29 Sep - 2 min read

Competition Tribunal Approves Curro’s Acquisition Of Heronbridge College – Acquisition Unconditional

Competition Tribunal Approves Curro’s Acquisition Of Heronbridge College – Acquisition Unconditional

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
JSE Debt Code: COHI
ISIN: ZAE000156253
(“Curro” or “the Company” or “the group”)

COMPETITION TRIBUNAL APPROVES CURRO’S ACQUISITION OF HERONBRIDGE COLLEGE – ACQUISITION UNCONDITIONAL

Shareholders are referred to the SENS announcement published on 12 May 2021, notifying
the market of Curro’s acquisition of HeronBridge College, subject to relevant regulatory
approval.

The Company is pleased to announce that the Competition Tribunal has conditionally
approved the group’s acquisition of HeronBridge College.

The school, which celebrates its 20th birthday this year, provides high-quality, independent
education to learners from grade 0000 – grade 12 (IEB) and will form part of Curro’s Select
schools’ model. This means that the ethos and identity of the school will remain untouched,
although learners and parents could over time see some changes in infrastructure to align
with future growth strategies.

The acquisition is aligned with Curro’s intention to expand the group’s geographical footprint
and to extend its education offering in accordance with its vision of making independent
education accessible to all South Africans.

The acquisition is now unconditional and will be implemented in due course.

Commenting on the approval of the acquisition, Curro Chief Executive Officer, Andries
Greyling, notes, “HeronBridge College’s intentional approach to teaching has ensured
extraordinary educational achievements for the school over the years and we are delighted
to officially welcome this educational stronghold to our stable.”

Durbanville
29 September 2021

Transaction Adviser and JSE Equity and Debt Sponsor
PSG Capital

Independent Joint JSE Equity Sponsor
UBS South Africa

Date: 29-09-2021 02:00:00
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