INVESTOR RELATIONS

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We strive to provide useful and frequent disclosure to our shareholders, regardless of how uncomfortable this may be in periods of difficulty or underperformance.

Massmart reports formally to shareholders twice a year (in February and August) when its half-year and full-year results, together with a thorough executive overview, are announced and issued to shareholders and the media. On both occasions the CEO, COO, FD and certain Group Executives give presentations to institutional investors, analysts and the media.

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Early in January and July, shortly after the conclusion of the half-year and full-year trading periods, on release of the Integrated Annual Report and at the Group’s annual general meeting in November, Massmart releases sales updates reporting on the Group’s year-to-date sales performance. In addition, annually in May, the CEO, COO and FD host a day-long visit by institutional analysts and investors to Massmart stores. A sales update is released along with this visit.

FOREIGN SHAREHOLDING

    SHARES   %
South Africa 19,611,704   9.1
Walmart subsidiary: Main Street 830 (Pty) Ltd* 113,859,293   52.7
United States of America and Canada 26,362,025   12.2
United Kingdom 42,535,882   19.7
Rest of Europe 4,310,545   2.0
Rest of World 9,445,012   4.3

* South African company – ultimate holding company is Walmart Stores, Inc.

During the year, apart from closed periods, the CEO, COO and FD together meet regularly with institutional shareholders and, in addition, are available for meetings or conference calls with analysts and any existing or prospective Massmart shareholder.

Profits are distributed to shareholders at interim and year-end by way of a cash dividend. In light of the new Dividend Tax introduced with effect from 1 April 2012, the Group’s dividend cover has been adjusted to reflect the benefit to the Company of no longer paying Secondary Tax on Companies on the net dividend. Consequently, Massmart’s new dividend policy is to declare and pay an interim and final cash dividend representing a 1.55 times dividend cover unless circumstances dictate otherwise. A further dividend is distributed to Thuthukani shareholders, arising from the Massmart black economic empowerment transaction which came into effect in October 2006. The Thuthukani dividend is now 100% of the ordinary dividend.

COMPANY SECRETARY:
P Sigsworth, CA(SA)

CONTACT DETAILS:

Registered office
Massmart House
16 Peltier Drive, Sunninghill Ext 6
Sandton, 2146, South Africa

Postal address
Private Bag X4, Sunninghill
2157, South Africa

Telephone number
+ 27 (0) 11 517 0000

Facsimile number
+ 27 (0) 11 517 0020

Website
www.massmart.co.za

INDICATORS:

Company registration number
1940/014066/06
(incorporated in South Africa)

JSE share code
MSM

ISIN
ZAE000152617

DESIGN PARTNERS:

Publisher annual report
Ince (Pty) Ltd

Design agency
Studio Shelf

Photographer
G Gilmour

CORPORATE PARTNERS:

Transfer secretaries
Computershare Investor Services (Pty) Ltd
70 Marshall Street, Johannesburg, 2001

Principal bankers
ABSA Bank Limited
First National Bank
(A division of FirstRand Bank Limited)
Investec Bank Limited
Nedbank Group Limited
The Standard Bank of South Africa Limited

Auditors
Deloitte & Touche

Corporate law advisors
Cliffe Dekker Hofmeyr
Edward Nathan Sonnenbergs

Lead sponsor
Deutsche Securities (SA) (Pty) Ltd