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: 1. 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 28 November 2014 OPTION STRIKE PRICE (CENTS) 2 558 NUMBER OF OPTIONS ALLOCATED 134 200 TOTAL RAND VALUE OF OPTIONS R3 432 836.00 STRIKE DATES OF OPTIONS 29 September 2016; 29 September 2017; 29 September 2018; 29 September 2019* 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. 2. 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 28 November 2014 OPTION STRIKE PRICE (CENTS) 2 558 NUMBER OF OPTIONS ALLOCATED 93 900 TOTAL RAND VALUE OF OPTIONS R2 401 962.00 STRIKE DATES OF OPTIONS 29 September 2016; 29 September 2017; 29 September 2018; 29 September 2019* 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. 3. 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 28 November 2014 OPTION STRIKE PRICE (CENTS) 2 558 NUMBER OF OPTIONS ALLOCATED 78 700 TOTAL RAND VALUE OF OPTIONS R2 013 146.00 STRIKE DATES OF OPTIONS 29 September 2016; 29 September 2017; 29 September 2018; 29 September 2019* 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. 4. 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 28 November 2014 OPTION STRIKE PRICE (CENTS) 2 558 NUMBER OF OPTIONS ALLOCATED 63 500 TOTAL RAND VALUE OF OPTIONS R1 624 330.00 STRIKE DATES OF OPTIONS 29 September 2016; 29 September 2017; 29 September 2018; 29 September 2019* 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. 5. NAME OF COMPANY SECRETARY Ronell van Rensburg COMPANY OF WHICH I AM A COMPANY SECRETARY Curro Holdings Limited STATUS:EXECUTIVE/NON-EXECUTIVE Company Secretary TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Curro Holdings Limited DATE OF SHARE OPTION ACCEPTANCE 28 November 2014 OPTION STRIKE PRICE (CENTS) 2 558 NUMBER OF OPTIONS ALLOCATED 96 100 TOTAL RAND VALUE OF OPTIONS R2 458 238.00 STRIKE DATES OF OPTIONS 29 September 2016; 29 September 2017; 29 September 2018; 29 September 2019* 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 2 December 2014 Sponsor PSG Capital Date: 02/12/2014 08:19:00 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.