TRUSTCO GROUP HOLDINGS LIMITED - Trustco Group Holdings Limited ("Trustco"): Late Submission of Annual Financial Statements

Trustco Group Holdings Limited ("Trustco"): Late Submission of Annual Financial Statements

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 "Company")


TRUSTCO GROUP HOLDINGS LIMITED ("TRUSTCO"): LATE SUBMISSION OF
ANNUAL FINANCIAL STATEMENTS


Shareholders of Trustco are advised that Trustco's annual financial statements for the
financial year end for the period 31 August 2024 ("AFS FY2024") were earmarked to be
reviewed by 30 November 2024 and completed by 31 December 2024.


Shareholders are advised that the AFS FY 2024 would not be published by 31 December
2024 due to the following reasons:


1.   The auditors have completed their audit planning and pre-work as far as possible but
     only received their work visas to enter Namibia during the end of the first week in
     December 2024.

2.   Completing the transaction circular for the LSH Transaction, as announced on SENS
     on 5 December 2024, was delayed longer than expected with the auditors being
     heavily engaged in the process.

3.   Shareholders are referred to the announcement of 12 November 2024, in which it was
     advised that Trustco filed its application to upgrade its primary listing to a direct listing
     on the Nasdaq Stock Market ("Nasdaq") under the share code "TRCO."

4.   Shareholders were advised that the Company is in the process of completing the U.S.
     regulatory requirements of the Nasdaq, which also includes a Public Company
     Accounting Oversight Board Audit ("PCAOB" audit) of the Annual Financial year for
     the period ended 31 August 2023 and the AFS FY 2024 year by USA auditors. These
     processes are being run concurrently with the South African and Namibian audits and
     will resume on the 6th of January 2025.

Trustco aims to publish financial year end result on or before 31 January 2025.



Windhoek, Namibia,
18 December 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: 18-12-2024 01:48:00
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