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Textainer refinances its US$1,2 billion warehouse financing facility

TRENCOR LIMITED

(Incorporated in the Republic of South Africa)

(Registration No 1955/002869/06)

Share Code: TRE

ISIN: ZAE000007506

(“Trencor”)

TEXTAINER REFINANCES ITS US$1,2 BILLION WAREHOUSE FINANCING FACILITY

We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 48% beneficiary interest:

“Hamilton, Bermuda - (Business Wire) - Sep. 6, 2017 - Textainer Group Holdings Limited (NYSE: TGH) (“Textainer” or the “Company”), one of the world’s largest lessors of intermodal containers, today announced that Textainer Marine Containers II Limited (“TMCL II”), an indirect, wholly-owned subsidiary of the Company, closed a refinancing to extend the term and lower the interest rate on its $1.2 billion warehouse financing facility used to acquire intermodal containers.

The facility incorporates a three-year revolving period that was extended to August 2020. If not refinanced or renewed following the three-year revolving period, the facility will partially amortize over the following four years and then mature. Pricing on the facility consists of a spread over the London Interbank Offered Rate (LIBOR). The spread was reduced from 2.25% to 1.90%.

“The warehouse facility is a key financing vehicle and the refinanced terms improve our funding costs and provide capacity for increased fleet growth in a very strong market,” commented Hilliard C. Terry, III, Textainer Executive Vice President and Chief Financial Officer.

The existing syndicate of lenders, consisting of Wells Fargo Bank, National Association; ABN AMRO Capital USA LLC; Bank of America; ING Bank Belgium NV/SA, N.A.; Royal Bank of Canada; SunTrust Bank; and KeyBank National Association, is joined by the addition of PNC Bank, National Association; Fifth Third Bank; and Everbank Commercial Finance Inc.

“We value the partnership and support of our new and long term banking relationships,” concluded Mr. Terry.

Textainer Group Holdings Limited
Hilliard C. Terry, III, +1 415-658-8214
Executive Vice President and Chief Financial Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.

Trencor Services (Pty) Ltd
Secretaries
7 September 2017

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Home News 2017 News Textainer refinances its US$1,2 billion warehouse financing facility

About Trencor

TRENCOR LIMITED is an investment holding company listed on the JSE. Trencor benefits from operations that focus on owning, leasing, managing and trading marine cargo containers worldwide, and related finance activities. Trencor has a beneficiary interest in Textainer.

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