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Title: FOUNDING FAMILY ACQUIRES NAD 297M USD 16M LONG-TERM FOREIGN DEBT OF TRUSTCO

Windhoek, Khomas, Namibia, 18th Mar 2025 - Trustco Group Holdings Limited ("Trustco" or "the Group") today announced that Next Capital (Pty) Ltd ("Next Capital"), the founding family shareholder of Trustco, has acquired international debt to the amount of NAD 297 million (USD 16 million) of an investment subsidiary of Trustco.This acquisition increases Trustco's total debt to Next Capital to NAD 5 121 million (USD 280 million), reflecting a debt package that includes both interest-bearing and non-interest-bearing components, subordinated and first-ranked obligations, as well as secured, unsecured and equity debts. After this acquisition, the founding family holds 70% of long-term debt across the group.Quinton Z van Rooyen, Deputy CEO of Trustco Group HoldingsThis development comes as Trustco pursues its planned delisting from the Johannesburg Stock Exchange (JSE) and its anticipated listing on the NASDAQ, as previously announced as part of the Group’s strategy to access broader international capital markets. The acquisition by Next Capital allows Trustco to optimize its financial structure ahead of this transition."This debt acquisition by the founding family represents another vote of confidence – not only in Trustco's future as we transition to the NASDAQ, but also in Namibia's growing long-term economic prospects," said Quinton Z van Rooyen, Deputy CEO of Trustco Group Holdings. "It’s about creating a foundation that aligns Trustco’s debtholders to its vision of opening new markets and new opportunities. The next chapter is set to position Trustco to be the gateway of choice for foreign private investment into Namibia.”About Trustco:Trustco Group Holdings Limited is a holding company headquartered in Windhoek, Namibia, that owns subsidiaries engaged in diverse busine...

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