TRUSTCO GROUP HOLDINGS LIMITED - Cautionary Announcement: Trustco Group Holdings Limited ("Trustco") Transactions in Progress

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
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