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Thu 30 Jun 2016, 10:00 COMBINED MOTOR HOLDINGS LIMITED - Dealing in Securities
CMH 201606300030A
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
equity-settled 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 2012
Vesting date:                    1 June 2016
Number of SARs exercised:        41 667
Grant price per SAR:             R10.84
Strike price per SAR:            R17.45
Market price on exercise date:   R17.00
Number of shares awarded:        16 200
Value of shares awarded:         R275 400
Type of shares:                  Ordinary, no par value
Extent of interest:              Direct beneficial
Clearance obtained:              Yes

Executive director:              BWJ Barritt
Date of grant:                   1 June 2013
Vesting date:                    1 June 2016
Number of SARs exercised:        41 667
Grant price per SAR:             R13.70
Strike price per SAR:            R17.45
Market price on exercise date:   R17.00
Number of shares awarded:        9 190
Value of shares awarded:         R156 230
Type of shares:                  Ordinary, no par value
Extent of interest:              Direct beneficial
Clearance obtained:              Yes

Company secretary:               K Fonseca
Date of grant:                   1 June 2012
Vesting date:                    1 June 2016
Number of SARs exercised:        16 667
Grant price per SAR:             R10.84
Strike price per SAR:            R17.45
Market price on exercise date:   R17.00
Number of shares awarded:        6 480
Value of shares awarded:         R110 160
Type of shares:                  Ordinary, no par value
Extent of interest:              Direct beneficial
Clearance obtained:              Yes

The awards were settled on 29 June 2016 by the issue of shares
purchased in the open market.

Durban
30 June 2016

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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