Changes to the board 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: - Ms Marizanne van Niekerk has resigned as the financial director with immediate effect as from today, 5 April 2017. Her resignation as financial director of Trustco also coincides with her resignation from other board memberships within the Trustco Group. - The Trustco Board accepts her resignation and wishes to thank Ms Van Niekerk for her valuable contribution during her tenure as part of management and as the financial director; and - Mr Floors Abrahams, currently appointed as an executive director and Group Head: Treasury, will be appointed as the Group financial director with immediate effect from 5 April 2017. - Mr Abrahams has been with Trustco since 2000. Mr Abrahams was appointed as financial director in 2004 and assumed the role of Group Head: Treasury in 2013 to date. He has held the position as executive director of Trustco since 2006. Windhoek 5 April 2017 Company Secretary Amanda Bruyns JSE Sponsor Sasfin Capital (a division of Sasfin Bank Limited) NSX Sponsor Simonis Storm Securities (Pty) Ltd Date: 05/04/2017 05:29:00 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.