CURRO HOLDINGS LIMITED - Release of shares pledged by an associate of a director of the company

Release of shares pledged by an associate of a director of the company

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
LEI: 378900E237CB40F0BF96
Company Alpha Code: COHI
(“Curro” or “the Company”)

RELEASE OF SHARES PLEDGED BY AN ASSOCIATE OF A DIRECTOR OF THE
COMPANY

Shareholders are referred to the announcement released on SENS on 24 March 2023
(“Announcement”), regarding the conclusion of a cession and pledge agreement (“Pledge”)
by the Chris van der Merwe Familie Trust (“Trust”), which is an associate of Dr Christiaan
Rudolph van der Merwe, a non-executive director of the Company, in terms of which the Trust
pledged and ceded in security, 378 000 Curro ordinary shares (“Pledged Shares”), to and in
favour of Investec Bank Limited (“Investec”).

The Pledged Shares served as security for the Trust’s potential financial obligation towards
Investec, in terms of a guarantee and indemnity (“Guarantee”) which the Trust provided in
respect of a loan of R1 million, advanced by Investec to a related party of the Trust.

As indicated in the Announcement, the Guarantee and the Pledge were intended to serve only
as temporary security, pending the registration of a mortgage bond over a property owned by
the related party. Shareholders are hereby advised that following the registration of the
mortgage bond, the Guarantee and the Pledge have been cancelled and the Pledged Shares
have been released.

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

 NAME OF DIRECTOR                              Dr. Christiaan Rudolph van der Merwe

 COMPANY OF WHICH A DIRECTOR                   Curro Holdings Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE               Non-Executive

 TYPE AND CLASS OF SECURITIES                  Ordinary shares

 NATURE OF TRANSACTION                         Cancellation of Guarantee and Pledge and
                                               release of Pledged Shares

 TRANSACTION DATE                              14 September 2023

 NUMBER OF SHARES PLEDGED                      378 000

 VALUE OF SHARES RELEASED FROM                 R3 893 400 (based on the closing price of
 PLEDGE                                        R10.30 on 14 September 2023)

 NAME OF ASSOCIATE                             Chris van der Merwe Familie Trust

 RELATIONSHIP WITH DIRECTOR                    Director is a trustee and beneficiary of the
                                               Trust

 NATURE AND EXTENT OF INTEREST IN              Indirect, beneficial
 THE TRANSACTION

 NATURE OF CANCELLED FINANCIAL                 Cancellation of Guarantee provided by the
 OBLIGATION                                    Trust for the loan repayment obligations of a
                                               related party

 TERM OF CANCELLED FINANCIAL                   3 years (commencing on 31 January 2023)
 OBLIGATION

 AMOUNT OF CANCELLED FINANCIAL                 R1 000 000
 OBLIGATION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements, to the extent required.

Durbanville
18 September 2023

Equity and Debt Sponsor
PSG Capital

Date: 18-09-2023 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.