Guidance update

___________________________________________________________________________

PO Box 6159 Level 6 Telephone 04 384-9734 E-mail cmc@colmotor.co.nz
Wellington 6141 57 Courtenay Place Facsimile 04 801-7279 Website www.colmotor.co.nz
NEW ZEALAND Wellington 6011 DX SP21009








22 December 2021






GUIDANCE UPDATE

At the recent 2021 annual meeting held in November, the Chairman signalled that we
had had a strong first quarter. He also stated that, if there were no further major
shocks, this run could be expected to continue for the short to medium term.

Chief Executive Officer, Alex Gibbons, has confirmed that trading remained strong
and it is anticipated that the financial half year Trading Profit after Tax to 31 December
2021 will be materially ahead of the corresponding period in 2020, which itself was a
record first six months.

However, we believe supply disruptions and the uncertainty around the impact of the
incoming clean car taxes, combined with the fluid nature of the Covid 19 pandemic,
will present a number of challenges in the second half of the financial year.



On behalf of the Board
Ashley Waugh
Chairman






___________________________________________________________________________