CURRO HOLDINGS LIMITED - Voluntary announcement: Curro expands further with another acquisition

Voluntary announcement: Curro expands further with another acquisition

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” or “the Group”)

VOLUNTARY ANNOUNCEMENT: CURRO EXPANDS FURTHER WITH ANOTHER ACQUISITION

Curro, the JSE listed private schools group, today announced the acquisition of yet another quality private
school as part of its blueprint for further expansion this year.

The Group’s latest acquisition is Waterstone College which has 1 210 learners, situated in Johannesburg
South. The school will be part of Curro’s quality branded Select Schools, following the acquisition of
Woodhill College in Pretoria East in November 2011 and Grantleigh in KZN in December last year.

Curro currently has 31 private school campuses under its banner, accommodating approximately 28 000
learners. This includes 950 students at the Embury Institute for Teacher Education (EITE) based in KZN.

The construction of ten new Curro schools country-wide is also currently taking place, with the intention
of opening these schools in January 2015.

“With these schools under construction and opportunities for further acquisitions always in the offing,
Curro is now well poised to reach its initial undertaking as set out in the pre-listing statement dated 26
May 2011 of 40 schools by 2020, five years ahead of schedule.”

The acquisition of more than 20 sites for the future development of school campuses is on track and
progressing as planned. Additions to existing campuses to accommodate the demand for enrolments are
also well under way.

Shareholders of Curro are advised that the acquisition of Waterstone College does not constitute a
reportable transaction in terms of section 9 of the JSE Listings Requirements and accordingly this
announcement is made on a voluntary basis.

29 May 2014
Sponsor
PSG Capital

Media enquiries

Dr Chris van der Merwe
Tel: (021) 979 1204/5
Cell: 082 463 9148
E-mail: chrisdr@vodamail.co.za

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