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Wed 28 Mar 2012, 16:03 COH - Curro - Update to Shareholders regarding the Curro Rights Offer and
COH
COH                                                                             
COH - Curro - Update to Shareholders regarding the Curro Rights Offer and       
Specific Issue of Shares to Thembeka Capital Limited and Renewal of Cautionary  
Announcement                                                                    
Curro Holdings Limited                                                          
Incorporated in the Republic of South Africa                                    
Registration Number: 1998/025801/06                                             
Share code: COH                                                                 
ISIN: ZAE000156253                                                              
("Curro" or "the Company")                                                      
UPDATE TO SHAREHOLDERS REGARDING THE CURRO RIGHTS OFFER AND SPECIFIC ISSUE OF   
SHARES TO THEMBEKA CAPITAL LIMITED AND RENEWAL OF CAUTIONARY ANNOUNCEMENT       
Shareholders are referred to the declaration announcement released by the       
Company on 28 February 2012 ("the Declaration Announcement"), in terms of which 
the Company advised that it will proceed with a partially underwritten          
renounceable rights offer ("the Rights Offer") and a specific issue of shares to
Thembeka Capital Limited ("the Specific Issue").                                
In addition to the above, shareholders are also referred to the announcement    
released by the Company on 16 March 2012 relating to the results of the general 
meeting at which meeting special resolutions relating to the conversion (from   
par value to no par value) and increase of the Company`s share capital were     
approved by shareholders ("the Special Resolutions").                           
Following the above, shareholders are hereby advised that the Company is still  
awaiting registration of the Special Resolutions by the Companies and           
Intellectual Property Commission and accordingly, the salient dates and times   
applicable to the Rights Offer and Specific Issue, as set out in the Declaration
Announcement, are no longer applicable.                                         
A further announcement setting out a revised timetable and the pro forma        
financial effects of the Rights Offer and Specific Issue will be made in due    
course.                                                                         
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Shareholders are referred to the renewal of cautionary announcement contained in
the Declaration Announcement and are advised that due to the fact that the      
revised timetable and the pro forma financial effects of the Rights Offer and   
the Specific Issue must still be disclosed, shareholders are advised to continue
exercising caution when dealing in the Company`s securities until a further     
announcement is made                                                            
Durbanville                                                                     
28 March 2012                                                                   
Corporate Adviser                                                               
PSG Capital                                                                     
Designated adviser                                                              
Sasfin Capital                                                                  
(a division of Sasfin Bank Limited)                                             
Date: 28/03/2012 16:03:02 Produced by the JSE SENS Department.                  
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