TRUSTCO GROUP HOLDINGS LIMITED - Indicative Timeline to Complete Outstanding Namibian and South African Audits on Subsidiary Level

Indicative Timeline to Complete Outstanding Namibian and South African Audits on Subsidiary Level

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
ISIN: NA000A0RF067

("Trustco" or "the Company")



            INDICATIVE TIMELINE TO COMPLETE OUTSTANDING NAMIBIAN AND
                     SOUTH AFRICAN AUDITS ON SUBSIDIARY LEVEL


Shareholders are referred to previous announcement made on SENS dated 30 April 2026
regarding the suspension of the trading of the Company's shares on the JSE Limited,
updates on the audit processes and the publication of the Trustco Group ("TGH") audited
annual financial statements for the financial years ended 31 August 2024 and 31 August
2025 (the "TGH Audits").

The principal factor affecting the timing of commencement of the TGH Audits is the need to
first finalise certain underlying regulated Namibian and South African subsidiary and
investee audits of the Trustco Group. These subsidiary and regulated audits are well
advanced and the Board expect finalisation of it during quarter three of this year.

Based on the current audit plan, and assuming:
§ conclusion of the required subsidiary and investee audits; and
§ the appointment of Trustco and Trustco Group auditors in line with the guidance provided
  by the JSE Limited,
Trustco expects the outstanding audits to be completed during quarter four of this year.

The Board is encouraged by the progress achieved and remains committed to restoring the
Company's reporting timetable, completing the outstanding Namibian and South African
audits, and providing shareholders and the market with up-to-date financial information as
soon as practicably possible.

A further announcement will be made as and when appropriate.

By order of the Board
2 July 2026

JSE Sponsor
DEA-RU

NSX Sponsor
Simonis Storm Securities Proprietary Limited – Windhoek

Date: 02-07-2026 01:31:00
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