TRUSTCO GROUP HOLDINGS LIMITED - Trustcos Review Application Filed on the Ruling Received from the Financial Services Tribunal

Trustco’s Review Application Filed on the Ruling Received from the Financial Services Tribunal

TRUSTCO GROUP HOLDINGS LIMITED

Incorporated in the Republic of Namibia
(Registration number 2003/058)

Registered as an external company in South Africa
(External registration number 2009/002634/10)

NSX share code: TUC
JSE share code: TTO
OTCQX share code: TSCHY

ISIN Number: NA000A0RF067
(“Trustco” or “the Group”)

TRUSTCO’S REVIEW APPLICATION FILED ON THE RULING RECEIVED FROM THE FINANCIAL SERVICES
TRIBUNAL

Trustco refers to the SENS announcement published on 23 November 2021 where shareholders were
updated on the ruling of its application for reconsideration by the Financial Services Tribunal against
the JSE directive.

Shareholders were informed that Trustco had 180 days to bring a review application to the High Court
in South Africa in terms of the Promotion of Administrative Justice Act No. 3 of 2000. After
consultation with its advisors as well as minority shareholders (as set out in the SENS announcement
dated 8 December 2021), the board filed its review application against the decision of the Financial
Services Tribunal. The review application was also filed against the JSE and is considered the first step
in the next processes available in law.

The review application can be viewed at https://www.tgh.na/wp-content/uploads/2022/01/Review-
Application.pdf and shareholders are welcome to contact the company secretary for more
information at komada@tgh.na.

Windhoek, Namibia,
31 January 2022

Komada Holdings (Pty) Ltd
Company Secretary and Investor Relations Services to Trustco Group Holdings Limited

JSE Sponsor
Vunani Sponsors – Johannesburg

NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek

OTCQX Sponsor
J.P Galda & Co – New York

Date: 31-01-2022 04:32:00
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