COH/COHN - Curro - Curro Rights Offer Results Announcement

COH/COHN - Curro - Curro Rights Offer Results Announcement                      
Curro Holdings Limited                                                          
Incorporated in the Republic of South Africa                                    
Registration Number 1998/025801/06                                              
JSE Share Code: COH                                                             
JSE Share Code: NPL`s - COHN                                                    
ISIN: ZAE000156253                                                              
ISIN: NPL`s - ZAE000156717                                                      
("Curro" or "the Company")                                                      
CURRO RIGHTS OFFER RESULTS ANNOUNCEMENT                                         
Shareholders are referred to the announcements of the Curro rights offer        
published on the JSE Limited ("JSE") Stock Exchange News Service ("SENS") on 26 
May 2011 and 2 June 2011 and the circular dated 20 June 2011 detailing the terms
of the said offer. In terms hereof Curro announced the raising of approximately 
R322.4 million by way of a partially underwritten renounceable rights offer of  
80 607 040 new Curro ordinary shares of R0.00001 each ("rights offer shares") to
qualifying Curro ordinary shareholders ("rights offer").                        
The rights offer shares were issued in the ratio of 1 rights offer share for    
every 1 Curro ordinary shares held on the record date, being Friday, 17 June    
2011 ("record date") at a subscription price of 400 cents per rights offer      
share.                                                                          
The results of the rights offer, which closed on Friday, 8 July 2011, are as    
follows:                                                                        
Number of rights   % of rights offer        

                                    offer shares       shares                   
Rights offer shares available for    80 607 040         100%                    
subscription                                                                    
Rights offer shares subscribed for   80 567 351         99.95%                  
by Curro shareholders                                                           
Rights offer shares to be issued to  39 689             0.05%                   
the underwriter                                                                 
PSG Financial Services Limited ("PSG Financial Services" or "the underwriter")  
agreed to partially underwrite the rights offer up to a maximum of 24.32% of the
rights offer shares offered, represented by 19 603 520 rights offer shares. PSG 
Financial Services will settle the issue price of the rights offer shares to be 
issued to them, which they subscribed for pursuant to their underwriting        
obligations, in cash.                                                           
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, 11 July 2011; 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, 11 July 2011.     
Cape Town                                                                       
11 July 2011                                                                    
Corporate adviser:  PSG Capital (Proprietary) Limited                           
Designated adviser: QuestCo Sponsors (Proprietary) Limited                      
Independent reporting accountants: Deloitte & Touche                            
Underwriter: PSG Financial Services Limited                                     
Date: 11/07/2011 09:00:01 Supplied by www.sharenet.co.za                     
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