Notice to Noteholders CURRO HOLDINGS LIMITED Stock Code: COH001 ISIN Code: ZAG000110974 NOTICE TO NOTEHOLDERS IN ACCORDANCE WITH CONDITION 19.3 (NOTICES) OF THE TERMS AND CONDITIONS OF THE ISSUER’S ZAR2,000,000,000 DOMESTIC MEDIUM TERM NOTE PROGRAMME In accordance with Condition 19.3 (Notices) of the terms and conditions (the “Terms and Conditions”) in the Programme Memorandum dated 18 November 2013, as amended or supplemented from time to time, notice is hereby given by the Issuer to the Noteholders for purposes of advising the Noteholders of the following: 1. that pursuant to Condition 8.6 Resignation of a Guarantor) of the Terms and Conditions and Clause 19 of the Guarantee, Aurora College Proprietary Limited confirmed its resignation as Guarantor to the Issuer on 14 February 2014; 2. that Aurora College Proprietary Limited’s release from its obligations under the Guarantee, as a Guarantor, was confirmed by the Issuer with effect from 14 February 2014; and 3. that pursuant to Condition 8.5 (Additional Guarantors) of the Terms and Conditions, Plot One Hundred Bush Hill Proprietary Limited, Stratland Developments Proprietary Limited and Dream Park Village Proprietary Limited have acceded as Guarantors to the Guarantee with effect from 14 February 2014. This Notice is being delivered to Strate Limited and the JSE Limited in accordance with Condition 19.3 (Notices) (as read with Conditions 8.5.3 and 8.6.2) of the Terms and Conditions. Dated 14 February 2014 Debt Sponsor PSG Capital (Pty) Ltd Date: 14/02/2014 04:45:00 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.