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Further Transaction Update Announcement
CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Equity Alpha Code: COH
ISIN: ZAE000156253
LEI: 378900E237CB40F0BF96
JSE Debt Alpha Code: COHI
("Curro" or " the Company")
FURTHER TRANSACTION UPDATE ANNOUNCEMENT
All capitalised terms used but not defined in this announcement shall bear the meanings
ascribed to them in the Circular.
Curro shareholders ("Shareholders") are referred to the announcements released on SENS
and the combined circular ("Circular") distributed to Shareholders on 2 October 2025,
advising that, subject to the fulfilment (or where applicable, waiver) of certain Suspensive
Conditions, the Jannie Mouton Stigting ("Offeror") intends to acquire all of the issued shares
of Curro by way of a scheme of arrangement and to thereafter delist Curro from the JSE.
By way of update, the only suspensive condition to the Proposed Transaction which remains
outstanding is approval from the South African Competition Authorities on an unconditional
basis, or on conditions acceptable to the Offeror. In this regard, Shareholders are advised that
there has been engagement with the South African Competition Commission and the
Department of Trade, Industry and Competition ("DTIC"), following which the Offeror has
agreed to grant the South African Competition Commission an extension of 10 Business Days,
to allow the DTIC additional time to provide its feedback.
Given the extension required by the South African Competition Commission, the salient dates
and times set out in the Circular will need to be revised. A revised timetable will be announced
on SENS as soon as possible, and is solely dependent on timeous feedback being received
from the DTIC and approval from the South African Competition Authorities.
The Independent Board individually and collectively accepts full responsibility for the accuracy
of the information contained in this announcement. In addition, the Independent Board certifies
that to the best of its knowledge and belief, the information contained in this announcement
solely pertaining to the Company is true and, where appropriate, does not omit anything that
is likely to affect the importance of the information contained herein, and that all reasonable
enquiries to ascertain such information have been made.
Durbanville
18 November 2025
Transaction Advisor and Sponsor
PSG Capital
Legal Advisor
Cliffe Dekker Hofmeyr Inc.
Independent Sponsor
BSM Sponsors
Date: 18-11-2025 10:00:00
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