Sharenet Sites 
Sharenet Sites
TTO - Trustco Group Holdings Limited - Voluntary Announcement relating to Trustco Mobile`s transaction with Econet Wireless and First Mutual Life 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`s transaction with Econet Wireless and First Mutual Life Shareholders are referred to the SENS announcement dated 26 July 2011, regarding the agreement between the Company`s subsidiary, Trustco Mobile (Pty) Ltd, Econet Wireless (Private) Ltd ("Econet") and First Mutual Life Assurance Company (Pty) Ltd ("the Parties") entered into for a fixed period of 18 months together with a notice period of 6 months("the Agreement"). Following a purported appeal by Econet in respect of an order obtained by Trustco Mobile (Pty) Ltd on 25 July 2011, the following order has been granted by the High Court of Zimbabwe on 12 October 2011: "First Applicant (Trustco Mobile (Pty) Ltd) and Second Applicant (Trustco Group International) are hereby allowed to execute the judgment" as "handed down in HC 6065/11 on 25 July 2011, notwithstanding First Respondent`s (Econet Wireless (Private) Ltd) appeal under S.C. 171/11" The High Court of Zimbabwe handed down the following interim order against Econet on the 25th of July 2011: "1. The first respondent (Econet Wireless (Private) Ltd) is directed to restore to the first applicant (Trustco Mobile (Pty) Ltd) the internet based reporting links and all access to Trustco Mobile hardware and software, thus enabling it to monitor and process airtime purchase transactions and otherwise perform its obligations in terms of the agreement; and 2. The first respondent (Econet Wireless (Private) Ltd ) be directed to refrain from undertaking and implementing a competing, infringing service to that provided by the first applicant (Trustco Mobile (Pty) Ltd) in terms of the agreement." In order to protect shareholders` interests, the Company shall take all steps necessary to enforce the Court Order once confirmation has been obtained that the Order has been served on Econet. By order of the Board M Gebhardt Company Secretary Windhoek,17 October 2011 JSE Sponsor QuestCo Sponsors (Pty) Limited NSX Sponsor IJG Securities (Pty) Limited Date: 17/10/2011 17:48:01 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.
