Trading Statement for the Financial year ended 29 February 2016 Combined Motor Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1965/000270/06) Share code: CMH ISIN: ZAE000088050 (“CMH”) TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2016 In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will show a 20% or more difference from those of the previous corresponding period. CMH hereby advises that a reasonable degree of certainty exists that, for the year ended 29 February 2016: – Headline earnings per share (“HEPS”) is expected to increase by between 25% and 30%, resulting in a HEPS of between 243,3 cents and 253,0 cents per share as compared with 194,6 cents per share for the comparative period; and – Earnings per share (“EPS”) is expected to increase by between 35% and 40%, resulting in an EPS of between 219,6 cents and 227,8 cents per share as compared with 162,7 cents per share for the comparative period. This financial information has not been reviewed and reported on by the auditors of CMH. The results for the year ended 29 February 2016 are expected to be published on or about 19 April 2016. Durban 23 March 2016 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 23/03/2016 01:00:00 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.