Resources Segment Operational Update: Meya Mining (Meya) 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 ISIN Number: NA000A0RF067 (“Trustco” or “the Company”) RESOURCES SEGMENT OPERATIONAL UPDATE: MEYA MINING (MEYA) Trustco is pleased to advise shareholders (“Shareholders”) of the following update related to Meya’s operations and activities: • Meya submitted its large scale mining license application to the Ministry of Mines and Mineral Resources in Sierra Leone on 20 May 2019, which encompasses an area of 129.385km2 . • One of the criteria for a mining license is that Meya enters into Community Development Agreements and Surface Lease Agreements with the four (4) Primary Host Communities living in the license area. These Agreements were signed on 7 June 2019. • Pursuant to the Community Development Agreements, Meya would pay 0.25% of its gross revenue into the Community Development Funds of the four (4) Primary Host Communities annually. • The funds will be used exclusively to fund community development activities in the Primary Host Communities. The 0.25% of Meya’s gross revenue will be divided among the four (4) Primary Host Communities as follows: - 50% to the Nimikoro Chiefdom - 30% to the Tankoro Chiefdom - 10% to the Kamara Chiefdom - 10% to the Gbense Chiefdom • Meya is particularly delighted by this development as it underscores and will further strengthen its partnership with its Primary Host Communities. The signing ceremony can been viewed at https://www.tgh.na/10-june-2019-meya-mining-limited-signs-cda-and-surface- lease/ Windhoek, Namibia 10 June 2019 Amanda Bruyns Company Secretary: Trustco Group Holdings Limited JSE Sponsor Vunani Corporate Finance NSX Sponsor Simonis Storm Securities Proprietary Limited Date: 10/06/2019 01:00:00 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.
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