COMBINED MOTOR HOLDINGS LIMITED - Dealings in securities by Directors

Dealings in securities by Directors

Combined Motor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
JSE share code: CMH ISIN number: ZAE000088050
("CMH" or "the Company")

Dealings in securities by Directors

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information
is disclosed:

1.   Director:                                          MPD Conway
     Company:                                           CMH
     Status:                                            Executive director
     Class of shares:                                   Ordinary shares
     Date of Transaction:                               18 May 2015
     Number of ordinary shares:                         337 500
     Price (cents per share):                           512.00
     Total rand value:                                  R1 728 000
     Nature of transaction                              Exercise of option
     Nature and extent of interest in transaction:      Direct beneficial

2.   Director:                                          JD McIntosh
     Company:                                           CMH
     Status:                                            Executive Director
     Class of shares:                                   Ordinary shares
     Date of Transaction:                               18 May 2015
     Number of ordinary shares:                         1 012 500
     Price (cents per share):                           512.00
     Total rand value:                                  R5 184 000
     Nature of transaction                              Exercise of option
     Nature and extent of interest in transaction:      Direct beneficial

3.   Director:                                          SK Jackson
     Company:                                           CMH
     Status:                                            Financial director
     Class of shares:                                   Ordinary shares
     Date of Transaction:                               18 May 2015
     Number of ordinary shares:                         787 500
     Price (cents per share):                           512.00
     Total rand value:                                  R4 032 000
     Nature of transaction                              Exercise of option
     Nature and extent of interest in transaction:      Direct beneficial

The shares were allocated from a fresh issue of shares by the Company.

The above trades were done off-market.

Clearance was provided by K Fonseca, Company Secretary.

Durban
19 May 2015

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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