TRUSTCO GROUP HOLDINGS LIMITED - Voluntary Announcement: Trustco Exits Commercial Banking Portfolio

Voluntary Announcement: Trustco Exits Commercial Banking Portfolio

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")




VOLUNTARY ANNOUNCEMENT: TRUSTCO EXITS COMMERCIAL BANKING PORTFOLIO


Trustco Group Holdings Ltd ("Trustco") shareholders are referred to the voluntary
announcement published on SENS on 30 September 2022. Trustco Bank Namibia Limited
("Trustco Bank") has resolved to return its banking license to Bank of Namibia for
cancellation, effective immediately. Trustco's commercial banking portfolio accounts for less
than 1% of its total investments. All depositors funds are 100% fully secured and held by
Bank of Namibia.


Windhoek, Namibia,
23 August 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: 23-08-2024 12:27:00
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