TTO - Trustco Group Holdings Limited - Voluntary Announcement: Trading Update

TTO - Trustco Group Holdings Limited - Voluntary Announcement: Trading Update   
for the first quarter ended 30 June 2011                                        
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 "the Group" or "Trustco")                                     
VOLUNTARY ANNOUNCEMENT:  TRADING UPDATE FOR THE FIRST QUARTER ENDED 30 JUNE 2011
Trustco has embarked on a policy of issuing quarterly trading updates, this     
being the first, in order to provide investors with timely insight into high-   
level financial performance trends.                                             
Financial Highlights:                   3 Months Ended 3 Months Ended           
                                       30 June 2011   30 June 2010              
N$ `000        N$ `000                   

Revenue                                 147 414        117 789                  
Earnings for the period                 12 827         3 955                    
Headline Earnings                       12 838         3 955                    
Basic Earnings per share (cents)        1.89         0.58                       
Headline Earnings per share (cents)     1.90         0.58                       
Shareholders are advised that it`s the policy of the company to revalue its     
investment properties at each year end, hence the reported results, including   
that of the corresponding period, exclude the financial effects of any          
revaluation adjustments.                                                        
The financial information on which this voluntary trading update is based has   
not been reviewed or reported on by the company`s auditors.                     
By order of the Board                                                           
J Bazuin                                                                        
Company Secretary                                                               
Windhoek, 29 July 2011                                                          
NSX Sponsor                                                                     
IJG Securities (Pty) Ltd                                                        
JSE Sponsor                                                                     
QuestCo Sponsors (Pty) Ltd                                                      
Date: 29/07/2011 16:13:01 Supplied by www.sharenet.co.za                     
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