Final Issue of Shares in Terms of the Specific Issue of Shares for Cash to Riskowitz Value Fund TRUSTCO GROUP HOLDINGS LIMITED Incorporated in the Republic of Namibia (Registration number 2003/058) Registered as an external company in South Africa (External registration number 2009/002634/10) NSX share code: TUC JSE share code: TTO ISIN Number: NA000A0RF067 (“Trustco” or “the Company”) FINAL ISSUE OF SHARES IN TERMS OF THE SPECIFIC ISSUE OF SHARES FOR CASH TO RISKOWITZ VALUE FUND Trustco Shareholders (“Shareholders”) are referred to the SENS announcements released on 7 July 2017, 26 October 2017, the circular posted to shareholders on 26 September 2017 and the terms and definitions therein relating to the Specific Issue of Shares for Cash to Riskowitz Value Fund (“the Specific Issue”). In terms of the Specific Issue, Shareholders were advised that the total number of shares to be issued was 58 823 529 Shares, with 55 000 000 Shares being issued to the Riskowitz Value Fund on 26 October 2017. Shareholders are advised that Trustco has issued and listed the remaining 3 823 529 Shares with effect from the commencement of business today, at an issue price of R4.25 per Share, in accordance with the Specific Issue. Following the listing of the additional securities, there will be 974 265 619 Shares in issue. Windhoek, Namibia 25 September 2018 Amanda Bruyns Company Secretary: Trustco Group Holdings Limited JSE Sponsor Vunani Corporate Finance NSX Sponsor Simonis Storm Securities Proprietary Limited Date: 25/09/2018 04:30:00 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.