Trencor’s Textainer aquires 30 000 TEU of managed containers

23 January 2014

(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506

We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 48,3% beneficiary interest:

“Hamilton, Bermuda – (Business Wire) – Jan. 22, 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 30,000 TEU (twenty-foot equivalent units) of standard dry freight containers from its managed fleet for approximately $35 million. The acquisition consists of standard dry freight containers and increases the percentage of Textainer’s owned fleet to 77%.

“We are pleased to once again purchase containers from our managed fleet as we continue to execute on Textainer’s long standing strategy to grow our overall fleet and increase the ownership percentage,” stated Philip K. Brewer, Textainer President and Chief Executive Officer. “This transaction increases the owned portion of our fleet to 77% up from 59% owned 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.”

Textainer Group Holdings Limited
Hillard C. Terry, III, +1 415-658-8214
Executive Vice President and Chief Financial Officer

Trencor Services (Pty) Ltd
23 January 2014

Rand Merchant Bank (A division of FirstRand Bank Limited)