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Mon 10 May 2004, 14:50 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)                                            
  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:               7 May 2004                                   
  Number of Shares (Ordinary):       20 776 ordinary                              
  Price of  Shares:                  R22.95                                       
  Total Value:                       R476 809.20                                  
  Class of security:                 Ordinary shares                              
  Nature of Transaction:             Sale                                         
  Nature and extent of Director"s                                                 
  Interest in the Transaction:       Direct, Beneficial                           
  Confirmation of clearance:         Cleared                                      
  10 May 2004                                                                     
  Johannesburg                                                                    
  Sponsor                                                                         
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  (Registration no: 1970/003711/07)                                               
  Date: 10/05/2004 02:43:02 PM Produced by the JSE SENS Department
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