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Tue 25 Nov 2003, 16:54 Dealing in securities by directors
Combined Motor Holdings Limited - Dealing in securities by directors            
Combined Motor Holdings Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1965/000270/06)                                            
Share code: CMH               ISIN code: ZAE000001541                           
Dealing in securities by directors                                              
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
Africa Listing Requirements, the following information is disclosed:            
Director                           : MPD Conway                                 
Date of transaction                : 24 November 2003                           
Price per share                    : R 17.00                                    
Number of shares                   : 16 000                                     
Total value                        : R 272 000                                  
Class of securities                : Ordinary shares                            
Nature of transaction              : Sale and exercise of options               
Extent of interest                 : Direct and beneficial                      
Confirmation of clearance          : Permission to deal in these shares has been
                                     obtained                                   
Exercise of options                                                             
Date options granted               : 1 June 2000                                
Option price                       : R5.52                                      
Date options exercised             : 1 June 2000                                
Market price at date of exercise   : R6.90                                      
Director                           : RTAC Nethercott                            
Date of transaction                : 24 November 2003                           
Price per share                    : R 17.00                                    
Number of shares                   : 20 000                                     
Total value                        : R 340 000                                  
Class of securities                : Ordinary shares                            
Nature of transaction              : Sale and exercise of options               
Extent of interest                 : Direct and beneficial                      
Confirmation of clearance          : Permission to deal in these shares has been
                                     Obtained Exercise of options               
Date options granted               : 1 June 2000                                
Option price                       : R5.52                                      
Date exercised                     : 1 June 2000                                
Market price at date of exercise   : R6.90                                      
25 November 2003                                                                
Durban                                                                          
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration no: 1970/003711/07)                                               
Date: 25/11/2003 04:49:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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