Voluntary Pre Closed Period Trading Update Motus Holdings Limited Incorporated in the Republic of South Africa Registration number: 2017/451730/06 Share code: MTH ISIN: ZAE000261913 ("MOTUS") VOLUNTARY PRE CLOSED PERIOD TRADING UPDATE Environment The South African and global economic and political environments have been unsettled during the period. In South Africa, low economic growth, a weak currency and high unemployment have negatively impacted GDP growth and disposable income, which have negatively affected consumer spending and vehicle affordability. The automotive market remains competitive and consumers continue to trade down with the shift to affordable vehicles from premium brand vehicles. Worldwide, the automotive industry is facing considerable change, with major disruptive trends likely to change the way vehicles are purchased, used and maintained in the medium to long term. Operational performance South Africa The total vehicle market performance in South Africa declined by 2,4% (11 months to May 2019: 496 512 units, May 2018: 508 785 units). The Retail and Rental operations are experiencing difficult trading conditions but these are partially offset by cost containment and the elimination of unprofitable dealerships. Entry level vehicle and small SUV sales in the dealership channel have assisted the Importer segment. The Motor-related Financial Services segment remained stable. The Aftermarket Parts business has been enhanced by the acquisition of a controlling shareholding in the Taiwanese wholesaler, ARCO in March 2018. The centralised Finance and Insurance business across the dealer network, which executes group financial services strategies, has provided economies of scale and a competitive advantage for the business. United Kingdom (UK) The UK operation has been impacted by the political uncertainty arising from Brexit. Despite the negative impact of Brexit on vehicle sales the DAF commercial and the Pentagon passenger dealerships remain profitable. The Mercedes commercial dealerships have been negatively impacted due to the once-off restructuring of the business, carbon emission issues resulting in a lack of inventory availability, lower truck and van sales resulting in a reduction of variable margin earned. Senior management changes were introduced to improve systems and the future profitability of the Mercedes commercial operations. Australia The Australian economic environment remains competitive. SWT (Melbourne) dealerships purchased in October 2017 recorded an improvement while the Sydney business was negatively impacted by lower volumes due to the over exposure to certain brands that performed below expectations in the market. Strategy Participation across the automotive value chain through our four business segments and a diversified portfolio in the automotive industry provides resilience in difficult operating conditions. In addition, our fully integrated business model and brand representation across the segments provides a more defensive business model. Our strategic objectives are centred around deepening our competitiveness and relevance across the automotive value chain by driving organic growth through optimisation and innovation, bolt-on selective international acquisitions to improve brand representation and/or extend the footprint in adjacent regions to leverage our existing capabilities and networks. Guidance update Shareholders are referred to the SENS announcement of 26 February 2019 where we provided guidance for the financial year to 30 June 2019. MOTUS remains focused on longer-term trends in the automotive industry and continues to evaluate how these changes will impact the market we operate in. Cost management and innovation initiatives should benefit the group in the medium to long term. We provide updated guidance to 30 June 2019 as follows: - challenging economic trading conditions to remain for the short and medium term in all the geographies in which we operate; - to maintain (previously increase) revenue; - to maintain operating profit; - to improve working capital efficiency and reduce debt compared to December 2018; and - to achieve growth in normalised HEPS. MOTUS is currently finalising its results for the year ending 30 June 2019 and is scheduled to release its results on 28 August 2019. The forecast financial information herein has not been reviewed or reported on by MOTUS’ external independent auditors. The information contained in this announcement contains the views and forecasts of MOTUS management at the time of publication. 19 June 2019 Bedfordview Sponsor Standard Bank of South Africa Limited Date: 19/06/2019 09:00:00 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.