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TTO - Trustco Group Holdings Limited - Voluntary announcement: Trustco extends tender opportunity for the informante newspaper. 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 "the Group" or "Trustco") Voluntary Announcement: Trustco Extends Tender Opportunity for the Informante newspaper. The Company announces its intention to sell 100% of its interest in the weekly publication, Informante, via a public tender process. The Informante was established 10 years ago and initially served as an in-house publication for Legal Shield Namibia Limited, a subsidiary of Trustco. The paper quickly progressed into a tabloid newspaper during 2003. Sixty five thousand copies are currently distributed for free in Namibia. During the papers` tenor it has won numerous awards. It has also unearthed various cases of corruption, cases of abuse against women and children and has focused on the plight of marginalised groups in Namibia. In order to give all interested parties an equal opportunity to own part of the Informante, the Board has resolved to offer the newspaper for sale to the public, individuals or other interested groups. 30% of the equity will remain vested in individuals, including current staff that have helped to develop the Informante to what it is today. Neville Basson the Head of Trustco Media said "although the Informante was sometimes controversial it never failed to encourage the public to openly discuss issues that needed to be in the public domain". Quinton van Rooyen, Group Managing Director said "the selling of the newspaper is in line with the strategy of the Group to divest itself from non-core activities and assets. The rolling out of the Trustco micro-insurance and micro- finance model in the rest of Africa, requires the undivided focus of the management team in Namibia". By order of the Board PJ Miller Company Secretary Windhoek, 07 February 2011 JSE Sponsor QuestCo Sponsors (Pty) Ltd NSX Sponsor IJG Securities (Pty) Ltd Date: 07/02/2011 16:18:01 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.
