Trading Statement And Restatement Of Prior Year Interim Results 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 AND RESTATEMENT OF PRIOR YEAR INTERIM RESULTS 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. For purposes of this trading statement it is necessary to compare the earnings per share (“EPS”) and the headline earnings per share (“HEPS”) for the six-month period ended 30 June 2019 to the restated figures for the six-month period ended 30 June 2018 as set out below. Accordingly, the Company hereby advises that a reasonable degree of certainty exists that for the six months ended 30 June 2019: - HEPS will be between 49.0 cents and 51.0 cents, representing an increase of between 41% and 47% compared to the restated headline earnings per share of 34.8 cents for the six months ended 30 June 2018; and - EPS will be between 56.0 cents and 58.0 cents, representing an increase of between 61% and 67% compared to the restated earnings per share of 34.8 cents for the six months ended 30 June 2018. Included in the results for the six months ended 30 June 2019 is a non-recurring deferred tax liability adjustment of R53 million which equates to a once off increase of 12.9 cents per share for both HEPS and EPS. Excluding the once off deferred tax liability adjustment as mentioned above, there is a reasonable degree of certainty that the Company’s recurring HEPS is expected to be between 36.0 cents and 38.0 cents, representing an increase of between 3% and 9% compared to the restated headline earnings per share of 34.8 cents reported for the six months ended 30 June 2018. Shareholders are further advised that in current challenging trading conditions the Company was able to increase revenue and sustain its EBIT and EBITDA margins at levels achieved in the previous corresponding period. RESTATEMENT OF PRIOR YEAR INTERIM RESULTS The Company’s initial assessment on the adoption of IFRS 9 and IFRS 15 (“New Standards”) as at 30 June 2018 indicated that the transitional adjustments would be immaterial and accordingly no transitional adjustments were processed in Curro’s interim results for the period ended 30 June 2018, as published during August 2018. However, the Company’s subsequent reassessment of the impact of the adoption of the New Standards resulted in transitional adjustments being processed in Company’s results for year ended 31 December 2018, as published during February 2019. Therefore the Company’s results for the six months ended 30 June 2018 had to be restated to account for the impact of the New Standards as set out below. Previously reported Restated results results 30 June 2018 30 June 2018 cents cents EPS 33.6 34.8 HEPS 33.6 34.8 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 2019 are expected to be published on or about 14 August 2019. Durbanville 6 August 2019 Sponsor PSG Capital Date: 06/08/2019 12:00:00 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.