Further Update Regarding The Disposal By Trustco Of Up To 20% (Twenty Percent) Of Legal Shield Holdings 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”) FURTHER UPDATE REGARDING THE DISPOSAL BY TRUSTCO OF UP TO 20% (TWENTY PERCENT) OF LEGAL SHIELD HOLDINGS (PROPRIETARY) LIMITED (“LEGAL SHIELD HOLDINGS”) 1. INTRODUCTION Trustco shareholders (“Shareholders”) are referred to the announcement published on SENS on 24 November 2017 wherein they were advised that Trustco and Riskowitz Value Fund LP (“Purchaser”) had entered into a sale of share agreement (“Agreement”) in terms of which Trustco will dispose of 20% of the issued share capital of Legal Shield Holdings, a wholly- owned subsidiary of Trustco for R1.2 billion (“Transaction”) and the more recent update announcement dated regarding the completion of the due diligence process dated 1 February 2018. 2. EXTENSION OF DATE FOR THE FULFILMENT OF THE SUSPENSIVE CONDITIONS OF THE TRANSACTION On 13 February 2018, the Company, Legal Shield Holdings and the Purchaser agreed to amend the Agreement by extending the date by which all suspensive conditions to the Transaction must be fulfilled to 30 April 2018 (previously 31 March 2018). 3. CIRCULAR As the Transaction is a Category 2, related party transaction requiring the approval of Shareholders in general meeting, the Company expects to despatch a circular to Shareholders regarding the Transaction by no later than 31 March 2018. Windhoek, Namibia 14 February 2018 Amanda Bruyns Company Secretary: Trustco Group Holdings Limited JSE Sponsor Sasfin Capital Proprietary Limited (a member of the Sasfin group) NSX Sponsor Simonis Storm Securities Proprietary Limited Date: 14/02/2018 11:48:00 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.