COMBINED MOTOR HOLDINGS LIMITED - Results of General Meeting

Results of General Meeting

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

Results of General Meeting of CMH

1. Introduction

    Shareholders of CMH (“Shareholders”) are referred to the detailed announcement released
    on SENS on 28 April 2015 and published in the press on 29 April 2015 as well as the circular
    to Shareholders dated 30 April 2015 (“Circular”) regarding the share repurchase by CMH of a
    maximum of 21 133 000 issued shares from Shareholders at a cash price of R11.83 per
    share on a voluntary pro rata basis (“Share Repurchase Offer”).

2. Results of the general meeting

    Shareholders are advised that at the general meeting of CMH held on Thursday, 28 May
    2015 at 16:00 (“General Meeting”), both resolutions to give effect to the Share Repurchase
    Offer as set out in the notice convening the General Meeting incorporated in the Circular,
    were duly approved by the requisite majority of votes as follows:

    -   Total number of ordinary shares in issue in CMH as at the date of the General meeting:
        95 934 998
    -   Total number of issued ordinary shares that could have been voted at the General
        meeting (which excludes treasury shares): 95 934 998
    -   Total number of issued ordinary shares that were voted in person or by proxy at the
        General Meeting: 82 108 407 (which represents 85.6% of the Company’s total issued
        ordinary shares as well as 85.6% of the total number of issued ordinary shares that could
        have been voted)

                                                   Voted for    Voted against    Abstentions
                                                 (% of shares    (% of shares      (% of total
                                                       voted)          voted)        shares)
        Special Resolution:
        Approval of the Share
        Repurchase Offer                                 100               0                 0
        Ordinary Resolution:
        Authorising resolution                           100               0                 0

3. Further announcement

    A finalisation announcement confirming the dates pertinent to the Share Repurchase Offer is
    expected to be made on or about 15 June 2015.

    29 May 2015

   Sponsor and Corporate            Independent Expert                    Independent Reporting
   Advisor                                                                Accountants and Auditors
   PricewaterhouseCoopers           BDO Corporate Finance                 PricewaterhouseCoopers Inc.
   Corporate Finance                Proprietary Limited
   (Proprietary) Limited

Date: 29/05/2015 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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