Withdrawal of Cautionary Announcement 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 Group”) WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT 1. Introduction Trustco shareholders are referred to the announcement released on SENS on on 12 Augut 2020, as well as the cautionary announcement released on 4 December 2020 as well as the subsequent renewals of such cautionary announcement dated 20 January 2021 and 3 March 2021, and using the definitions therein. 2. Withdrawal of Cautionary Trustco was informed by Conduit Capital that negotiations between Conduit Capital and Trustco have been terminated, and in light thereof shareholders are advised that caution is no longer required to be exercised when dealing in the Company’s securities. Shareholders are therefore advised that the Herboths Transaction, Internal Restructuring Transaction and the Legal Shield Holdings Transaction will not proceed. Windhoek, Namibia, 18 March 2021 Komada Holdings (Pty) Ltd Company Secretary and Investor Relations Services to Trustco Group Holdings Limited JSE Sponsor Vunani Sponsors - Johannesburg NSX Sponsor Simonis Storm Securities Proprietary Limited – Windhoek OTCQX Sponsor J.P Galda & Co – New York Date: 18-03-2021 02:00:00 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.