17 Jun - 2 min read

Appointment of Directors

Appointment of Directors

Combined Motor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
Share code: CMH ISIN: ZAE000088050
(“CMH” or “the Company”)

APPOINTMENT OF DIRECTORS

In terms of a shareholders’ agreement between CMH and its empowerment partner Thebe Investment
Corporation (Pty) Ltd (“Thebe”), Thebe has the right to nominate two non-executive directors to the
board of CMH.

The current Thebe-nominated directors on the Board of CMH are MR Nkadimeng and JA Mabena.
With effect from 1 July 2021, Thebe wishes to withdraw its nomination of MR Nkadimeng and JA
Mabena and replace them with RT Komane and AY Metu.

The appointments of RT Komane and AY Metu as the new Thebe-nominated independent, non-
executive directors have been approved by the Board of CMH with effect from 1 July 2021 and will be
placed before shareholders for approval at CMH’s next annual general meeting, scheduled for June
2022.

The Board has resolved to retain MR Nkadimeng and JA Mabena as independent non-executive
directors in their personal capacity, as it values the contributions they make to Board deliberations.

The above changes will not result in any immediate changes to the sub-committees of the Board.


Durban
17 June 2021

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Date: 17-06-2021 05:20:00
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