Disposal of Treasury Shares held by the Company 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 Company”) DISPOSAL OF TREASURY SHARES HELD BY THE COMPANY In terms of a dispensation obtained from the Issuer Regulation Division of JSE Limited, the Company has disposed of treasury shares in the open market in order to meet the prudential requirements pertaining to the investment spread applicable to it in terms of the Long-Term Insurance Act and Regulations (“Disposal”). Paragraph 5.75 of the JSE Limited Listings Requirements (“Listings Requirements”) states that “Whenever an issuer wishes to use treasury shares, such use must comply with the Listings Requirements as if such use was a fresh issue of securities.” The Disposal was therefore conducted in terms of the general authority to issue shares for cash approved by shareholders at the annual general meeting held on 24 September 2014. In compliance with paragraph 11.22 of the Listings Requirements, shareholders are advised that 76 958 397 (9.97% of total shares in issue) treasury shares were sold in the open market over the period commencing on 18 March 2015 and ending on 15 July 2015 at an average discount of 1.0484% to the weighted average traded price of the equity securities over the 30 business days prior to the date of each sale. It is intended that the funds realised from the Disposal will be utilised for operations in the Company’s Banking Segment. Windhoek 16 July 2015 Company Secretary Sandra Miller JSE Sponsor Sasfin Capital (a division of Sasfin Bank Limited) NSX Sponsor IJG Securities (Pty) Ltd. Date: 16/07/2015 04:08:00 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.