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:


Executive director:              BWJ Barritt
Date of grant:                   1 June 2015
Vesting date:                    1 June 2018
Exercise date:                   6 June 2018
Number of SARs exercised:        50 000
Grant price per SAR:             R17.75
Strike price per SAR:            R33.00
Market price on exercise date:   R32.20
Value earned:                    R762 500
Value taken in shares:           R419 372.80
Number of shares taken:          13 024
Type of shares:                  Ordinary, no par value
Extent of interest:              Direct beneficial
Clearance obtained:              Yes
Value taken in cash:             R343 127.20


Executive director:              BWJ Barritt
Date of grant:                   1 June 2013
Vesting date:                    1 June 2018
Exercise date:                   6 June 2018
Number of SARs exercised:        41 667
Grant price per SAR:             R13.70
Strike price per SAR:            R33.00
Market price on exercise date:   R32.20
Value earned:                    R804 173.10
Value taken in shares:           R442 299.20
Number of shares taken:          13 736
Type of shares:                  Ordinary, no par value
Extent of interest:              Direct beneficial
Clearance obtained:              Yes
Value taken in cash:             R361 873.90


Company secretary:                K Fonseca
Date of grant:                    1 June 2015
Vesting date:                     1 June 2018
Exercise date:                    6 June 2018
Number of SARs exercised:         16 667
Grant price per SAR:              R17.75
Strike price per SAR:             R33.00
Market price on exercise date:    R32.20
Value earned:                     R254 171.75
Number of shares taken:           4 341
Value taken in shares:            R139 780.20
Type of shares:                   Ordinary, no par value
Extent of interest:               Direct beneficial
Clearance obtained:               Yes
Value taken in cash:              R114 391.55

Director of major subsidiary:    SL Atkinson
Major subsidiary:                Kempster Sedgwick
Date of grant:                   1 June 2015
Vesting date:                    1 June 2018
Exercise date:                   6 June 2018
Number of SARs exercised:        50 000
Grant price per SAR:             R17.75
Strike price per SAR:            R33.00
Market price on exercise date:   R32.20
Value earned:                    R762 500
Value taken in shares:           R419 372.80
Number of shares taken:          13 024
Type of shares:                  Ordinary, no par value
Extent of interest:              Direct beneficial
Clearance obtained:              Yes
Value taken in cash:             R343 127.20


The awards were settled on 19 June 2018 by the issue of shares
purchased in the open market.

Durban
20 June 2018

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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