CURRO HOLDINGS LIMITED - Acceptance of options by directors in terms of the Curro Holdings Limited share incentive scheme

Acceptance of options by directors in terms of the Curro Holdings Limited share incentive scheme

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”)

ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE CURRO HOLDINGS LIMITED
SHARE INCENTIVE SCHEME

In compliance with rules 3.63 to 3.74 of the JSE            Limited   Listings
Requirements, the following information is disclosed:

 NAME OF DIRECTOR                  Chris van der Merwe
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   25 November 2013
 OPTION STRIKE PRICE (CENTS)       1 961
 NUMBER OF OPTIONS ALLOCATED       401 575
 TOTAL RAND VALUE OF OPTIONS       R7 874 885.75
 STRIKE DATES OF OPTIONS           29 September 2015; 29 September
                                   2016; 29 September 2017; 29
                                   September 2018*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

 NAME OF DIRECTOR                  Bernardt van der Linde
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   25 November 2013
 OPTION STRIKE PRICE (CENTS)       1 961
 NUMBER OF OPTIONS ALLOCATED       171 925
 TOTAL RAND VALUE OF OPTIONS       R3 371 449.25
 STRIKE DATES OF OPTIONS           29 September 2015; 29 September
                                   2016; 29 September 2017; 29
                                   September 2018*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

 NAME OF DIRECTOR                  Hennie Louw
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   25 November 2013
 OPTION STRIKE PRICE (CENTS)       1 961
 NUMBER OF OPTIONS ALLOCATED       182 912
 TOTAL RAND VALUE OF OPTIONS       R3 586 904.32
 STRIKE DATES OF OPTIONS           29 September 2015; 29 September
                                   2016; 29 September 2017; 29
                                   September 2018*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

 NAME OF DIRECTOR                  Andries Greyling
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   25 November 2013
 OPTION STRIKE PRICE (CENTS)       1 961
 NUMBER OF OPTIONS ALLOCATED       237 198
 TOTAL RAND VALUE OF OPTIONS       R4 651 452.78
 STRIKE DATES OF OPTIONS           29 September 2015; 29 September
                                 2016; 29 September 2017; 29
                                 September 2018*
 PERIOD OF EXERCISE              Participants have a 30 day period
                                 from the respective strike dates
                                 during which options can be
                                 exercised
 NATURE OF TRANSACTION           Acceptance of options to subscribe
                                 for ordinary shares in terms of a
                                 share incentive scheme
                                 (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION              Direct beneficial
 CLEARANCE OBTAINED              Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

Durbanville
25 November 2013

Sponsor
PSG Capital

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