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COH - Curro Holdings Limited - Trading Statement 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") TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous comparable period. Curro management published a forecast for the year ending 31 December 2011 ("the Profit Forecast") in its pre-listing statement dated 26 May 2011. The Profit Forecast was based on the facts and assumptions known to management at the time. However, Curro has subsequently built additional capacity and seized more opportunities than initially anticipated. The costs associated with same have consequently had a negative impact on earnings during the current reporting period. Curro`s prospects remain positive and the financial benefits associated with the expansion of the Company`s footprint are expected to come to fruition in upcoming reporting periods. Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report an attributable and headline loss of between 5.6 cents and 6.6 cents per share for the year ended 31 December 2011, opposed to a profit of 0,7 cents per share published in the Profit Forecast. The financial information on which this trading statement is based has not been reviewed and reported on by Curro`s auditor. The financial results for the year ended 31 December 2011 are expected to be published on or about 28 February 2012. By order of the Board Durbanville 17 February 2012 Designated adviser Sasfin Capital (A division of Sasfin Bank) Corporate adviser PSG Capital Date: 17/02/2012 17:02:07 Supplied by www.sharenet.co.za 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.
