CURRO HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT

CAUTIONARY ANNOUNCEMENT

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”)

CAUTIONARY ANNOUNCEMENT

Shareholders are hereby advised that the Company has entered into
negotiations, which if successfully concluded, may have a material effect
on the price of the Company’s securities. Accordingly, shareholders are
advised to exercise caution when dealing in the Company’s securities until
a full announcement is made.

Durbanville
24 July 2012

Sponsor and Corporate adviser
PSG Capital

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