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 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.