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TRENCOR LIMITED - Trencors textainer acquires 24 000 teu from managed container portfolio and ends 2012 with a record 72% owned fleet

Release Date: 03/01/2013 16:04
Code(s): TRE     PDF:  
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Trencor’s textainer acquires 24 000 teu from managed container portfolio and ends 2012 with a record 72% owned fleet

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

TRENCOR’S TEXTAINER ACQUIRES 24 000 TEU FROM MANAGED
CONTAINER PORTFOLIO AND ENDS 2012 WITH A RECORD 72% OWNED
FLEET
We draw attention to the following news release issued by Textainer Group Holdings
Limited, in which Trencor has a 48,93% beneficiary interest:

“Hamilton, Bermuda - (Business Wire) - Jan. 2, 2013 - Textainer Group Holdings
Limited (NYSE: TGH) (“Textainer”, “we”, and “our”), the world’s largest lessor of
intermodal containers based on fleet size, today announced that it acquired
approximately 24,000 TEU (twenty-foot equivalent units) of standard dry freight
containers from its managed fleet for approximately $32.6 million. The acquisition
increases the percentage of Textainer’s owned fleet to 72% from 59% at the start of
2012.
“We are pleased to end the year with another purchase from our managed fleet as we
continue to execute on Textainer’s long standing strategy to grow our overall fleet and
increase the ownership percentage,” commented Philip K. Brewer, Textainer President
and Chief Executive Officer.
“This is now Textainer’s fifth managed container acquisition in the last five months,
totaling $275 million and 257,000 TEU, as we continue to effectively deploy the
additional equity we raised in the third quarter. We are very pleased with our year end
fleet ownership and performance and are excited about the full year contribution to
earnings these fleets will provide in 2013.”
“The recently acquired containers are seasoned income producing assets. We expect
these transactions will be immediately accretive to earnings and to contribute to long-
term growth in shareholder value,” concluded Mr. Brewer.



Textainer Group Holdings Limited
Mr. Thomas J. Gallo, +1-415-658-8227
Investor Relations Director
ir@textainer.com”
Trencor Services (Pty) Ltd
Secretaries
3 January 2013

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

www.trencor.net

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