TRUSTCO GROUP HOLDINGS LIMITED - Cautionary Announcement: Option on Possible Equity Transaction with Independent Third Party to Take Up to a 70% Meya

Cautionary Announcement: Option on Possible Equity Transaction with Independent Third Party to Take Up to a 70% Meya

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 “Company”)


CAUTIONARY ANNOUNCEMENT: OPTION ON A POSSIBLE EQUITY TRANSACTION WITH AN INDEPENDENT
THIRD PARTY TO TAKE UP TO A 70% SHAREHOLDING IN MEYA MINING ("MEYA") FOR A TOTAL
SUBSCRIPTION AMOUNT OF UP TO USD 50 MILLION.


Trustco shareholders (“Shareholders”) are advised that Trustco Resources (Mauritius) (“Trustco Resources”)
a 100% owned subsidiary of Trustco Resources (Proprietary) Limited and Meya a 65% owned subsidiary of
Trustco Resources, Germinate (SL) Limited (“Germinate”) a 35% shareholder of Meya and an independent
third party (“the Parties”) received a term sheet (“Term sheet”) in terms of which an independent third
party shall obtain an option to subscribe for such a number of shares (“Subscription Shares”) in Meya that it
shall have an option to become a shareholder in Meya for up to a 70% for a maximum subscription amount
of USD 50 million (“the Subscription Transaction”).


It is important to note that the Term Sheet is subject to the necessary board and regulatory approvals,
completion of due diligence and conclusion of definitive agreements. Shareholders are advised that it is
envisaged that the agreements would be finalised at the end of July 2022.
Trustco believes the Transaction, if successfully concluded, will have a material effect on the price of the
Company’s securities.


Accordingly, Shareholders are advised to exercise caution when dealing in the Company’s securities until a
further announcement regarding the Transaction is made. Any questions can be sent via email to the
company secretary at komada@tgh.na.


Windhoek, Namibia,
30 June 2022

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

JSE Sponsor
Vunani Sponsors

NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek

OTCQX Sponsor
J.P Galda & Co – New York

Date: 30-06-2022 05:12:00
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