Trustco Group Holdings Limited secures investment partnership with Riskowitz Value Fund 

Trustco Group Holdings Limited (“Trustco” or “the Company”) has announced that Riskowitz
Value Fund (“RVF”), a US-based fund, has entered into a six-month non-exclusive agreement to
invest up to USD 100 million of hybrid capital into Trustco.

“RVF’s proven track record and in-depth understanding of global markets make them a valuable
asset as we explore strategic investment opportunities,” said Quinton Zandré van Rooyen,
Trustco’s deputy CEO. “This collaboration aligns perfectly with our combined vision.”

“With the listed equities on the JSE shedding nearly ZAR 2.3 trillion in market capitalisation in 2023,
Trustco actively sought opportunities to access new sources of capital,” he continued. “RVF is a
23% shareholder in Trustco and has been an equity holder in Trustco for more than 10 years. Their
confidence in our diverse portfolio of investments, strong management team, and growth prospects
make them an ideal collaborator. We are confident that their investment expertise and knowledge
of the North American capital markets will be invaluable. This strategic alliance sets the stage for
Trustco’s next chapter of unparalleled growth.”

The agreement stipulates that RVF can invest up to USD 100 million for its own account,
and no commission or fee will be paid by either party. Investors can expect Trustco to make the
necessary public disclosures regarding progress in due course through the relevant stock exchange
news services.

The transactions allow Trustco and RVF to capitalise on the unreasonably low market valuation of
Trustco, to create long-term value for all Trustco shareholders.

-Trustco Group Holdings Limited