TRUSTCO GROUP HOLDINGS LIMITED - Change in auditor

Change in auditor

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")

ANNOUNCEMENT REGARDING A CHANGE IN AUDITOR

Trustco Shareholders (“Shareholders”) are advised that the board has implemented an auditor’s
rotation policy in line with good corporate governance practises. Trustco is currently jointly audited
by:

-     BDO South Africa Inc. with J Schoeman being the designated partner; and
-     BDO Namibia with JSW de Vos being the designated partner.



In order to ensure the ongoing independence of the group’s auditors, Shareholders are advised that
the board has initiated the following changes which will be effective from 29 March 2018:

-     Moore Stephens Johannesburg will replace BDO South Africa with CA Whitefield being the
      designated partner; and
-     M Nel will replace JSW de Vos as the designated partner for BDO Namibia.



Windhoek, Namibia
29 March 2018

Maxine Korner
Assistant 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

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