COMBINED MOTOR HOLDINGS LIMITED - Unaudited Group Financial Highlights for the six months ended 31 August 2023, and dividend declaration

Unaudited Group Financial Highlights for the six months ended 31 August 2023, and dividend declaration

Combined Motor Holdings Limited
(Registration number: 1965/000270/06)
(Share code: CMH)
(ISIN: ZAE000088050)
("the Company" or "the Group")

UNAUDITED GROUP FINANCIAL HIGHLIGHTS
FOR THE SIX MONTHS ENDED 31 AUGUST 2023, AND DIVIDEND DECLARATION

                                                                                              Unaudited    Unaudited       Audited
                                                                                               6 months     6 months     12 months
                                                                                    Change    31 August    31 August   28 February
                                                                                         %         2023         2022          2023
Total assets                                                           (R'000)         9,0    4 796 191    4 398 478     4 976 881
Cash resources                                                         (R'000)      (17,6)      496 016      601 817       761 876
Net asset value per share                                              (cents)         7,9        1 687        1 564         1 690
Revenue                                                                (R'000)         7,7    6 620 891    6 147 284    12 434 375
Operating profit                                                       (R'000)       (2,4)      363 205      372 291       773 412
Operating profit to revenue                                                (%)       (9,8)          5,5          6,1           6,2
Total profit and comprehensive income                                  (R'000)      (12,9)      196 820      225 974       443 461
Basic earnings per share                                               (cents)      (12,9)        263,1        302,1         592,8
Headline earnings per share                                            (cents)      (12,9)        263,1        302,1         617,1
Dividend paid per share                                                (cents)                                               393,0
Dividend declared per share, payable December 2023                     (cents)      (13,1)        146,0        168,0

Short-form announcement

This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the full
announcement and does not contain complete details. Any investment decision should be based on the full announcement which can be
found on the Company's website at www.cmh.co.za and through the JSE cloudlink https://senspdf.jse.co.za/documents/2023/jse/isse/CMH/CMHIR2023.pdf.
The results for the six months ended 31 August 2023 have not been reviewed nor audited by the Company's auditor.

Dividend declaration

Notice is hereby given that a dividend of 146 cents per share will be paid on Monday, 18 December 2023 to members reflected in the share register
of the Company at the close of business on the record date, Friday, 15 December 2023. The last day to trade cum dividend is Tuesday, 12 December 2023.
The first day to trade ex dividend is Wednesday, 13 December 2023. Share certificates may not be dematerialised or rematerialised from Wednesday,
13 December 2023 to Friday, 15 December 2023, both days inclusive. The number of ordinary shares in issue at the date of the declaration is 74 801 998.
Consequently, the gross dividend payable is R109 210 917,08 and will be distributed from income reserves. The dividend will be subject to dividend
withholding tax at a rate of 20%, which will result in a net dividend of 116,8 cents to those shareholders who are not exempt in terms of section 64F
of the Income Tax Act.

12 October 2023

Sponsor
PWC

Date: 12-10-2023 04:00:00
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