Results of the Pro Rata Repurchase 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") RESULTS OF THE PRO RATA REPURCHASE Further to the announcement released by CMH on SENS on Friday, 17 January 2014, regarding the proposed share repurchase by the Company of a maximum of 15 400 000 issued shares from Shareholders at a cash price of R13,00 per share, on a voluntary, pro rata, basis, as well as previous announcements in this regard, it is hereby advised that a total of 44 588 919 shares were tendered by share repurchase offer participants for repurchase (“Total Shares Tendered”). As this number was in excess of the maximum repurchase figure of 15 400 000 shares, the number of shares to be repurchased from each individual shareholder was determined by the formula set out in the Share Repurchase Circular dated 11 November 2013, and equated to 34,5% of the Total Shares Tendered for repurchase. On completion of the apportionment exercise, 15 400 000 issued ordinary shares were delisted from the JSE from commencement of trade this morning and will be cancelled. 5 February 2014 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 05/02/2014 10:00:00 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.