News

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

CONVERSION OF US DOLLAR DEPOSITS INTO RAND

All of Trencor’s US dollar offshore deposits, as well as the US dollar deposits previously held by an escrow agent on behalf of and for Trencor’s benefit, have been remitted to South Africa and converted into SA Rand.

The conversion of the US dollars in the amount of US$74,20 million yielded R1,39 billion at an average rate of R18,7796.

These funds are currently held on deposit in interest-bearing instruments with South African commercial banks.

The board is continuing to receive advice in relation to the most effective manner to wind up the Company and related matters. Once the board has received the advice it requires, the board will make a determination on the process it wishes to follow and will advise shareholders accordingly.

Trencor Services Proprietary Limited
Secretaries

16 January 2025

Sponsor: Investec Bank Limited