TRUSTCO GROUP HOLDINGS LIMITED - Amendment to the Sale of Shares and Option Agreement to Dispose of Minority Shareholding in Trustco Resources

Amendment to the Sale of Shares and Option Agreement to Dispose of Minority Shareholding in Trustco Resources

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”)

AMENDMENT TO THE SALE OF SHARES AND OPTION AGREEMENT ENTERED INTO TO DISPOSE OF A
MINORITY SHAREHOLDING IN TRUSTCO RESOURCES TO RISKOWITZ VALUE FUND

1.    Introduction

Trustco shareholders (“Shareholders”) are referred to the announcement released on SENS on 20
March 2020 and using the defintions therein. Shareholders are advised that an addendum
(“Addendum”) to the Agreement has been entered into by the Parties on 16 September 2020 with
such Addendum amending the Option Period from a six month period to a twelve month period.

The Addendum, read with the Agreement, will have the effect that should RVF not exercise the Option
within a twelve month period from the Signature Date of the Agreement, the Option shall lapse unless
the Option Period is extended by written agreement between the Parties.

Other than the changes contained in the Addendum as set out above, no other amendments in respect
of the Agreement have been made.

Windhoek, Namibia

17 September 2020

Komada Holdings (Pty) Ltd
Company Secretary and Investor Relations Services to Trustco Group Holdings Limited
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: 17-09-2020 04:30:00
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