TRUSTCO GROUP HOLDINGS LIMITED - Trustco Group Holdings Limited ("Trustco"): SCA Judgement on JSE Directive

Trustco Group Holdings Limited ("Trustco"): SCA Judgement on JSE Directive

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)
JSE share code: TTO
NSX share code: TUC
OTCQX share code: TSCHY
ISIN Number: NA000A0RF067
("Trustco" or "Company")


TRUSTCO GROUP HOLDINGS LIMITED ("TRUSTCO"): SCA JUDGEMENT
ON JSE DIRECTIVE


Trustco hereby informs shareholders that the Supreme Court of Appeal (SCA) of South
Africa has delivered its judgement regarding the Company's appeal against the
Johannesburg Stock Exchange (JSE) directive to restate its financial statements for the year
ending March 31, 2019.


The SCA has affirmed the JSE's authority to direct the restatement of financial statements
of issuers years after their boards, expert advisors and independent external auditors
approved its financial statements.


Additionally, the SCA has confirmed that, in line with Section 224 of the Financial Markets
Act 9 of 2017, members of the Financial Services Tribunal do not need to have experience
or expert knowledge of financial services or the financial system in order to adjudicate on a
case.


Trustco has already complied with the JSE's directive, and no further action is required.


The judgement can be found on Trustco's website at: https://www.tgh.na/downloads/


Windhoek, Namibia,
20 June 2024

Komada Holdings (Pty) Ltd
Company Secretary and Investor Relations Services to Trustco Group
Holdings Limited


JSE Sponsor
Vunani Sponsors


NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek


OTCQX Sponsor
J.P Galda & Co – New York



Date: 20-06-2024 04:59:00
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