CURRO HOLDINGS LIMITED - Cash Payment in respect of Fractional Entitlements

Cash Payment in respect of Fractional Entitlements

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")


CASH PAYMENT IN RESPECT OF FRACTIONAL ENTITLEMENTS


All capitalised terms used but not defined in this announcement shall bear the meanings
ascribed to them in the Circular.

Curro Shareholders are referred to various announcements the last of which was released on
SENS on Tuesday, 23 December 2025 in relation to the acquisition by the Jannie Mouton
Stigting of all of the ordinary shares in Curro and the subsequent delisting of the ordinary
shares of Curro from the JSE Limited.

Where a Scheme Participant's entitlement to the Consideration Shares in terms of the Scheme
of Arrangement, calculated in accordance with the respective ratios, gives rise to a fraction of
a Capitec Share and/or the PSG Financial Services Share, such fraction will be rounded down
to the nearest whole number, resulting in allocations of whole Capitec Shares and/or and PSG
Financial Services Shares and a cash payment for the fraction to Shareholders.

As detailed the Circular and in accordance with the JSE Listings Requirements, the weighted
average traded price, or an approximate price in the absence of trading, for a Capitec Share
and/or a PSG Financial Services Share on the Scheme Last Day to Trade ("LDT"), plus one
business day less 10% has been used to calculate the cash value in respect of the respective
fractions of Capitec Shares and/or PSG Financial Services Shares to be paid to the applicable
Shareholders, as detailed below –


                                 VWAP on LDT +1        Amount that will be used to determine
                                                        the cash payment for the Fractional
                                                         Entitlements (i.e. VWAP on LDT+1
                                                                     less 10%)

 Capitec Share                      4180.85015                      3762.76514
 PSG Financial Services              27.06967                        24.36270
 Share


The fractional entitlements will be delivered in aggregate to each CSDP and they will be
responsible for the payment of the cash fractional payment to Shareholders, which will be
funded through the disposal of the fractional entitlements on behalf of the relevant
Shareholders on the market.
Cash payment of the fractional entitlements will be made on Monday, 12 January 2026 to the
CSDP or Broker accounts of Dematerialised Shareholders or to the bank accounts of
Certificated Shareholders.

Bellville
8 January 2026

Transaction Advisor and Sponsor
PSG Capital

Legal Advisor
Cliffe Dekker Hofmeyr Inc.

Independent Sponsor
BSM Sponsors

Date: 08-01-2026 11:00:00
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.