Exercise Of Share Options By Directors In Terms Of The Curro Share Incentive Trust 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”) EXERCISE OF OPTIONS BY DIRECTORS IN TERMS OF THE CURRO HOLDINGS SHARE INCENTIVE TRUST In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: NAME OF DIRECTOR CR van der Merwe COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 9 October 2013 (1),(2) OPTION STRIKE PRICE / PRICE PER R4.89 (1) SHARE R19.25 (2) NUMBER OF OPTIONS EXERCISED / 210 792 (1) NUMBER OF SHARES DISPOSED OF 210 792 (2) TOTAL RAND VALUE OF OPTIONS / R1 030 772.88 (1) TOTAL RAND VALUE OF SHARES DISPOSED OF R4 057 746.00 (2) STRIKE DATE OF OPTIONS 28 September 2013 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NAME OF ASSOCIATE Chris van der Merwe Trust RELATIONSHIP WITH DIRECTOR Trustee and beneficiary NATURE OF TRANSACTION Acquisition of shares in Curro Holdings Limited through the exercise of options (Off-market transaction) (1) Disposal of shares(On-market transaction) (2) NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Indirect, beneficial CLEARANCE OBTAINED Yes NAME OF DIRECTOR AJF Greyling COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 9 October 2013 (1),(2) OPTION STRIKE PRICE / PRICE PER R4.89 (1) SHARE R19.25 (2) NUMBER OF OPTIONS EXERCISED / 180 229 (1) NUMBER OF SHARES DISPOSED OF 130 229 (2) TOTAL RAND VALUE OF OPTIONS / R881 319.81 (1) TOTAL RAND VALUE OF SHARES DISPOSED OF R2 506 908.25 (2) STRIKE DATE OF OPTIONS 28 September 2013 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NAME OF ASSOCIATE Greyling Familietrust RELATIONSHIP WITH DIRECTOR Trustee and beneficiary NATURE OF TRANSACTION Acquisition of shares in Curro Holdings Limited through the exercise of options (Off-market transaction) (1) Disposal of shares(On-market transaction) (2) NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Indirect, beneficial CLEARANCE OBTAINED Yes NAME OF DIRECTOR B van der Linde COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 9 October 2013 OPTION STRIKE PRICE R4.89 NUMBER OF OPTIONS EXERCISED 102 346 TOTAL RAND VALUE OF OPTIONS R500 471.94 STRIKE DATE OF OPTIONS 28 September 2013 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE OF TRANSACTION Acquisition of shares in Curro Holdings Limited through the exercise of options (Off-market transaction) NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, beneficial CLEARANCE OBTAINED Yes NAME OF DIRECTOR HG Louw COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 9 October 2013 (1),(2) OPTION STRIKE PRICE / PRICE PER R4.89 (1) SHARE R19.25 (2) NUMBER OF OPTIONS EXERCISED / 122 935 (1) NUMBER OF SHARES DISPOSED OF 122 935 (2) TOTAL RAND VALUE OF OPTIONS / R601 152.15 (1) TOTAL RAND VALUE OF SHARES DISPOSED OF R2 366 498.75 (2) STRIKE DATE OF OPTIONS 28 September 2013 PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE OF TRANSACTION Acquisition of shares in Curro Holdings Limited through the exercise of options (Off-market transaction) (1) Disposal of shares (On-market transaction) (2) NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, beneficial CLEARANCE OBTAINED Yes Durbanville 11 October 2013 Sponsor PSG Capital Date: 11/10/2013 02:30:00 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.