Competition Commission Update Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000152617 (‘Massmart’ or ‘the Company’) COMPETITION COMMISSION UPDATE Further to the announcement released on SENS on 20 August 2021 where the Company advised of the divestiture of the Cambridge Food, Rhino and Massfresh assets, as well as selected Masscash, Cash and Carry assets (‘the Transaction”), the Competition Commission has recommended that the Competition Tribunal approve the Transaction subject to conditions to be imposed on both the merging parties. 20 May 2022 Johannesburg Sponsor J.P. Morgan Equities South Africa (Pty) Ltd Date: 20-05-2022 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.