CURRO HOLDINGS LIMITED - Curros credit rating affirmed with stable outlook

Curro’s credit rating affirmed with stable outlook

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06) JSE
Share Code: COH
ISIN: ZAE000156253
LEI: 378900E237CB40F0BF96
Company Alpha Code: COHI
("Curro" or "the Company")

CURRO'S CREDIT RATING AFFIRMED WITH STABLE OUTLOOK

GCR Ratings ("GCR") recently affirmed both the long- and short-term national scale issuer
ratings assigned to Curro at A(ZA) and A1(ZA) respectively, with a Stable Outlook.

Curro's ratings affirmation reflects its improved operating performance, solid competitive
position, modest gearing levels and good liquidity. The Stable Outlook reflects GCR's
expectation that Curro will benefit from firm revenue and earnings growth, supported by
favourable demand trends in the private education market.

The full GCR credit rating announcement is available on Curro's website at
https://www.curro.co.za/investor-relations/main/curro-credit-ratings/.

Durbanville
12 June 2024

Equity and Debt Sponsor
PSG Capital

Date: 12-06-2024 10:30:00
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