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Title: KEY TRUSTCO SHAREHOLDER EXTENDS LOAN AGREEMENT, ENHANCING GROWTH OPPORTUNITIES

Windhoek, Khomas, Namibia, 3rd Apr 2024 - Trustco Group Holdings Limited (“Trustco”) is pleased to announce that Next Capital (Pty) Ltd ("Next"), a key shareholder and lender to the Company, has elected to extend the repayment date for a N$1 billion related party loan. The decision comes as Trustco and Next engage in negotiations that could see the loan converted into an equity stake, positioning the Company for enhanced growth opportunities.     Mr Floors Abrahams, Trustco's Financial Director"This loan extension from Next is a strong vote of confidence in Trustco's long-term prospects and growth strategy," said Floors Abrahams, Trustco's Financial Director. "We appreciate Next's collaborative approach and willingness to explore an arrangement that could create significant value for all investors."Under the terms of the loan agreement approved by shareholders on 22 January 2019, the full N$1 billion capital amount was originally due for repayment on March 31, 2024. However, Next has exercised its contractual right to postpone the repayment until the ongoing negotiations between the parties culminate in a new agreement or Next revokes the extension.Trustco is committed to leveraging this extension to further its strategic objectives and enhance shareholder value. The potential conversion of the loan into an equity stake underscores the shared vision and commitment between Trustco and Next, and is a testament to the robustness of Trustco’s growth strategy. The Board is confident that this development will pave the way for a prosperous future, and it looks forward to sharing more updates as they unfold. This marks the dawn of an exhilarating new era in Trustco’s ongoing saga.About Trustco:Trustco Group Holdings Ltd is an investment entity headquartered in W...

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