Trencor's Textainer aquires 7 600 TEU of managed containers
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
TRENCOR'S TEXTAINER AQUIRES 7 600 TEU OF MANAGED CONTAINERS
We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 48,1% beneficiary interest:
"Hamilton, Bermuda - (Business Wire) - July 15, 2014 - Textainer Group Holdings Limited (NYSE: TGH)("Textainer", "we", and "our"), the world's largest lessor of intermodal containers based on fleet size, today announced that it acquired approximately 7,600 TEU (twenty-foot equivalent units) of standard dry freight and refrigerated containers from its managed fleet for approximately $9.4 million.
"We are pleased to purchase additional containers from our managed fleet as we continue to grow our overall fleet and increase the percentage we own," stated Philip K. Brewer, President and Chief Executive Officer of Textainer. "This transaction increases the owned portion of our fleet to 77% up from 59% at the start of 2012. The acquired containers are seasoned income producing assets which we expect will be immediately accretive to earnings and contribute to long-term growth in shareholder value," concluded Mr. Brewer.
Textainer Group Holdings Limited
Hilliard C. Terry, III, +1 415-658-8214
Executive Vice President and Chief Financial Officer
Trencor Services (Pty) Ltd
15 July 2014
RAND MERCHANT BANK (A division of FirstRand Bank Limited)