CURRO HOLDINGS LIMITED - Trading Statement

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 JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

Accordingly, the Company hereby advises that a reasonable degree of certainty exists that for
the six months ended 30 June 2020:

    -   Recurring headline earnings per share (“RHEPS”) will be between 38.3 cents and
        42.0 cents, representing an increase of between 3% and 13% compared to the RHEPS
        of 37.1 cents for the six months ended 30 June 2019;

    -   Headline earnings per share (“HEPS”) will be between 36.0 cents and 41.0 cents,
        representing a decrease of between 18% and 28% compared to the HEPS of
        50.0 cents for the six months ended 30 June 2019. The previous period HEPS
        included a non-recurring R53m tax reversal (a profit) and the current period includes a
        non-recurring R7m acquisition cost which results in the key difference between RHEPS
        and HEPS; and

    -   Earnings per share (“EPS”) will be between 19.9 cents and 25.6 cents, representing a
        decrease of between 55% and 65% compared to the EPS of 56.9 cents for the six
        months ended 30 June 2019. The previous period EPS included a bargain purchase
        profit of R28m and the current period includes an impairment of R67m which results in
        the key difference between HEPS and EPS;

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The results for the six months ended 30 June
2020 are expected to be published on or about 19 August 2020.

Durbanville
7 August 2020

Sponsor
PSG Capital

Joint independent sponsor
UBS South Africa

Date: 07-08-2020 07:05:00
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