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Thu 6 May 2004, 14:22 DEALING IN SECURITIES BY DIRECTOR
COMBINED MOTOR HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTOR             
  Combined Motor Holdings Limited                                                 
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1965/000270/06)                                            
  JSE Share code: CMH                                                             
  ISIN code: ZAE000001541                                                         
  DEALING IN SECURITIES BY DIRECTOR                                               
  In compliance with paragraphs 3.63 to 3.74 of the JSE Securities Exchange South 
  Africa Listings Requirements, the following information is disclosed:           
  Name of Director:                  CL Odendaal                                  
  Date of Transaction:               5 May 2004                                   
  Number of Shares (Ordinary):       9 462 ordinary                               
  Price of Shares:                   Between R22.75 and R22.95                    
  Total Value:                       R215 780.50                                  
  Class of security:                 Ordinary shares                              
  Nature of Transaction:             Sale                                         
  Nature and extent of Director"s                                                 
  Interest in the Transaction:       Indirect, Beneficial                         
  Confirmation of clearance:         Cleared                                      
  6 May 2004                                                                      
  Johannesburg                                                                    
  Sponsor:                                                                        
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  (Registration no: 1970/003711/07)                                               
  Date: 06/05/2004 02:04:27 PM Produced by the JSE SENS Department
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