Net Cash Settlement And Directors Dealing 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”) NET CASH SETTLEMENT AND DIRECTORS DEALING NET CASH SETTLEMENT AND EXERCISE OF OPTIONS BY A DIRECTOR IN TERMS OF THE COMPANY SHARE INCENTIVE SCHEME Upon the exercise of the share options referred to below, the Company elected to settle on a net cash settlement basis, no shares were traded and therefore there is no obligation to report same. Accordingly, directors did not receive Curro shares in respect of such options, but have received only cash. However in the interest of transparency, the following information regarding the exercise of options is disclosed: 1. NAME OF DIRECTOR AJF Greyling COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R11.51 (1) R18.24 (2) NUMBER OF OPTIONS EXERCISED 59 298 (1) 23 475 (2) DATE OF TRANSACTION 15 October 2018 (1) 15 October 2018 (2) VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1) 28 September 2018 (2) PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE OF TRANSACTION Exercise of share options by director at the closing price on the exercise date of R26.50 per share, with settlement occurring on a net cash settled basis NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 2. NAME OF DIRECTOR B van der Linde COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R11.51 (1) R18.24 (2) NUMBER OF OPTIONS EXERCISED 42 982 (1) 19 675 (2) DATE OF TRANSACTION 15 October 2018 (1) 15 October 2018 (2) VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1) 28 September 2018 (2) PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE OF TRANSACTION Exercise of share options by director at the closing price on the exercise date of R26.50 per share, with settlement occurring on a net cash settled basis NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 3. NAME OF DIRECTOR HG Louw COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R11.51 (1) R18.24 (2) NUMBER OF OPTIONS EXERCISED 45 728 (1) 15 875 (2) DATE OF TRANSACTION 15 October 2018 (1) 15 October 2018 (2) VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1) 28 September 2018 (2) PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE OF TRANSACTION Exercise of share options by director at the closing price on the exercise date of R26.50 per share, with settlement occurring on a net cash settled basis NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 4. NAME OF DIRECTOR CR van der Merwe COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Non - Executive TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R11.51 (1) R18.24 (2) NUMBER OF OPTIONS EXERCISED 100 393 (1) 33 550 (2) DATE OF TRANSACTION 15 October 2018 (1) 15 October 2018 (2) VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1) 28 September 2018 (2) PERIOD OF EXERCISE Participants have a 30 day period from the strike date during which options can be exercised NATURE OF TRANSACTION Exercise of share options by director at the closing price on the exercise date of R26.50 per share, with settlement occurring on a net cash settled basis NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION ACCEPTANCE OF OPTIONS BY A DIRECTOR IN TERMS OF THE COMPANY SHARE INCENTIVE SCHEME In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of options is disclosed: 1. NAME OF DIRECTOR AJF Greyling COMPANY OF WHICH A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Company Share Incentive Scheme (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 1 November 2018 DATE OF AWARD OF OPTIONS 28 September 2018 OPTION STRIKE PRICE R30.54 NUMBER OF OPTIONS ACCEPTED 109 300 VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25% each, on the following dates: 28 September 2020 28 September 2021 28 September 2022 28 September 2023 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 2. NAME OF DIRECTOR B van der Linde COMPANY OF WHICH A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Company Share Incentive Scheme (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 1 November 2018 DATE OF AWARD OF OPTIONS 28 September 2018 OPTION STRIKE PRICE R30.54 NUMBER OF OPTIONS ACCEPTED 96 500 VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25% each, on the following dates: 28 September 2020 28 September 2021 28 September 2022 28 September 2023 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 3. NAME OF DIRECTOR HG Louw COMPANY OF WHICH A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Company Share Incentive Scheme (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 1 November 2018 DATE OF AWARD OF OPTIONS 28 September 2018 OPTION STRIKE PRICE R30.54 NUMBER OF OPTIONS ACCEPTED 88 800 VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25% each, on the following dates: 28 September 2020 28 September 2021 28 September 2022 28 September 2023 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Durbanville 2 November 2018 Sponsor PSG Capital Date: 02/11/2018 05:00:00 Produced by the JSE SENS Department. 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