Organisational Structure Organisational Structure Report updated: May 2019 Next update: May 2020 Organisational Structure Organisational Structure Store Footprint Report Store Count, Geographic Spread and Growths

Massmart Divisional Store Footprint As at the end of December 2018, the Massmart Group had 436 stores across four trading divisions (excluding franchises and buying groups) across 13 Sub-Saharan countries with 1,648,718m² trading space During FY2018, 19 stores were opened and 6 closed resulting in +2.2% more trading space Masscash is the second biggest contributor to the store portfolio at 30% of stores, and third biggest contributor to trading space at 24% Group CAPEX has been focused on IT upgrades on store refurbishment During FY2018 the distribution centres for Massdiscounters and Makro joined to form Massmart Logistics, a business unit to be used as a Group asset in an effort to improve efficiencies and cost recoveries SOURCE: Massmart Holdings

Massmart Divisional Store Footprint cont. Masscash Masscash is the second largest division in terms of store footprint, with 130 stores Masscash Wholesale has 67 stores, unchanged in FY2018, however this is below the 87 stores from 10 years ago Masscash Retail has 63 stores, having opened 2 new stores in SA in FY2018, +34% growth in five years Masscash1 trading space increased +3.1% in FY2018 from 377,038m² to 388,714m², five year growth at -3.2% due to reduction in space during FY2015-2016 Rhino Cash & Carry Matubatuba Cambridge Food Cosmo City SOURCE: Massmart Holdings NOTE: 1 CAGR space growth for Jumbo SA -1.8% over five years and +7.1% for Cambridge SA

Non-SA Store Footprint Africa (Non-SA) continues to be a growth area for Massmart with 47 stores across 12 countries. Growth in portfolio remains strategic, 3 net new stores opened in FY2017 and 1 in FY2016 During FY2018 the Group opened 5 new stores, there were no closures Masscash remains at 13 stores across 6 countries Massmart Retail space increased +5.8% to 229,269m2 accounting for 14% of the Group’s trading space Botswana is the largest African market by store count with 11 stores (7 are Masscash), contributing 23% to the Non-SA store numbers 2 of the 3 Massmart stores in Lesotho are Masscash Swaziland has 1 Masscash store, the only Massmart store in the country Zambia, Mozambique, and Namibia each have 1 Masscash store SOURCE: Massmart Holdings NOTE: Totals may vary due to source and timing

Trading Space as at the end of Dec 2021 Planned Store Numbers to December 2021 By the end of December 2021 Massmart have planned to have opened an additional 43 stores and increase their trading space by +7.6% to 1,774,263m2 Masscash plan to open 17 net new stores to Dec 2021, Resulting in an expected +9.4% space growth Of the additional 30 planned net new Massmart SA Stores, 13 are Masscash (all Retail) With CAPEX focus on IT and the slow SA economy the Group has reportedly begun curtailing new stores plans to focus on reducing working capital and manage cash flow Planned Stores to December 2021 Net New Stores Stores as at end of Dec 2021 Trading Space Growth Trading Space as at the end of Dec 2021 Massmart Group +43 479 +7.6% 1,774,263m2 Masscash +17 147 +9.4% 425,244m2 The Group is planning 4 additional Non-SA Masscash stores 1 Retail store in Lesotho, increasing the Masscash footprint to 3 in that country 3 Wholesale stores, all in Zambia, leaving the total at 4 stores by Dec 2021 Non-SA New Store Plan to December 2021 Masscash Retail Masscash Wholesale Total Non-SA 1 3 13 Zambia 5 Kenya 4 Lesotho Swaziland Botswana Namibia SOURCE: Massmart Holdings

