CURRO HOLDINGS LIMITED - Acceptance of options by directors in terms of the Curro Holdings Limited share incentive scheme

Acceptance of options by directors in terms of the Curro Holdings Limited share incentive scheme

Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE CURRO HOLDINGS LIMITED
SHARE INCENTIVE SCHEME

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:

 NAME OF DIRECTOR                  Chris van der Merwe
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   22 May 2013
 OPTION STRIKE PRICE (CENTS)       1 710
 NUMBER OF OPTIONS ALLOCATED       187 557
 TOTAL RAND VALUE OF OPTIONS       R3 207 224.70
 STRIKE DATES OF OPTIONS           29 September 2014; 29 September
                                   2015; 29 September 2016; 29
                                   September 2017*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

 NAME OF DIRECTOR                  Bernardt van der Linde
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   22 May 2013
 OPTION STRIKE PRICE (CENTS)       1 710
 NUMBER OF OPTIONS ALLOCATED       95 226
 TOTAL RAND VALUE OF OPTIONS       R1 628 364.60
 STRIKE DATES OF OPTIONS           29 September 2014; 29 September
                                   2015; 29 September 2016; 29
                                   September 2017*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

 NAME OF DIRECTOR                  Hennie Louw
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   22 May 2013
 OPTION STRIKE PRICE (CENTS)       1 710
 NUMBER OF OPTIONS ALLOCATED       99 546
 TOTAL RAND VALUE OF OPTIONS       R1 702 236.60
 STRIKE DATES OF OPTIONS           29 September 2014; 29 September
                                   2015; 29 September 2016; 29
                                   September 2017*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

 NAME OF DIRECTOR                  Andries Greyling
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   22 May 2013
 OPTION STRIKE PRICE (CENTS)       1 710
 NUMBER OF OPTIONS ALLOCATED       142 523
 TOTAL RAND VALUE OF OPTIONS       R2 437 143.30
 STRIKE DATES OF OPTIONS           29 September 2014; 29 September
                                 2015; 29 September 2016; 29
                                 September 2017*
 PERIOD OF EXERCISE              Participants have a 30 day period
                                 from the respective strike dates
                                 during which options can be
                                 exercised
 NATURE OF TRANSACTION           Acceptance of options to subscribe
                                 for ordinary shares in terms of a
                                 share incentive scheme
                                 (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION              Direct beneficial
 CLEARANCE OBTAINED              Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

Durbanville
23 May 2013

Sponsor
PSG Capital

Date: 23/05/2013 12:00:00 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.