Change in Chief Executive Officer and to roles of directors TRENCOR LIMITED (Incorporated in the Republic of South Africa) (Registration No 1955/002869/06) Share Code: TRE ISIN: ZAE000007506 (“Trencor”) CHANGE IN CHIEF EXECUTIVE OFFICER AND TO ROLES OF DIRECTORS In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, it is announced that at the forthcoming annual general meeting (“AGM”) currently scheduled for 6 June 2017, and with effect therefrom: - Mr Jimmy McQueen will retire as chief executive officer, executive director and chairman of the executive committee but will remain on the board in a non-executive capacity; and - Mr Hennie van der Merwe, previously managing director of Trencor from 2003 to 2011 and currently a part-time executive director, will be appointed as chief executive officer and chairman of the executive committee in the place of Mr McQueen. The above changes are subject to Mr McQueen and Mr Van der Merwe, both of whom retire by rotation at the AGM, being re-elected as directors. They are both available and offer themselves for re-election. Mr McQueen intends to retire from the boards of all local and off-shore group entities on which he serves, other than that of Textainer Group Holdings Limited (NYSE: TGH), in which Trencor has a 48,04% beneficiary interest. The board extends its appreciation to Mr McQueen for his dedication and hard work over the past 41 years with Trencor, during which he was an integral part of the senior management team that led Trencor to many successes. The board wishes him well in his deserved retirement. Trencor Services (Pty) Ltd Secretaries 19 January 2017 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) www.trencor.net Date: 19/01/2017 09:52:00 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.