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. The Company hereby advises that a reasonable degree of certainty exists that for the six months ended 30 June 2018: - headline earnings per share (“HEPS”) will be between 32.3 cents and 34.2 cents, representing an increase of between 20% and 27% compared to the HEPS of 26.9 cents reported for the six months ended 30 June 2017; and - earnings per share (“EPS”) will be between 32.3 cents and 34.2 cents, representing an increase of between 19% and 26% compared to the EPS of 27.2 cents reported for the six months ended 30 June 2017. As previously announced, Curro unbundled its subsidiary Stadio Holdings Proprietary Limited (“Stadio”) on 3 October 2017 and Stadio is reported as a discontinued operation. The Company’s continued operations, being the Curro schools business, is expected to report HEPS and EPS for the six months ended 30 June 2018 of between 32.3 cents and 34.2 cents per share compared to the 27.6 cents per share achieved for the prior corresponding period, being an increase of between 17% and 24%. The financial information on which this trading statement is based has not been reviewed or reported on by the auditor of the Company. The audited results for the six months ended 30 June 2018 are expected to be published on or about 14 August 2018. Durbanville 23 July 2018 Sponsor PSG Capital Date: 23/07/2018 03:15:00 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.