Maryla Masojada | Head Analyst Kate Shirley | Retail Analyst Tel: +27 (0) 31 303 2803 Fax: +27 (0) 31 303 4560 info@tradeintelligence.co.za Tel: +27 (0) 31 303 2803 Fax: +27 (0) 31 303 4560 info@tradeintelligence.co.za Tel: +27 (0) 31 303 2803 Fax: +27 (0) 31 303 4560 info@tradeintelligence.co.za Maryla Masojada | Lead Analyst Kate Shirley | Retail Analyst Kate Shirley | Retail Analyst – New Channels Maryla Masojada |Head Research Kate Shirley | Retail Analyst – New Channels Maryla Masojada |Head Research Kate Shirley | Retail Analyst – New Channels Maryla Masojada |Head Research tel +27 31 303 2803 fax +27 31 303 4560 info@tradeintelligence.co.za Disclaimer These materials and the information contained herein are collated by TI* referencing a wide range of public domain data sources, face-to-face interviews, retailer presentations and financial reports, and are intended to provide general information about the South African consumer goods trading environment and selected retailers, and are not intended as an exhaustive treatment of such subjects. Whilst every effort has been made to ensure that the information published in this work is accurate, your use of these and the information contained herein is at your own risk. The information is not intended to be relied upon as the sole basis for any decision which may affect you or your business, and TI makes no express or implied representations or warranties regarding the accuracy of the information herein. TI will not be liable for any special, indirect, incidental, consequential, or punitive damages or any other damages whatsoever, whether in an action of contract, statute, tort (including, without limitation, negligence), or otherwise, relating to the use of these materials and the information contained herein. TI expressly disclaims all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security, and accuracy. * TI refers to The Retail Workshop (Pty) Ltd trading as Trade Intelligence Disclaimer These materials and the information contained herein are collated by TI* referencing a wide range of public domain data sources, face-to-face interviews, retailer presentations and financial reports, and are intended to provide general information about the South African consumer goods trading environment and selected retailers, and are not intended as an exhaustive treatment of such subjects. Whilst every effort has been made to ensure that the information published in this work is accurate, your use of these and the information contained herein is at your own risk. The information is not intended to be relied upon as the sole basis for any decision which may affect you or your business, and TI makes no express or implied representations or warranties regarding the accuracy of the information herein. TI will not be liable for any special, indirect, incidental, consequential, or punitive damages or any other damages whatsoever, whether in an action of contract, statute, tort (including, without limitation, negligence), or otherwise, relating to the use of these materials and the information contained herein. TI expressly disclaims all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security, and accuracy. * TI refers to The Retail Workshop (Pty) Ltd trading as Trade Intelligence Disclaimer These materials and the information contained herein are collated by TI* referencing a wide range of public domain data sources, face-to-face interviews, retailer presentations and financial reports, and are intended to provide general information about the South African consumer goods trading environment and selected retailers, and are not intended as an exhaustive treatment of such subjects. Whilst every effort has been made to ensure that the information published in this work is accurate, your use of these and the information contained herein is at your own risk. The information is not intended to be relied upon as the sole basis for any decision which may affect you or your business, and TI makes no express or implied representations or warranties regarding the accuracy of the information herein. TI will not be liable for any special, indirect, incidental, consequential, or punitive damages or any other damages whatsoever, whether in an action of contract, statute, tort (including, without limitation, negligence), or otherwise, relating to the use of these materials and the information contained herein. TI expressly disclaims all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security, and accuracy. * TI refers to The Retail Workshop (Pty) Ltd trading as Trade Intelligence Disclaimer These materials and the information contained herein are collated by TI* referencing a wide range of public domain data sources, face-to-face interviews, retailer presentations and financial reports, and are intended to provide general information about the South African consumer goods trading environment and selected retailers, and are not intended as an exhaustive treatment of such subjects. Whilst every effort has been made to ensure that the information published in this work is accurate, your use of these and the information contained herein is at your own risk. The information is not intended to be relied upon as the sole basis for any decision which may affect you or your business, and TI makes no express or implied representations or warranties regarding the accuracy of the information herein. TI will not be liable for any special, indirect, incidental, consequential, or punitive damages or any other damages whatsoever, whether in an action of contract, statute, tort (including, without limitation, negligence), or otherwise, relating to the use of these materials and the information contained herein. TI expressly disclaims all implied warranties, including, without limitation, warranties of merchantability, title, fitness for a particular purpose, non-infringement, compatibility, security, and accuracy. * TI refers to The Retail Workshop (Pty) Ltd trading as Trade Intelligence