CURRO HOLDINGS LIMITED - Change statement, distribution of integrated report and notice of annual general meeting

Change statement, distribution of integrated report and notice of annual general meeting

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”)

CHANGE STATEMENT, DISTRIBUTION OF INTEGRATED REPORT AND NOTICE OF ANNUAL
GENERAL MEETING

CHANGE STATEMENT AND DISTRIBUTION OF INTEGRATED REPORT

Shareholders are hereby advised that the audited results of the Company
for the year ended 31 December 2012 have been finalised and contains the
following disclosure modifications to the reviewed results as published on
SENS on Friday, 22 February 2013 (“the Reviewed Results Announcement”).

The disclosure modifications which are not material include the following:

1.   Regrouping of accounts previously disclosed in the Reviewed Results
     Announcement as cash and cash equivalents to trade and other
     receivables in the audited results;
2.   Regrouping of accounts previously disclosed in the Reviewed Results
     Announcement as non-current loans and other financial liabilities to
     current loans and other financial liabilities in the audited results;
3.   Regrouping of accounts previously disclosed in the Reviewed Results
     Announcement as deferred tax to current tax payable in the audited
     results; and
4.   Regrouping of accounts previously disclosed in the Reviewed Results
     Announcement as depreciation to operating expenses in the audited
     results.

For the ease of reference of shareholders, the disclosure modifications to
the Reviewed Results announcement are presented below:

                                Financial      Reviewed
                                               Results
                                Statements     Announcement   Difference
                                R’000          R’000          R’000
Statement of financial
position
Intangible assets               67 560         67 558         2
Trade and other receivables     27 728         26 727         1 001
Cash and cash equivalents       28 504         29 504         (1 000)
Loans and other financial
liabilities non-current         (236 243)      (239 228)      2 985
Loans and other financial
liabilities current             (125 275)      (122 290)      (2 985)
Deferred tax                    (84 329)       (84 633)       304
Current tax payable             (2 216)        (1 912)        (304)
Trade and other payables        (94 345)       (94 342)       (3)
Statement of comprehensive
income
Operating expenses              (312 535)      (312 269)      (266)
Depreciation and amortization   (17 848)       (18 113)       265
Investment revenue              1 502          1 501          1
There is no effect on the profit for the year,       earnings   per   share,
headline earnings per share and net asset value.

Shareholders   are  furthermore   advised  that   the integrated report,
containing the audited annual financial statements for the year ended 31
December 2012, was dispatched to shareholders today, 22 May 2013. The
annual report is also available at www.curro.co.za.

NOTICE OF ANNUAL GENERAL MEETING OF CURRO

Notice is hereby given that the Annual General Meeting of Curro will be
held at Spier Wine Estate, Baden Powell Drive, Stellenbosch, on Friday, 21
June 2013, at 10h30 to transact the business as set out in the notice of
the Annual General Meeting on pages 97 to 104 of the annual report.

The date on which shareholders must be recorded as such in the share
register to be eligible to vote at the Annual General Meeting is Friday,
14 June 2013, with the last day to trade being Friday, 7 June 2013.

Durbanville
22 May 2013

Sponsor
PSG Capital

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