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TTO - Trustco Group Holdings Limited - Voluntary announcement relating to

Release Date: 20/04/2011 14:50
Code(s): TTO
Wrap Text

TTO - Trustco Group Holdings Limited - Voluntary announcement relating to Trustco Mobile (PTY) Ltd TRUSTCO GROUP HOLDINGS LIMITED Incorporated in the Republic of Namibia (Registration number 2003/058) NSX share code: TUC JSE share code: TTO ISIN Number: NA000A0RF067 ("the Company" or "Trustco") Voluntary Announcement Relating To Trustco Mobile (Pty) Ltd Shareholders are advised that EcoLife, the joint venture between Econet Wireless Zimbabwe, First Mutual Life Zimbabwe and Trustco Mobile ("Trustco Mobile"), has reached 1.7 million registered subscribers as of today, with growth continuing at approximately 5000 new subscribers daily. The effect of the disconnection of mobile subscribers by the Postal and Telecommunications Regulatory Authority of Zimbabwe from 1 April 2011, is expected to have no material negative impact on Trustco Mobile`s revenue for the period ending 31 March 2012. To date, no material negative effect has been observed. The situation is being monitored closely and any material change will be communicated to shareholders via SENS. By order of the Board J Bazuin Company Secretary Windhoek, 20 April 2011 JSE Sponsor QuestCo Sponsors (Pty) Ltd NSX Sponsor IJG Securities (Pty) Ltd Date: 20/04/2011 14:50:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.