TRENCOR LIMITED - Conversion of US Dollar Deposits into Rand

Conversion of US Dollar Deposits into Rand

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor" or "the Company")

CONVERSION OF US DOLLAR DEPOSITS INTO RAND

All of Trencor's US dollar offshore deposits, as well as the US dollar deposits previously
held by an escrow agent on behalf of and for Trencor's benefit, have been remitted to
South Africa and converted into SA Rand.

The conversion of the US dollars in the amount of US$74,20 million yielded R1,39 billion
at an average rate of R18,7796.

These funds are currently held on deposit in interest-bearing instruments with South
African commercial banks.

The board is continuing to receive advice in relation to the most effective manner to wind
up the Company and related matters. Once the board has received the advice it requires,
the board will make a determination on the process it wishes to follow and will advise
shareholders accordingly.

Trencor Services Proprietary Limited
Secretaries

16 January 2025

Sponsor: Investec Bank Limited

www.trencor.net

Date: 16-01-2025 01:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.