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Wed 1 Sep 2004, 12:11 TRADING STATEMENT
COMBINED MOTOR HOLDINGS LIMITED - TRADING STATEMENT                             
COMBINED MOTOR HOLDINGS LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1965/000270/06)                                            
Share code: CMH   ISIN code: ZAE000001541                                       
(`CMH` or `the company`)                                                        
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Securities Exchange South      
Africa, a listed company is required to publish a trading statement as soon as  
it becomes aware that the financial results for the next period to be reported  
on will be materially different from those of the previous corresponding period.
CMH is expecting an increase of between 35% and 45% in headline earnings per    
share for the six months ended 31 August 2004 as compared with the corresponding
period last year, due to favourable trading conditions.                         
The forecast has not been reviewed or reported on by the company`s auditors.    
The release of the final announcement of results for the six months ended 31    
August 2004 is expected to be published on or about 5 October 2004.             
By order of the board                                                           
Durban                                                                          
1 September 2004                                                                
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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