Curro Holdings Limited announced that Mr. Andries Greyling will retire as the chief executive officer of the Company with effect from 1 January 2023, in order to pursue other interests. Andries will remain available to the Company whenever required until June 2023. The Board has resolved that the current chief financial officer ("CFO") of the Company, Mr. Cobus Loubser ("Cobus"), be appointed as CEO, with effect from 1 January 2023.

Cobus will remain CFO in the interim, until a new fulltime appointment is made. The Board will advise shareholders in due course once a permanent replacement for the role of CFO has been identified and appointed. Cobus was appointed as an executive director and the CFO of Curro on 1 January 2021.

Cobus is a chartered accountant and has broad leadership and commercial experience, having started his career at KMPG Inc., served as the financial manager of Virgin Active SA for four years, and held the CFO position for 11 years at Holdsport Limited until it was acquired by Long4Life Limited in 2017 and delisted. He then became the CEO of Long4Life's Sport and Recreation division, which he left at the end of 2020 to join Curro.