Dealing in securities Combined Motor Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1965/000270/06) Share code: CMH ISIN: ZAE000088050 (“the Company”) DEALING IN SECURITIES In compliance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following share appreciation rights (“SARs”) have vested and been exercised in terms of the Company´s Share Appreciation Rights Scheme 2010: Executive director: BWJ Barritt Date of grant: 1 June 2015 Vesting date: 1 June 2019 Exercise date: 12 June 2019 Number of SARs exercised: 50 000 Grant price per SAR: R17.75 Strike price per SAR: R21.77 Value earned: R201 002.41 Value taken in shares: R110 548.06 Value taken in cash: R90 454.35 Number of shares taken: 5 078 Type of shares: Ordinary, no par value Extent of interest: Direct beneficial Executive director: BWJ Barritt Date of grant: 1 June 2016 Vesting date: 1 June 2019 Exercise date: 12 June 2019 Number of SARs exercised: 66 667 Grant price per SAR: R17.15 Strike price per SAR: R21.77 Value earned: R308 001.96 Value taken in shares: R169 392.37 Value taken in cash: R138 609.59 Number of shares taken: 7 781 Type of shares: Ordinary, no par value Extent of interest: Direct beneficial Company secretary: K Fonseca Date of grant: 1 June 2015 Vesting date: 1 June 2019 Exercise date: 12 June 2019 Number of SARs exercised: 16 667 Grant price per SAR: R17.75 Strike price per SAR: R21.77 Value earned and taken in shares: R67 008.06 Number of shares taken: 3 078 Type of shares: Ordinary, no par value Extent of interest: Direct beneficial Company Secretary: K Fonseca Date of grant: 1 June 2016 Vesting date: 1 June 2019 Exercise date: 12 June 2019 Number of SARs exercised: 16 667 Grant price per SAR: R17.15 Strike price per SAR: R21.77 Value earned and taken in shares: R77 000.49 Number of shares taken: 3 537 Type of shares: Ordinary, no par value Extent of interest: Direct beneficial Pre-clearance for these trades was provided by SK Jackson. The awards will be settled on-market by the issue of shares purchased in the open market. Durban 19 June 2019 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 19/06/2019 11:55:00 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.