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TRE - Trencor Limited - Trencor`s Textainer announces the pricing of $400 Million Series 2012-1 Fixed Rate Asset Backed Notes TRENCOR LIMITED (Incorporated in the Republic of South Africa) (Registration No 1955/002869/06) Share Code: TRE ISIN: ZAE000007506 ("Trencor") TRENCOR`S TEXTAINER ANNOUNCES THE PRICING OF $400 MILLION SERIES 2012-1 FIXED RATE ASSET BACKED NOTES We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 60,3% beneficiary interest: "April 11, 2012 Hamilton, Bermuda - (Business Wire) - Textainer Group Holdings Limited (NYSE: TGH) ("Textainer"), the world`s largest lessor of intermodal containers based on fleet size, today announced that Textainer Marine Containers Limited ("TMCL"), Textainer`s primary asset owning subsidiary, priced a private placement of $400 million in aggregate principal amount of Series 2012-1 Fixed Rate Asset Backed Notes (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the "Act") and to non-U.S. persons in accordance with Regulation S promulgated under the Act. The Notes will be fully amortizing notes payable on a straight-line basis over a scheduled payment term of ten years, but not to exceed the maximum payment term of fifteen years. The Notes have a fixed interest rate, payable monthly, of 4.21% per annum, resulting in an effective semi-annual yield on the Notes of 4.25% per annum. The proceeds from the issuance of the Notes are expected to be used to repay certain outstanding indebtedness of TMCL, in particular its Series 2010-1 Notes, and for general corporate purposes. The Notes are secured by a pledge of TMCL`s assets. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of the Notes, and shall not constitute an offer, solicitation or sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state laws. Textainer Group Holdings Limited Mr. Tom Gallo, 415-658-8227 Investor Relations Director ir@textainer.com" Trencor Services (Pty) Ltd Secretaries 12 April 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) www.trencor.net Date: 12/04/2012 10:06:32 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.
