COMBINED MOTOR HOLDINGS LIMITED - Dealing in securities

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:


Director of major subsidiary:    SL Atkinson
Major subsidiary:                Kempster Sedgwick
Date of grant:                    1 June 2015
Vesting date:                     1 June 2019
Exercise date:                    19 August 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:            Rnil
Value taken in cash:              R201 002.41
Number of shares taken:           Nil


Director of major subsidiary:    SL Atkinson
Major subsidiary:                Kempster Sedgwick
Date of grant:                    1 June 2016
Vesting date:                     1 June 2019
Exercise date:                    19 August 2019
Number of SARs exercised:         50 000
Grant price per SAR:              R17.15
Strike price per SAR:             R21.77
Value earned:                     R231 000
Value taken in shares:            Rnil
Value taken in cash:              R231 000
Number of shares taken:           Nil



Durban
21 August 2019

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 21/08/2019 09:35:00
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