Trading Statement 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”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous comparable period. Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that the Company’s earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 December 2015 will be between 26,5 cents and 29,0 cents per share compared to the 17,2 cents (restated from 17,7 cents as a result of the rights issue in May 2015) achieved for the prior corresponding period, being an increase of between 54% and 69%. The rights issue concluded during May 2015 requires the results for the corresponding year ended 31 December 2014 to be restated. Based on the previous published EPS and HEPS of 17,7 cents for the prior corresponding period, Curro expects an increase of between 50% and 64% in EPS and HEPS. The financial information on which this trading statement is based has not been reviewed and reported on by Curro’s auditor. The financial results for the year ended 31 December 2015 are expected to be published on or about 23 February 2016. By order of the Board Durbanville 27 January 2016 Sponsor PSG Capital Date: 27/01/2016 03:30:00 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.