Net Cash Settlement And Acceptance Of Options By Directors In Terms Of The Company Share Incentive Scheme 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”) NET CASH SETTLEMENT AND ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE COMPANY SHARE INCENTIVE SCHEME NET CASH SETTLEMENT AND EXERCISE OF OPTIONS BY DIRECTORS IN TERMS OF THE COMPANY SHARE INCENTIVE SCHEME Upon the exercise of the share options referred to below, the Company elected to settle on a net cash settlement basis. No shares were traded and therefore there is no obligation to report same. Accordingly, the directors did not receive Curro shares in respect of such options, but only cash. However, in the interest of transparency, the following information regarding the exercise of options is disclosed: 1. NAME OF DIRECTOR AJF Greyling COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R18.24 NUMBER OF OPTIONS EXERCISED 23 475 DATE OF EXERCISE OF OPTIONS 7 October 2019 VESTING DATE OF OPTIONS EXERCISED 28 September 2019 PERIOD OF EXERCISE Participants have a 30-day period from the strike date during which options can be exercised NATURE OF TRANSACTION Exercise of share options by director on the exercise date at the closing price of R19.58 per share, with settlement occurring on a net cash settled basis NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 2. NAME OF DIRECTOR B van der Linde COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares OPTION STRIKE PRICE R18.24 NUMBER OF OPTIONS EXERCISED 19 675 DATE OF EXERCISE OF OPTIONS 7 October 2019 VESTING DATE OF OPTIONS EXERCISED 28 September 2019 PERIOD OF EXERCISE Participants have a 30-day period from the strike date during which options can be exercised NATURE OF TRANSACTION Exercise of share options by director on the exercise date at the closing price of R19.58 per share, with settlement occurring on a net cash settled basis NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE COMPANY SHARE INCENTIVE SCHEME In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of options is disclosed: 1. NAME OF DIRECTOR AJF Greyling COMPANY OF WHICH A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Company Share Incentive Scheme (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 28 October 2019 DATE OF AWARD OF OPTIONS 1 October 2019 OPTION STRIKE PRICE R19.81 NUMBER OF OPTIONS ACCEPTED 474 400 VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25% each, on the following dates: 1 October 2021 1 October 2022 1 October 2023 1 October 2024 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 2. NAME OF DIRECTOR B van der Linde COMPANY OF WHICH A DIRECTOR Curro Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Company Share Incentive Scheme (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 28 October 2019 DATE OF AWARD OF OPTIONS 1 October 2019 OPTION STRIKE PRICE R19.81 NUMBER OF OPTIONS ACCEPTED 297 500 VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25% each, on the following dates: 1 October 2021 1 October 2022 1 October 2023 1 October 2024 PERIOD OF EXERCISE Participants have a 30-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Durbanville 28 October 2019 Sponsor PSG Capital Date: 28/10/2019 04:20:00 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.