Sharenet Sites 
Sharenet Sites
Notice of preparedness to grant application for a mining licence
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
("the Company" or "Trustco”)
TRUSTCO RESOURCES UPDATE: NOTICE OF PREPAREDNESS TO GRANT APPLICATION FOR MINING
LICENSE ML 156
1. Introduction
Trustco shareholders (“Shareholders”) are referred to the announcements published on the Stock
Exchange News Service (“SENS”) relating to the Huso Transaction.
The Huso Transaction relates to the acquisition between Trustco Resources Proprietary Limited
(“Trustco Resources” or “Purchaser”) and Quinton van Rooyen (“Seller”), of the Seller’s entire
interest in Huso Investments Proprietary Limited (“Huso”), and Huso’s subsidiaries Northern
Namibian Development Company Proprietary Limited (“NNDC”) and Morse Investments
Proprietary Limited (“Morse”) (collectively the “Parties”).
Shareholders are referred to the SENS announcement setting out the details of the Huso
Transaction dated 15 July 2015 and the circular dated 11 September 2015. The terms of the Huso
Transaction were approved by Shareholders at a general meeting held on 5 October 2015.
Subsequently the Parties entered into an addendum (“Amendment”) to the terms of the Huso
Transaction which details were set out in the SENS announcement dated 17 November 2016 and
the circular dated 11 May 2017. The terms of the Amendment to the Huso Transaction were
approved by Shareholders at a general meeting held on 13 June 2017 (the “Huso Transaction”).
1
2. Notice of preparedness to grant application for a mining licence ML 156
Shareholders were advised that the Huso Transaction was still subject to the fulfilment of certain
conditions precedent (“Conditions Precedent”). The fulfilment of the final Conditions Precedent
would be regarded as the closing date for the Huso Transaction. An outstanding condition is the
issuing of a mining licence to NNDC by the Ministry of Mines and Energy (“MME”), in terms of the
Minerals Act, No 33 of 1992 (“Minerals Act”).
On 21 December 2017, MME requested that NNDC’s Environmental Clearance Certificate be
revised from that which is applicable to an Exclusive Prospecting Licence (“EPL”) to one in respect
of a Mining Licence (“ML”). NNDC submitted a revised environmental assessment and
management plan together with an application for an Environmental Clearance Certificate for
large scale mining to the Ministry of Environment and Tourism of Namibia (“MET”) in March 2018.
NNDC received the Environmental Clearance Certificate from MET for the conversion of EPL 2633
to ML 156 on 13 July 2018. The Environmental Clearance Certificate was submitted to MME on
16 July 2018, therefore complying with MME’s requirements.
Trustco is pleased to announce to Shareholders that NNDC received a notice of preparedness to
grant application for mining licence for a period of 15 (fifteen) years in terms of Section 48 (4) of
the Minerals Act from the MME on 20 July 2018, (the “Notice”). The Notice is subject to
acceptance of the terms and conditions by NNDC within 30 (thirty) days from the date on which
the Notice was received.
Windhoek
24 July 2018
By order of the Board
Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited – Windhoek
JSE Sponsor: Sasfin Capital (A member of the Sasfin group)
NSX Sponsor: Simonis Storm Securities (Pty) Ltd
2
Date: 24/07/2018 04:07:00 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.
