Appointment of External Auditor for South African Operations: SAB&T Chartered Accountants Incorporated 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”) APPOINTMENT OF EXTERNAL AUDITOR FOR SOUTH AFRICAN OPERATIONS: SAB&T Chartered Accountants Incorporated (“Nexia SAB&T”) Trustco shareholders are referred to SENS announcement on 27 March 2020 in terms whereof it was announced that the Company’s external auditors for the South African operations resigned. The external auditors BDO Namibia remained as the auditors for the Company’s Namibian operations. Trustco advises shareholders that the auditors Nexia SAB&T was appointed to act as Trustco’s JSE accredit external auditors from 6 July 2020 for its South African operations. Nexia SAB&T was awarded, firm of the year: accounting class by SAPSA for 2019/2020. Johandre Engelbrecht will act as Trustco’s engagement director together with his team. BDO Namibia remain the external auditors for the Namibian operations and Moore Stephens for the Mauritius and Sierra Leone operations. 7 July 2020 Komada Holdings (Pty) Ltd Company Secretary and Investor Relations Services to Trustco Group Holdings Limited 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: 07-07-2020 03:00:00 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.