Disclosure of Disposal of Trencor shares TRENCOR LIMITED (Incorporated in the Republic of South Africa) (Registration No 1955/002869/06) Share Code: TRE ISIN: ZAE000007506 (“Trencor” or “the Company”) DISCLOSURE OF DISPOSAL OF TRENCOR SHARES In accordance with the JSE Limited Listings Requirements and Section 122 of the Companies Act 71 of 2008 (“the Act”), shareholders are advised that the Public Investment Corporation SOC Limited has formally notified the Company that its total beneficial interest held in the Company has decreased from 9,79% to 4,29%. As required in terms of section 122(3)(a) of the Act, the Company has filed the required notice with the Takeover Regulation Panel. Trencor Services Proprietary Limited Secretaries 29 October 2020 Sponsor: Investec Bank Limited www.trencor.net Date: 29-10-2020 02:18:00 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.