Dealings in Trustco Securities by an associate of Dr Quinton van Rooyen 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”) Dealings in Trustco Securities by an associate of Dr Quinton van Rooyen Background Trustco Shareholders (“Shareholders”) are referred to the SENS announcements published on 20 and 25 February 2019, in terms whereof it was announced that Dr van Rooyen and his associates disposed of a portion of their shareholdings in Trustco. Dealing by associate of a Director In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements, the Company discloses the following dealings in securities by an associate of an executive director of Trustco: Name of Director: Dr Quinton van Rooyen Designation: CEO of Trustco and executive director Date of transaction: 5 March 2019 Number of Securities: 50 909 091 Price per security (cents): 550 cents Value of transaction: USD 20 000 000 (ZAR Indicator off) Nature of transaction: Off-market sale of shares Class of Security: Ordinary shares Name of associate: Le Hugo Investments Nature of interest: Direct beneficial Clearance obtained: Yes • The amount realised from the sale of the abovementioned shares will be deployed as part of the Loan of up to NAD 1 Billion (“Loan”) in terms of the Related Party Circular approved by Shareholders on 22 January 2019. • As advised in the Related Party Circular, the capital amount is earmarked to be deployed for growth throughout the Group, but primarily in the resources segment to continue development of the Meya Project: - Meya is in the process of evaluating various options to increase the overall mine configuration and achieve an optimal mine plan. This includes plant optimisation and acquiring additional mining fleet as well as securing a 25-year mining licence in due course. Production is expected to more than double with this capital invested. - The banking and finance segment will also benefit from the Loan by: financing growth of the Trustco Finance student loan book to a target of NAD1 billion in the next 18 months; and further capitalising Trustco Bank to provide mortgage bonds in the Namibian property market, SME loans, personal loans and commercial loans. Trustco Bank’s ability to fund mortgage loans to buyers of the Group’s properties is a material competitive advantage. (Shareholders are referred to the SENS announcement regarding the update in the insurance segment in re: Namibian Land Conference dated 8 October 2018) - The insurance segment (and its investments) will be capitalised taking cognisance of the current market conditions. - A portion of the amount may also be used in the current debt restructuring programme (details of which were released on SENS on 31 August 2018) in order to align the Company’s capital structure with the Company’s growth ambitions. • Shareholders are further advised that no change of control occurred as a result of this transaction. • As a result of this transaction Dr Van Rooyen and its associates together with Trustco have concluded their on-market sales of Trustco shares. • The proceeds of this transaction accelerates Trustco’s ability to create value across its business divisions, increases liquidity in the Trustco share, and allows the company to consider various corporate actions which may unlock value for shareholders. Amanda Bruyns Company Secretary: Trustco Group Holdings Limited Windhoek, Namibia 5 March 2019 JSE Sponsor Vunani Corporate Finance NSX Sponsor Simonis Storm Securities Proprietary Limited Date: 05/03/2019 12:30:00 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.