TRUSTCO GROUP HOLDINGS LIMITED - Clarification regarding Reviewed Condensed Consolidated Provisional Financial Statements Year Ended 31 March 2017

Clarification regarding  Reviewed Condensed Consolidated Provisional Financial Statements  Year Ended 31 March 2017

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")

Clarification regarding the Reviewed Condensed Consolidated Provisional Financial Statements For The Year Ended 31 March 2017 (“Financial Results”)

Trustco Shareholders (“Shareholders”) are referred to the Financial Results that were published on SENS on Friday, 30 June 2017 at 17:00 hours and are advised that the
figure in the “Investments” line of the “Depreciation and amortization” column set out in the “Condensed Segmental Analysis” table should be R33 195 as reflected in the
revised table below rather than R331 195 as set out in the Financial Results. All other line items in the Financial Results remain unchanged.

Condensed segmental analysis

                                                          Revenue                      Depreciation                                       Impairment of
                   Total segment     Inter-segment                    Profit for the                        Interest         Interest                           Taxation
                                                      from external                            and                                      receivables and
                         revenue           revenue                           period                         income          expense
                                                         customers                     amortization                                               loans
 Reviewed               NAD '000          NAD '000        NAD '000       NAD '000        NAD '000         NAD '000         NAD '000           NAD „000         NAD '000
 2017
 Insurance               184 344           (24 658)       159 686           40 370          20 418              396              383                  0            3 602
 Banking and             226 676           (13 647)       213 029           60 593             878              636           68 690              7 408           31 426
 finance
 Investments            1 035 789         (161 742)        874 047        440 131           33 195            (607)          101 383                  0           16 497
 Resources                      0                 0              0        (11 142)               1                4            3 213                  0                0
 Total                  1 446 809         (200 047)      1 246 762        529 952           54 492              429          173 669              7 408           51 525
 Audited
 2016
 Insurance               203 866            (2 508)       201 286           45 033          18 064            1 540               81                   0           4 192
 Banking and             231 157            (9 664)       221 493           57 326             471              937           52 910             (8 921)          16 772
 finance
 Investments              846 242         (118 735)        727 507        317 439           27 846            1 240           81 288                   0           9 112
 Total                  1 281 265         (130 979)      1 150 286        419 798           46 381            3 717          134 279             (8 921)          30 076




By order of the board
A Bruyns
Company Secretary
3 July 2017


JSE Sponsor
Sasfin Capital: (a division of Sasfin Bank Limited)


NSX Sponsor: Simonis Storm Securities (Pty) Limited

Date: 03/07/2017 01:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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