General SENS Submitter Company - GEN General Trustco Group Holdings Limited - Update in the JSEs decision on its proactive monitoring review

GEN – General – Trustco Group Holdings Limited - Update in the JSE’s decision on its proactive monitoring review

GEN – General – Trustco Group Holdings Limited

Update in the JSE’s decision on its proactive monitoring review for Trustco Group Holdings
Limited (“Company” or “Trustco”) financial results.

We refer to the JSE’s SENS announcement of 7 November 2022, which informed
stakeholders of the dismissal by the Honourable Judge Potterill of the review application
brought by Trustco in the High Court, in which it sought to review and set aside:

1.   the JSE's decision of 11 November 2020, in which the JSE, first, found that Trustco
     did not comply with the Listings Requirements in relation to its Annual Financial
     Statements for the year ended 31 March 2019 and interim results for the 6 months
     ended 30 September 2019, and, second, directed Trustco to take steps to rectify its
     non-compliance ("the JSE Decision"); and

2.   the ruling of the Tribunal of 22 November 2021, which dismissed Trustco's application
     for reconsideration of the JSE's Decision.

Trustco applied to Judge Potterill for leave to appeal the 7 November 2022 order, which
dismissed Trustco's review application, to the Supreme Court of Appeal.

The application for leave to appeal was heard on 30 January 2023 and on the same date,
was dismissed by Judge Potterill with costs.

30 January 2023

Date: 30-01-2023 05:50:00
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