Resignation of a director and appointment of a director 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” or “the Group”) CHANGES TO THE BOARD – RESIGNATION AND APPOINTMENT OF DIRECTORS In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the Company wishes to make the following announcement: - Mr Ryan McDougall has resigned as the financial director with effect from 31 December 2016 for personal reasons. His resignation as financial director of the Trustco Board also coincides with his resignation from other board memberships within the Trustco Group. - The Trustco Board accepts his resignation and wishes to thank Mr McDougall for his valuable contribution during his tenure as part of management and as the financial director; and - Ms Marizanne van Niekerk CA.SA (NAM), currently appointed as Chief Financial Officer of the Investment Segment, will be appointed as the Group financial director with effect from 1 January 2017. Windhoek 24 November 2016 Company Secretary Amanda Bruyns JSE Sponsor Sasfin Capital (a division of Sasfin Bank Limited) NSX Sponsor Simonis Storm Securities (Pty) Ltd Date: 24/11/2016 01:52:00 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.