Debt Restructuring With International Lenders Group 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 OTCQX share code: TSCHY ISIN Number: NA000A0RF067 (“Trustco” or “the Company”) DEBT RESTRUCTURING WITH INTERNATIONAL LENDERS GROUP Trustco’s shareholders are referred to the SENS announcements published on 13 June 2019, 27 September 2019 and 3 June 2020 as well as to note 38 of the Trustco annual financial statements for the year ended 31 March 2019 regarding the debt restructuring with its international lender group (“Restructuring Agreement”). The Company wishes to announce that further formal restructuring agreements are being negotiated with relevant lenders who were parties to the Restructuring Agreement and where financial commitments still exist. The terms and maturities, which are being negotiated will be subject to standard approval processes of all parties, and replace the existing agreements. 23 June 2020 Komada Holdings (Pty) Ltd Company Secretary and Investor Relations Services to Trustco Group Holdings Limited JSE Sponsor Vunani Corporate Finance - Johannesburg NSX Sponsor Simonis Storm Securities Proprietary Limited – Windhoek OTCQX Sponsor J.P Galda & Co – New York Date: 23-06-2020 03:15:00 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.