TRENCOR LIMITED - Textainer announces retirement of director, planned officer retirement, officer promotion and director nomination

Textainer announces retirement of director, planned officer retirement, officer promotion and director nomination

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

TEXTAINER ANNOUNCES (i) RETIREMENT OF DIRECTOR, AND (ii)
PLANNED OFFICER RETIREMENT, OFFICER PROMOTION AND
DIRECTOR NOMINATION

We draw attention to the following United States Securities and Exchange Commission
filing made on 21 December 2016 by Textainer Group Holdings Limited (NYSE: TGH),
in which Trencor has a 48,2% beneficiary interest:

“Textainer Group Holdings Limited (“Textainer” or the “Company”) is announcing the
following changes to its Board of Directors and Executive team:

1.   Mr. Isam Kabbani, a member of the Textainer Board of Directors retired from the
     Board effective November 18, 2016. Mr. Kabbani served on the Board of Directors
     since December 1993 and remains a long standing and significant shareholder in the
     Company. The Board and Company thank Mr. Kabbani for his many years of support
     to the Company and service on the Board. Mr. Kabbani served as a Class II director
     with a term ending at the 2018 Annual Meeting. At the present time the Board has
     determined not to fill the Board vacancy resulting from Mr. Kabbani’s retirement.

2.   Mr. Robert Pedersen, the President and Chief Executive of Textainer Equipment
     Management Limited, has announced that effective March 31, 2017 he will retire
     from the Company. Mr. Pedersen joined the Company in 1991 and in 2006 was
     promoted to Executive Vice President responsible for worldwide sales and marketing
     activities. He has served as President and Chief Executive of Textainer Equipment
     Management Limited, Textainer’s wholly-owned subsidiary which provides
     container management, acquisition and disposition services for Textainer, since
     October 2011.

3.   Effective January 1, 2017, Mr. Olivier Ghesquiere, the Company’s Senior Vice
     President for Sales and Marketing will be promoted to Executive Vice President –
     Leasing. Mr. Ghesquiere joined the Company in December 2015.

4.   The Board of Directors currently intends to nominate Mr. Pedersen for service on the
     Board of Directors as a Class III director. The nomination will be included in the
     2017 Proxy and if elected by the shareholders, Mr. Pedersen is expected to join the
     Board in connection with the Annual Meeting in May 2017.”

Trencor Services (Pty) Ltd
Secretaries
22 December 2016

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

www.trencor.net

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