Amendment to the Sale of Shares and Option Agreement to Dispose of Minority Shareholding in Trustco Resources 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”) AMENDMENT TO THE SALE OF SHARES AND OPTION AGREEMENT ENTERED INTO TO DISPOSE OF A MINORITY SHAREHOLDING IN TRUSTCO RESOURCES TO RISKOWITZ VALUE FUND 1. Introduction Trustco shareholders (“Shareholders”) are referred to the announcement released on SENS on 20 March 2020 and using the defintions therein. Shareholders are advised that an addendum (“Addendum”) to the Agreement has been entered into by the Parties on 16 September 2020 with such Addendum amending the Option Period from a six month period to a twelve month period. The Addendum, read with the Agreement, will have the effect that should RVF not exercise the Option within a twelve month period from the Signature Date of the Agreement, the Option shall lapse unless the Option Period is extended by written agreement between the Parties. Other than the changes contained in the Addendum as set out above, no other amendments in respect of the Agreement have been made. Windhoek, Namibia 17 September 2020 Komada Holdings (Pty) Ltd Company Secretary and Investor Relations Services to Trustco Group Holdings Limited Trustco Group Holdings Limited JSE Sponsor Vunani Corporate Finance - Johannesburg NSX Sponsor Simonis Storm Securities Proprietary Limited – Windhoek OTCQX Sponsor J.P Galda & Co – New York Date: 17-09-2020 04:30:00 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.