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Mon 14 Jun 2004, 14:06 DEALING IN SECURITIES BY A DIRECTOR
COMBINED MOTOR HOLDINGS LIMITED - DEALING IN SECURITIES BY A 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 A DIRECTOR                                             
In compliance with paragraphs 3.63 to 3.74 of the JSE Securities Exchange South 
Africa Listings Requirements, the following information is disclosed:           
Director:                          RTAC Nethercott                              
Transaction                                                                     
Date of transaction:               11 June 2004                                 
Price per share:                   R 22.00                                      
Number of shares:                  15 000 ordinary                              
Total value:                       R 330 000                                    
Class of securities:               Ordinary shares                              
Nature of transaction:             Sale and exercise of options                 
Extent of interest:                Direct and beneficial                        
Confirmation of clearance:         Clearance to deal was granted                
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                                        
Director:                          MPD Conway                                   
Transaction                                                                     
Date of transaction:               11 June 2004                                 
Price per share:                   R 22.00                                      
Number of shares:                  15 000 ordinary                              
Total value:                       R 330 000                                    
Class of securities:               Ordinary shares                              
Nature of transaction:             Sale and exercise of options                 
Extent of interest:                Direct and beneficial                        
Confirmation of clearance:         Clearance to deal was granted                
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                                        
14 June 2004                                                                    
Johannesburg                                                                    
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration no: 1970/003711/07)                                               
Date: 14/06/2004 01:51:01 PM                     
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