Dealings in Securities by an Associate of an Executive Director 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”) Dealings in securities by an associate of an executive director Trustco Shareholders (“Shareholders”) are referred to the SENS Announcements dated 8 October 2018, 20 February 2019, 3 March 2019 and 27 June 2019. Trustco and Dr van Rooyen aim to increase the free float, improve liquidity and aid in the price discovery of Trustco shares as well as meet various index liquidity requirements. Shareholders are advised that a sale of 5 000 000 Trustco shares (“Sale Shares”), held by an associate of Dr van Rooyen, was concluded in line with the above rationale, at an average price of ZAR10.00 per share. The Sale Shares represent 0.7% of Dr van Rooyen’ s total shareholding. The sale will not lead to a change of control in Trustco with Dr van Rooyen remaining the majority and controlling shareholder in Trustco. In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements (‘Listings Requirements”), the Company discloses the following dealings in securities by an associate of an executive director of Trustco: Name of Director: Quinton van Rooyen Designation: Group Managing Director / CEO Nature of transactions: Off-market sale of shares Class of Security: Ordinary shares Nature of Interest: Indirect via an associate – Le Hugo Investments Clearance obtained: Yes Date of transaction: 30 September 2019 Tranche 1 number of 2 500 000 securities: Tranche 1 price per security 600 (cents): Value of tranche 1 securities 15 000 000 sold (NAD): Tranche 2 number of 2 500 000 securities : Tranche 2 price per security 1400 (cents) Value of tranche 2 securities 35 000 000 sold (NAD): Windhoek, Namibia 2 October 2019 Heleen Steyn Acting Company Secretary: Trustco Group Holdings Limited JSE Sponsor Vunani Corporate Finance - Johannesburg NSX Sponsor Simonis Storm Securities Proprietary Limited – Windhoek OTCQX Sponsor J.P Galda – New York Date: 02/10/2019 03:32:00 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.