Sharenet Sites 
Sharenet Sites
Addressing the Presentation Distributed About Trustco
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”)
ADDRESSING THE PRESENTATION DISTRIBUTED ABOUT TRUSTCO
Trustco shareholders (“Shareholders”) are referred to an anonymous presentation that has been
making the rounds since November 2017. The presentation has served at the Trustco board meeting
on 24 November 2017 where the board took notice of the presentation and decided that it was not
worthy of a reply.
Shareholders are advised that Trustco has not been approached by the author of the presentation for
insight into its business operations and none of the allegations or statements have been discussed,
tested or verified with management. The presentation is filled with intentional false statements,
material omissions and opinions that are not supported by accurate information.
The view of Trustco is that the presentation may have been compiled for interested parties who
recently wished to short the TTO Share, or for other nefarious reasons which are not clear to the
company. Trustco views the shorting of a share as an important process in price discovery, if being
done ethically, and furthermore encourages open and rigorous debate about the business but from
an informed and impartial perspective. Unfortunately the presentation fails by this standard.
Recently the same presentation has been submitted to funders of the Company and its Shareholders,
Trustco’s auditors and regulators. The current view of the board is that this presentation was recently
distributed to deceive Shareholders and the unsuspecting investment public and illegitimately
attempt to disturb the capital restructure of the business as previously disclosed to Shareholders.
The anonymous author acknowledges on his own account that “I just hope this presentation never
gets in the hands of QVR (being Dr Quinton van Rooyen, the CEO of Trustco). I have no doubt I will be
slapped with a case of defamation…”. The board is in the process of obtaining legal advice on how to
address the distribution of the fraudulent presentation and ensuring the author and peddlers of the
presentation are being held accountable. The anonymous author throughout the presentation
seemingly contradicts him/herself and admits that his/her conclusions may not be accurate.
The Company believes it’s corporate governance culture is strong and the communications and
disclosures are, and always have been transparent, clear and to the point. Should any Shareholder or
interested party have any questions relating to the presentation or to the Business of the Company,
they are invited to contact the Company Secretary at AmandaB@tgh.na
Windhoek, Namibia
16 October 2018
Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited
JSE Sponsor
Vunani Corporate Finance
NSX Sponsor
Simonis Storm Securities Proprietary Limited
Date: 16/10/2018 02:45:00 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.
