News

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

TRENCOR’S TEXTAINER ANNOUNCES CHANGES TO TAX TREATMENT FOR DISTRIBUTIONS MADE IN 2014 TO U.S. SHAREHOLDERS

We draw attention to the following news release issued by Textainer Group Holdings Limited, in which Trencor has a 48,2% beneficiary interest:

“Hamilton, Bermuda – (Business Wire) – Apr. 3, 2014 – Textainer Group Holdings Limited (NYSE: TGH) (“Textainer” or the “Company”), the world’s largest lessor of intermodal containers based on fleet size, today announced that beginning in 2014 it will calculate earnings and profits under U.S. federal income tax principles for purposes of determining whether distributions to shareholders exceed the Company’s current and accumulated earnings and profits. If 2014 or future year distributions to shareholders exceed the Company’s earnings and profits calculated under U.S. federal income tax principles, some or all of such distributions may be treated by U.S. shareholders as a return of capital rather than dividends. The Company currently believes that some or all of its 2014 distributions will be treated as a return of capital to shareholders. However, the exact determination will not be completed until early 2015. Generally, the portion of a distribution to shareholders that is treated as a return of capital reduces the shareholder’s tax basis in the common shares with any amounts distributed in excess of a holder’s adjusted tax basis taxable as capital gains.

The taxability of distributions to shareholders does not impact the Company’s corporate tax position.

Shareholders should consult with their own independent tax advisor to determine the proper tax treatment of distributions and should consult the section titled “Taxation of U.S. Holders” in the Company’s Annual Report Form 20-F filed with the Securities and Exchange Commission on March 19, 2014. U.S. shareholders are urged to confirm that they and their brokerage firms have accurate information with respect to their tax basis in Textainer shares and to carefully review for accuracy their 2014 tax statements when received from brokerage firms in early 2015.

The changes noted above do not affect dividends received by shareholders in 2013 or prior years.

Textainer Group Holdings Limited
Hilliard C. Terry, III, +1 415-658-8214
Executive Vice President and Chief Financial Officer
ir@textainer.com“

Trencor Services (Pty) Ltd
Secretaries
4 April 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)