Cautionary Announcement: Trustco Group Holdings Limited ("Trustco") Transactions in Progress 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") CAUTIONARY ANNOUNCEMENT: TRUSTCO GROUP HOLDINGS LIMITED ("TRUSTCO") TRANSACTIONS IN PROGRESS Trustco Shareholders ("Shareholders") are advised that the Company is in the process of concluding pivotal transactions with key shareholders: • A planned equity investment in the amount of up to NAD950 million, through an option granted to United States fund Riskowitz Value Fund LP (RVF), by way of a fresh issue of Trustco shares to RVF. RVF will be able to make a cash investment of up to NAD 950 million into Trustco, entrenching itself as a key anchor investor and enabling the acceleration of value creation activities already underway at Trustco, including share buybacks and the payment of dividends. • Trustco is increasing its equity stake in Legal Shield Holdings Limited to 91.35% by acquiring 11.35% from RVF. Trustco currently holds 80% in this entity that houses the insurance and valuable real estate portfolios. If successfully concluded, the Transactions might have a material effect on the price of the Company's securities. Accordingly, Shareholders are advised to exercise caution when dealing in the Company's securities until a further detailed announcement regarding the Transactions is made. Any questions can be sent via email to the company secretary at komada@tgh.na. Windhoek, Namibia, 16 January 2024 Komada Holdings (Pty) Ltd Company Secretary and Investor Relations Services to 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: 16-01-2024 09:19:00 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.