Vesting and Distribution to Trencor of The Shares in Halco Holdings TRENCOR LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1955/002869/06) Share code: TRE ISIN: ZAE000007506 (“Trencor”) VESTING AND DISTRIBUTION TO TRENCOR OF THE SHARES IN HALCO HOLDINGS Further to previous notifications issued by Trencor, shareholders are advised that, on 20 February 2018, Trencor, as a nominated discretionary beneficiary of the Halco Trust, received a vesting and distribution from the Halco Trust (“Trust”) of the entire issued share capital of Halco Holdings Inc. (“Halco”). Halco is the holder of 48% of the shares in Textainer Group Holdings Limited (NYSE: TGH) (“Textainer”) and 100% of the shares in unlisted TAC Limited (“TAC”). Before the vesting and distribution were effected, as is customary in the Trust’s jurisdiction Trencor had to provide an indemnity to inter alia the trustee of the Trust (“Trustee”). The indemnity terminates on 31 December 2024. The maximum exposure is limited to the value of the assets distributed which in substance leaves the Trustee in the same position as it enjoyed under the Deed of Settlement of the Trust. In relation to possible further steps in the simplification of Trencor’s interests, including the unbundling of the Textainer and TAC shares held by Halco to Trencor, each one of the parties involved continues independently to seek professional advice in exploring its own position, including applicable local regulatory and legal considerations, and shareholders will be advised of further developments as appropriate. Trencor Services Proprietary Limited Secretaries 22 February 2018 Transactional Sponsor Investec Bank Limited www.trencor.net Date: 22/02/2018 08:15:00 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.