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TRUSTCO GROUP HOLDINGS LIMITED - Voluntary announcement trustco group holdings limited secures lines of credit in the amount of zar 165 million.

Release Date: 08/10/2012 08:00
Code(s): TTO     PDF:  
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Voluntary announcement trustco group holdings limited secures lines of credit in the amount of zar 165 million.

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
(“Trustco”, “The Company” or “the Group”)

VOLUNTARY ANNOUNCEMENT TRUSTCO GROUP HOLDINGS LIMITED SECURES
LINES OF CREDIT IN THE AMOUNT OF ZAR 165 MILLION.

Shareholders are advised that the Group’s subsidiary, Trustco
Finance (Pty) Limited has secured lines of credit from the
African Development Bank (“AfDB”)( Deutsche Investitions- und
Entwicklungsgesellschaft mbH (“DEG”)(www.deginvest.de) a German
development finance institution and the Société De Promotion Et
De Participation Pour La Coopération Economique (“PROPARCO”)(
www.proparco.fr), a French development finance institution. The
Agreement was concluded on 5 October 2012.

Shareholders are further advised that the AfDB line of credit
amounts to ZAR 65 million with the DEG and PROPARCO combined
lines of credit amounting to ZAR 100 million. The total facility
of ZAR 165 million, together with the ZAR 80 million advanced in
September 2010 by the International Finance Corporation (“IFC”)
(www.ifc.org) is earmarked for the provision of educational
loans to a further 19 500 students by Trustco Finance (Pty) Ltd
in Namibia over the next 2 years.

By order of the Board.

MA Gebhardt

Company Secretary
Windhoek, 8 October 2012

JSE Sponsor
SASFIN Corporate Finance (a division of SASFIN Bank Limited)

NSX Sponsor
IJG Securities (Pty) Limited

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