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TRENCOR LIMITED - Net Asset Value (NAV) of Trencor

Release Date: 10/05/2017 10:05
Code(s): TRE     PDF:  
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Net Asset Value (”NAV”) of Trencor

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

NET ASSET VALUE (”NAV”) OF TRENCOR

Following the release of Trencor’s Reviewed Provisional Results for the year ended
31 December 2016 on the Stock Exchange News Service on 28 April 2017, Trencor has
received requests from investors for the provision of a breakdown of its NAV.

Based on the spot exchange rate of US$1 = R13,58 and the price of Textainer’s shares listed
on the NYSE on 31 December 2016 (US$7,45), the NAV of Trencor at that date was as
follows:
                                                                R million       R per share
  Beneficiary interest in Textainer                               2 759,8             15,58
  Beneficiary interest in TAC (US GAAP NAV)                       1 069,0              6,04
  Cash                                                            1 488,8              8,40
  Net assets (includes TAC IFRS adjustments)                        238,1              1,35
                                                                  5 555,7             31,37

These rand amounts have been prepared by management and are unaudited.

Trencor Services (Pty) Ltd
Secretaries
10 May 2017

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

www.trencor.net

Date: 10/05/2017 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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