Rights Offer Results 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”) CURRO RIGHTS OFFER RESULTS Shareholders are referred to the announcements published on the JSE Limited Stock Exchange News Service on 30 March 2016 and 8 April 2016 and the circular dated 19 April 2016 (“Circular”) relating to the Curro rights offer to raise R1 070 603 325 (“Rights Offer”). In terms of the Rights Offer, Curro offered 32 442 525 new Curro ordinary shares (“Rights Offer Shares”) to qualifying Curro ordinary shareholders in the ratio of 9.09091 Rights Offer Share for every 100 Curro ordinary shares held on the Rights Offer record date, being Friday, 22 April 2016. PSG Financial Services Limited (“the Underwriter”) irrevocably undertook to follow its rights entitlement and to underwrite the balance of the Rights Offer. The results of the Rights Offer, which closed on Friday, 13 May 2016, are as follows: Number of Rights % of Rights Offer Shares Offer Shares Rights Offer Shares available 32 442 525 100% for subscription Rights Offer Shares subscribed 31 074 141 95.8% for by Curro shareholders Rights Offer Shares to be 1 368 384 4.2% issued to the Underwriter Shareholders who have subscribed for Rights Offer Shares are referred to the section of the Circular titled “Action Required by Shareholders” in connection with determining the date on which they will receive their Rights Offer Shares. AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015 Shareholders are referred to Curro’s reviewed provisional results for the year ended 31 December 2015 released on SENS on 23 February 2016 (“Results Announcement”) and the subsequent update to the provisional results for the year ended 31 December 2015 released on SENS on 18 April 2016. Shareholders are hereby advised that the Company’s deferred tax asset and liability balances disclosed in the audited financial results for the year ended 31 December 2015 have been modified to be consistent with those balances previously disclosed in the Results Announcement. The relevant modifications had no impact on reported profitability, equity or cash flows. Accordingly, the Company’s consolidated deferred tax asset and liability balances at 31 December 2015 amounted to Rnil (2014: Rnil) and R189 million (2014: R166 million), respectively. Shareholders are hereby advised that the Company’s audited financial statements for the year ended 31 December 2015 are available at www.curro.co.za. Durbanville 16 May 2016 Sponsor PSG Capital Date: 16/05/2016 09:35:00 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.