Voluntary Announcement: Curro’s Tertiary-Education Business Chief Executive Officer Appointment 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”) VOLUNTARY ANNOUNCEMENT: CURRO’S TERTIARY-EDUCATION BUSINESS CHIEF EXECUTIVE OFFICER APPOINTMENT Curro is pleased to announce that Dr Chris van der Merwe has been appointed as the Group Chief Executive Officer of Curro’s tertiary education business, Stadio Holdings Proprietary Limited (“Stadio Holdings”), with effect from 1 July 2017. Stadio Holdings is an investment company which focuses on expansion and development in the tertiary education space, through its various brands. The vision of Stadio Holdings is to widen access to tertiary education through both contact and distance learning. As announced on SENS on 28 February 2017, Dr Chris van der Merwe will continue to serve as a non-executive director on the board of directors of Curro and will act as strategic advisor to Curro with effect from 1 July 2017. Curro herewith re-affirms its intention to unbundle and list Stadio Holdings separately during the course of this year. Shareholders are advised that further details in respect of such unbundling and listing will be released on SENS in due course. Durbanville 6 June 2017 Sponsor PSG Capital Proprietary Limited Date: 06/06/2017 07:05:00 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.