Directorate

In line with the Walmart International regional reporting structure that was implemented post the Massmart-Walmart merger, Doug McMillon, who is the Chief Executive Officer and President of Walmart International Operations, resigned from the Massmart board of directors with effect from 20 August 2012. Doug was appointed to the Massmart board upon completion of the Massmart-Walmart transaction on 20 June 2011.

David Cheesewright, who is the Chief Executive Officer and President of Walmart’s Europe Middle East Africa (EMEA) region into which Massmart reports, has been appointed in Doug’s stead with effect from 20 August 2012. David was previously appointed as an alternate director to the Massmart board on
23 November 2011.