Distribution in specie of Textainer Shares: Cash Value of Fractional Shares Trencor Limited (Incorporated in the Republic of South Africa) (Registration No 1955/002869/06) Share code: TRE ISIN: ZAE000007506 (“Trencor”) DISTRIBUTION IN SPECIE OF TEXTAINER SHARES: CASH VALUE OF FRACTIONAL SHARES Shareholders are referred to the SENS announcement dated 26 May 2020 regarding the Unbundling to shareholders of the Unbundling Shares that will be implemented on Monday, 15 June 2020. Capitalised terms (i.e. denoted by words with a capitalised first letter) used in this announcement shall bear the same meaning as ascribed to them in such SENS announcement. Shareholders are advised that the Cash Value that will be utilised in determining the consideration due to shareholders for any Fractional Share has been determined as R134,04951. This is based on the volume weighted average traded price of a Textainer inward secondary JSE listed share (share code: TXT) of R148,94390 traded on the JSE on 10 June 2020, reduced by 10%, as prescribed by the JSE Listings Requirements. Trencor Services Proprietary Limited Secretaries 11 June 2020 Financial Advisor and Transaction Sponsor Investec Bank Limited Legal and Tax Advisor Edward Nathan Sonnenbergs Inc. www.trencor.net Date: 11-06-2020 09:30:00 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.