Net asset value (NAV) of Trencor
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
NET ASSET VALUE (“NAV”) OF TRENCOR
Following the release of Trencor’s Reviewed Provisional Results for the year ended 31 December 2016 on the Stock Exchange News Service on 28 April 2017, Trencor has received requests from investors for the provision of a breakdown of its NAV.
Based on the spot exchange rate of US$1 = R13,58 and the price of Textainer’s shares listed on the NYSE on 31 December 2016 (US$7,45), the NAV of Trencor at that date was as follows:
|R Million||R Per Share|
|Beneficiary interest in Textainer||2 759,8||15,58|
|Beneficiary interest in TAC (US GAAP NAV)||1 069,0||6,04|
|Net assets (includes TAC IFRS adjustments)||238,1||1,35|
These rand amounts have been prepared by management and are unaudited.
Trencor Services (Pty) Ltd
10 May 2017
RAND MERCHANT BANK (A division of FirstRand Bank Limited)