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CURRO HOLDINGS LIMITED - CURRO ACQUIRES THE KINGS SCHOOL LINBRO PARK AND LAND OF OZ NURSERY SCHOOLS

03 December 2019 - 07:00 AM
COH
CURRO ACQUIRES THE KINGS SCHOOL LINBRO PARK AND LAND OF OZ NURSERY SCHOOLS

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)


CURRO ACQUIRES THE KINGS SCHOOL LINBRO PARK AND LAND OF OZ NURSERY
SCHOOLS


The board of directors of Curro is pleased to advise shareholders that the Company has concluded
agreements to acquire The Kings School Linbro Park (Kings School Acquisition) and two
nursery schools known as Land of Oz (Land of Oz Acquisition) from two different vendors.
Although these acquisitions may not be material, they are strategic from a footprint and/or
operational perspective.

The Kings School Acquisition

The Kings School is a well-known private school situated in Linbro Park, Sandton and was founded
in 1986 by Love Reaching Communities Church (then known as Waverley New Covenant). The
Kings School provides educational services to learners from Grade 000 (pre-school) to Grade 12,
currently comprising of approximately 390 enrolled learners.

Curro has plans to further develop the Kings School campus to create additional capacity for
approximately 900 additional learners.

The Kings School Acquisition is subject to the fulfilment of certain conditions precedent, none of
which are material or likely to impact the implementation of the transaction.

The Land of Oz Acquisition

Land of Oz are well-known nursery schools and were founded in 1987. The Land of Oz nursery
schools comprise of two campuses, Fourways and Chartwell, catering for approximately 240
children.

Curro has plans to further develop the Chartwell campus and to construct a private primary and
high school for up to 1 300 learners.

Both acquisitions are aligned with Curros intention to expand its geographical footprint in Gauteng
and to extend its education offering.

Both acquisitions are uncategorised in terms of the JSE Limited Listings Requirements, and the
information contained in this announcement has been voluntarily disclosed by the Company.

3 December 2019

Transaction Adviser and Sponsor
PSG Capital

Date: 03-12-2019 08:00:00
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