TRENCOR LIMITED - Vesting and Distribution to Trencor of The Shares in Halco Holdings

Vesting and Distribution to Trencor of The Shares in Halco Holdings

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1955/002869/06)
Share code: TRE
ISIN: ZAE000007506
(“Trencor”)

VESTING AND DISTRIBUTION TO TRENCOR OF THE SHARES IN HALCO HOLDINGS

Further to previous notifications issued by Trencor, shareholders are advised that, on 20 February 2018,
Trencor, as a nominated discretionary beneficiary of the Halco Trust, received a vesting and distribution from
the Halco Trust (“Trust”) of the entire issued share capital of Halco Holdings Inc. (“Halco”). Halco is the
holder of 48% of the shares in Textainer Group Holdings Limited (NYSE: TGH) (“Textainer”) and 100% of the
shares in unlisted TAC Limited (“TAC”).

Before the vesting and distribution were effected, as is customary in the Trust’s jurisdiction Trencor had to
provide an indemnity to inter alia the trustee of the Trust (“Trustee”). The indemnity terminates on
31 December 2024. The maximum exposure is limited to the value of the assets distributed which in
substance leaves the Trustee in the same position as it enjoyed under the Deed of Settlement of the Trust.

In relation to possible further steps in the simplification of Trencor’s interests, including the unbundling of the
Textainer and TAC shares held by Halco to Trencor, each one of the parties involved continues
independently to seek professional advice in exploring its own position, including applicable local regulatory
and legal considerations, and shareholders will be advised of further developments as appropriate.

Trencor Services Proprietary Limited
Secretaries

22 February 2018

Transactional Sponsor
Investec Bank Limited
www.trencor.net

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