TRUSTCO GROUP HOLDINGS LIMITED - Trustco awarded Namibian Dollar currency investment grade ratings

Trustco awarded Namibian Dollar currency investment grade ratings

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
(“Trustco” or “the Group”)

Trustco Group Holdings Limited awarded Namibian Dollar currency
investment grade ratings

Trustco Group Holdings Limited is pleased to announce that
Global Credit Rating Co (“GCR”) (http://globalratings.net) has
awarded it an initial Namibian Dollar currency long BBB-
(triple B minus) and short term rating of) A3 (A three), with a
stable outlook.

Shareholders are further advised that according to GCR, the
rating signifies satisfactory liquidity and adequate protection
factors and was underpinned by low gearing, strong
capitalisation and a solid earnings track record, whilst, in
terms of its core insurance operations encompassing legal
assistance, funeral and life cover for the mass market, the
Group is strategically well placed and dominates its target
market in Namibia. Furthermore, being a dual listed entity,
Trustco conforms to a high level of corporate governance in line
with the King Reports on Corporate Governance.

This investment grade rating is the first step in Trustco
accessing the capital markets for funding and the proposed
listed bond program which is expected to be in place by November
2012.

The full report is available on the Trustco website: www.tgi.na


By order of the Board.

MA Gebhardt

Company Secretary
Windhoek, 13 August 2012

JSE Sponsor
SASFIN Capital( a division of SASFIN Bank)

NSX Sponsor
IJG Securities (Pty) Limited

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