A combination locking arrangement includes a locking member, at least first and second tumbler discs, a dial, and a code change mechanism. When each of the tumbler discs is rotated to an unlocking orientation, the locking member is movable from a locking position to a releasing position. The dial is rotatable about a tumbler disc axis for selective rotation of the at least first and second tumbler discs. The dial includes a clutch rotationally securable in interlocking engagement with the first tumbler disc. The code change mechanism is rotatable to a code change position to separate the clutch from the first tumbler disc, such that the dial is subsequently rotatable to rotate the clutch with respect to the first tumbler disc.