TTO - Trustco Group Holdings Limited -Voluntary Announcement

TTO - Trustco Group Holdings Limited -Voluntary Announcement                    
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                                                          
Shareholders are referred to the SENS announcements dated 21 September 2010  and
30  September  2010,  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 ("the Agreement").                                          
A  dispute  has  arisen  regarding the non payment of  royalties  and  insurance
premiums  by  Econet. Consequently, Econet has been placed on  terms  to  effect
payment.  The  matter has been referred to Trustco`s legal counsel  for  further
action, if required.                                                            
By order of the Board                                                           
J Bazuin                                                                        
Company Secretary                                                               
Windhoek, 8 June 2011                                                           
JSE Sponsor                                                                     
QuestCo Sponsors (Pty) Limited                                                  
NSX Sponsor                                                                     
IJG Securities (Pty) Limited                                                    
Date: 08/06/2011 13:00:01 Supplied by www.sharenet.co.za                     
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