Investor Presentaiton

Massmart Retail Performance Stand-out performance for Builders, Game reset for a much improved 2022 performance Includes IFRS 16 Continuing operations ^ Excludes the Covid-19 and civil unrest impact - refer to additional information for Management assumptions used * Excludes inventory write-offs as a result of the civil unrest ** Includes HO allocations builders ↑7.1% R14.9bn Sales ↑7.7%^ (110bps) 34.8% . GP MARGIN* • • • • • 2020: 35.9% ↑14.2% R1,179.6m Trading profit** 2020: R1,032.6m 2019: R848.5m ↑17.9%^ Strong retail demand; trade sales recovery slower - mainly driven by larger construction projects Grew online sales by 48.3% Margin: normalising expected post Covid-19 Business unit expenses 16.4% Civil unrest 8 stores affected . Civil unrest estimated impact: Lost sales R76.7m Lost trading profit: R37.7m YOU'VE GOT game (8.7%) R15.3bn Sales (6.6%)^ (90bps) • • • . SA sales: 16.9%, comp sales √3.7% Rest of Africa sales: 12.8%, constant currencies $2.6% Removal of Fresh and Frozen offerings in SA: Food sales ↓20.8% In-stocks challenges over festive trading period Online sales 172.0% 26.5% • Relayed 114 stores GP MARGIN* • 2020: 27.4% (93.6%) (R1,031.1m) Trading profit** 2020: (R532.5m) 2019: (R391.0m) (47.3%)^ .. • • • Margin impacted by inventory valuation adjustments and customs provision Excluding this margin would be 27.7%, 140bps Business unit expenses ↓5.8% Civil unrest: 10 store affected Covid-19 & civil unrest estimated impact: . Lost sales: R349.5m Lost trading profit: R246.6m 13

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