CURRO HOLDINGS LIMITED - Curro Rights Offer Results

Curro Rights Offer Results

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”)

CURRO RIGHTS OFFER RESULTS

Shareholders are referred to the announcements published on the JSE
Limited (“JSE”) Stock Exchange News Service (“SENS”) on 18 February 2014,
2 April 2014 and 2 May 2014 and the circular dated 3 June 2014 relating to
the Curro rights offer (“Rights Offer”). In terms of the Rights Offer,
Curro offered 29 479 439 new Curro ordinary shares (“Rights Offer Shares”)
to qualifying Curro ordinary shareholders in the ratio of 1 Rights Offer
Share for every 10 Curro ordinary shares held on the Rights Offer record
date, being Friday, 6 June 2014. The Rights Offer was partially
underwritten   by  PSG   Financial   Services   Limited  (“PSG”    or “the
Underwriter”) up to a maximum of 12 651 382 Curro ordinary shares.

The results of the Rights Offer, which closed on Friday, 20 June 2014, are
as follows:

                                      Number of Rights   % of Rights Offer
                                      Offer Shares       Shares
Rights Offer Shares available for           29 479 439                100%
subscription 
Rights Offer Shares subscribed for          29 378 578              99,66%
by Curro shareholders
Rights Offer Shares to be issued to            100 861               0,34%
the Underwriter 

For Curro shareholders who have subscribed for the Rights Offer:

i)    share certificates will be posted to the holders of certificated
      Curro shares on or about Monday, 23 June 2014; and
ii)   the Central Securities Depository Participant (“CSDP”) or broker
      accounts of holders of dematerialised Curro shares will be credited
      with the Rights Offer Shares and debited with any payments due on
      Monday, 23 June 2014.

Durbanville
23 June 2014

Transaction Adviser and Sponsor: PSG Capital (Proprietary) Limited

Independent Sponsor: Questco (Proprietary) Limited

Independent Reporting Accountants: Deloitte & Touche

Underwriter: PSG Financial Services Limited

Date: 23/06/2014 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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