TRUSTCO GROUP HOLDINGS LIMITED - Trustco Group Holdings Limited retains Investment Grade rating

Trustco Group Holdings Limited retains Investment Grade rating

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” or "the Group")

Trustco Group Holdings Limited retains Investment Grade rating

Trustco is pleased to announce that Global Credit Rating Co. (“GCR”)
(http://globalratings.net) has affirmed the long term national scale
rating and affirmed the short term national scale issuer rating
assigned to Trustco of BBB- (NA) and A3 (NA) respectively; with the
outlook for both short and long term accorded as Stable.

According to the full report published by GCR, the ratings reflect
an established and expanding franchise in the group’s main areas of
operation (education, student/mortgage finance, insurance and
property), and markets (Namibia and South Africa). Sound capital
structure, low to moderating credit risk and improving profitability
support the rating. Furthermore the ratings outlook considers
Trustco’s enhanced prospects and strategic focus, viewed in the
context of divergent macroeconomic trends in its core markets.

The current ratings, and stable outlook, have been maintained from
the first initial GCR report conducted in 2012.

Trustco is pleased to release this report to shareholders as it
continues to demonstrate the group’s resolve to achieve only the
highest levels of success whilst maintaining a solid governance and
risk framework.

In light of the increasing trend of recent downgrades to
international corporates and certain sovereigns, the fact that
Trustco has managed to retain its investment grade rating and
retained a stable outlook is a very positive message to shareholders
and investors.


The full report is available on the Trustco website: www.tgi.na




Sandra Miller
Company Secretary

18 July 2014

JSE Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)

NSX Sponsor
IJG (Pty) Limited

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