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”, or “the Company”) CAUTIONARY ANNOUNCEMENT Shareholders are referred to the circular sent to shareholders on 11 September 2015 regarding the acquisition of Huso Investments (Pty) Limited (“Huso”) which was subject to the fulfilment of certain outstanding conditions including shareholder approval (“the Huso Transaction”). On 5 October 2015 shareholders were notified on SENS that shareholder approval was provided in terms of the Huso Transaction and given details as to the outstanding conditions to be fulfilled for purposes of closing the Huso Transaction. While the Huso Transaction has not yet closed, the Company wishes to advise shareholders that Huso has entered into advanced negotiations with a target company in Sierra Leone (“Target Co”) relating to a potential partnership for a geo-economic evaluation, development and exploration of a diamond exploration license as secured by the Target Co in June 2015. Should Huso and the Target Co be satisfied with the outcome of an independent due diligence review, they will use their best endeavours to negotiate and agree to a definitive agreement. The outcome of the independent due diligence is expected within 15 (fifteen) business days. Should the Huso Transaction close and if the partnership is successfully concluded it could have an impact on the Company’s securities. In the circumstances, shareholders are advised to exercise caution when trading in their Trustco shares until a further announcement is made. Furthermore, shareholders will be notified once the unfulfilled conditions of the Huso Transaction have been fulfilled and the Huso Transaction has been finalised. By order of the Board Amanda Bruyns Company Secretary: Trustco Group Holdings Limited – Windhoek Namibia 19 May 2016 JSE Sponsor: Sasfin Capital (A division of Sasfin Bank Limited) NSX Sponsor: IJG Securities (Pty) Ltd. Date: 19/05/2016 03:43:00 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.