TRUSTCO GROUP HOLDINGS LIMITED - Short-Form Announcement: Trustco Group Holdings Limited - Interim Results for the Six Months Ended 28 February 2022

Short-Form Announcement:  Trustco Group Holdings Limited - Interim Results for the Six Months Ended 28 February 2022

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”)

Short-Form Announcement: Trustco Group Holdings Limited - Interim Results for the Six Months Ended 28
February 2022

Trustco herewith publishes its unaudited condensed consolidated interim results for the six months ended
28 February 2022 (“Interim Results”), which Interim Results are compared to the six months ended 28
February 2021 (“Corresponding Period”).

1. Abridged Results
   •    Revenue decreased by 76% to NAD 51.6 million from NAD 213.4 million in the Corresponding Period.
   •    Profit before tax increased to NAD 578.6 million from a loss before tax of NAD 291.4 million in the
        Corresponding Period.
   •    Headline earnings increased to NAD 26.8 million from a headline loss of NAD 264.2 million in the
        Corresponding Period.
   •    Headline earnings per share (HEPS) increased to 1.70 cents from headline loss per share (HLPS) of
        16.82 cents in the Corresponding Period.
   •    Basic earnings increased to NAD 578.6 million from the basic loss of NAD 265.4 million in the
        Corresponding Period.
   •    Basic earnings per share (EPS) increased to 36.63 cents from the loss per share (LPS) of 16.89 cents
        in the Corresponding Period.
   •    Net Asset Value per share increased to NAD 4.13 per share from NAD 1.48 per share in the 31 August
        2021 Audited Results.
   •    No dividends have been declared for the six months ending 28 February 2022 which is unchanged
        from the Corresponding Period.

2.  Interim Results
    The Company wishes to inform shareholders that the full announcement in respect of the Interim
    Results has been published at:-
   https://senspdf.jse.co.za/documents/2022/jse/isse/tto/INT2022.pdf and on the Company's website
    at https://www.tgh.na/investors/results-centre/


3.  Statement of Compliance and Basis of Preparation
    This short-form announcement contains only a summary of the information in the full announcement
    and does not contain the full and complete details and is the responsibility of the directors.
    Please refer to the full announcement released on SENS for additional information. In addition,
    electronic copies of the full announcement may be requested and obtained, at no charge, during office
    hours from the company secretary at komada@tgh.na, or from the sponsor at
    sponsor@vunanicapital.co.za.

      Any investment decisions by investors and/or shareholders should be based on consideration of the
      full announcement made on Trustco’s website.


Windhoek, Namibia,
30 June 2022


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: 29-06-2022 05:40:00
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