Trading Statement 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 Group”) TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2017 In compliance with paragraph 3.4 of the JSE Limited Listing Requirements, shareholders are advised that the Group is presently finalising its annual financial statements for the year ended 31 March 2017. The Group expects to report: - revenue for the year ended 31 March 2017 of between NAD 1.21 billion and NAD 1.32 billion being an increase of between 5% and 15% compared to the financial year ended 31 March 2016 (“Prior Year”) revenue of NAD 1.15 billion; - headline earnings per share (“HEPS”) for the year ended 31 March 2017 of between 67.5 cents and 73.0 cents per share, being an increase of between 22.1% and 32% respectively compared to the Prior Year HEPS of 55.3 cents per share; and - basic earnings per share (“EPS”) for the year ended 31 March 2017 of between 66.7 cents and 72 cents per share, being an increase of between 20.4% and 30% respectively compared to the Prior Year EPS of 55.4 cents per share. The operating segments contributed to the consolidated group’s performance as follows: - The Banking and Finance segment secured new funding in the amount of NAD 410 million that was utilised to consolidate the advance book. The increase in net interest earned on student advances amounted to 12.4% and interest income on the advances in the property loan book increased by 100%. - The Investment segment revenue grew by 20% and this segment’s net profit after tax grew by 39%. The Investment segment includes education, air charters, media services and real estate development. - Insurance segment’s net profit after tax decreased by 9% whilst revenue decreased by 20%; - Resources segment reported an operating loss of NAD 16 million, while mining assets grew to more than NAD 481 million in the reporting year. The segment is believed to be a best fit in strategic opportunity to diversify the revenue stream of the group and at the same time, hedge group earnings against the fluctuation of the Namibian Dollar against the US Dollar. - Operational expenses across the group grew by a modest 3% from the previous reporting period. Further details will be provided in the Group results, for the year ended 31 March 2017, which will be released on or about 30 June 2017. The financial information on which this trading statement is based has not been reviewed or reported on by the Group’s auditors. Windhoek, Namibia 29 June 2017 Amanda Bruyns Company Secretary: Trustco Group Holdings Limited JSE Sponsor: Sasfin Capital (A division of Sasfin Bank Limited) NSX Sponsor: Simonis Storm Securities (Pty) Ltd Date: 29/06/2017 02:43:00 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.