Update cautionary 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 (“Trustco”, “the Company”) UPDATE CAUTIONARY ANNOUNCEMENT: INTERNATIONAL FINANCE CORPORATION IN PRINCIPLE AGREEMENT FOR THE SUBSCRIPTION OF SHARES AND PARTIAL BOND GAURANTEE. Shareholders are referred to the cautionary announcement released on SENS on 1 October 2012, specifically to paragraph 3 that read as follows: “The IFC will provide a partial credit guarantee of up to ZAR210 million (approximately US$25 million) in connection with Trustco’s issuance of ZAR denominated bonds in the aggregate principal amount of up to ZAR350 million (approximately US$41.7 million). This is the envisaged first draw down from Trustco’s listed domestic medium term note program totaling ZAR 1 billion” Shareholders are advised that the domestic medium term note program (“MTNP program”) referred to above is not yet listed. The MTNP program has now been submitted to the JSE Limited (“the JSE”) for approval and until the MTNP program has been approved by the JSE and listed, shareholders are advised to continue to exercise caution when dealing in their Truscto shares until a further announcement is made. By order of the Board. D Steyn Company Secretary Windhoek, 4 December 2012 JSE Sponsor SASFIN Corporate Finance (a division of SASFIN Bank) NSX Sponsor IJG Securities (Pty) Limited Date: 04/12/2012 01:38:00 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.