Trencor

Net asset value (“NAV”) of Trencor

TRENCOR LIMITED

(Incorporated in the Republic of South Africa)

(Registration No 1955/002869/06)

Share Code: TRE

ISIN: ZAE000007506

(“Trencor”)

                                                                                         NET ASSET VALUE (“NAV”) OF TRENCOR

Based on the relevant spot exchange rates and the listed share prices of Textainer Group Holdings Limited (NYSE: TGH) (“Textainer”), the NAV of Trencor at these dates were as follows: 

 

31 December 2017

  30 September 2017

Textainer share price

         US$21,70

        US$17,15

Spot exchange rate US$1 equals

           R12,37

           R13,52

 

 

R million

            R per Trencor share

 

   R million

R per Trencor share

Beneficiary interest in Textainer

7 323

41,35

6 325

35,72

Beneficiary interest in TAC Limited (TAC) (US GAAP NAV)

                       1 004

                         5,67

                   1 095

                       6,18

Cash (excluding in Textainer and TAC)

                        1 095

                        6,19

                   1 235

                          6,98

Other net assets (refer to note below)

195

1,10

245

1,38

Total NAV

9 617

54,31

8 900

50,26

Note: All numbers at 31 December 2017 are actuals with the exception of the provisional R195 million described as “Other net assets”.  Included in this number is the IFRS adjustment required to convert the results of TAC from US GAAP into IFRS.  Any change to this provisional number is expected to be immaterial.

These numbers have been prepared by management and are unaudited.

Trencor Services (Pty) Ltd
Secretaries
8 May 2018

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

 

 

 

 

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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.

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