Windhoek, Khomas, Namibia, 18th Mar 2025 – Trustco Group Holdings Limited (“Trustco” or “the Group”) today announced that Next Capital (Pty) Ltd (“Next Capital”), the founding family shareholder of Trustco, has acquired international debt to the amount of NAD 297 million (USD 16 million) of an investment subsidiary of Trustco.

This acquisition increases Trustco’s total debt to Next Capital to NAD 5 121 million (USD 280 million), reflecting a debt package that includes both interest-bearing and non-interest-bearing components, subordinated and first-ranked obligations, as well as secured, unsecured and equity debts. After this acquisition, the founding family holds 70% of long-term debt across the group.

Quinton Z van Rooyen, Deputy CEO of Trustco Group Holdings

This development comes as Trustco pursues its planned delisting from the Johannesburg Stock Exchange (JSE) and its anticipated listing on the NASDAQ, as previously announced as part of the Group’s strategy to access broader international capital markets. The acquisition by Next Capital allows Trustco to optimize its financial structure ahead of this transition.

“This debt acquisition by the founding family represents another vote of confidence – not only in Trustco’s future as we transition to the NASDAQ, but also in Namibia’s growing long-term economic prospects,” said Quinton Z van Rooyen, Deputy CEO of Trustco Group Holdings. “It’s about creating a foundation that aligns Trustco’s debtholders to its vision of opening new markets and new opportunities. The next chapter is set to position Trustco to be the gateway of choice for foreign private investment into Namibia.”

About Trustco:

Trustco Group Holdings Limited is a holding company headquartered in Windhoek, Namibia, that owns subsidiaries engaged in diverse business activities spanning the real estate, mining, insurance, micro-finance, and education sectors.

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 4 168 in 2023. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.5% in 2024 and 4.0% in 2025, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

Sydney, NSW, Australia, 18th Mar 2025 – KOSEC – Kodari Securities, a leading financial services firm, has successfully expanded its operations to cover US equities, marking a significant milestone in the company’s global growth strategy. The firm has established offices in New York at the prestigious One World Trade Center in Lower Manhattan, further strengthening its presence in the world’s largest financial market.

With this strategic expansion, KOSEC has developed the infrastructure, technology, human resources, and expertise necessary to provide sophisticated market insights and investment opportunities across the US equities landscape. This move solidifies the company’s commitment to delivering world-class financial services while offering its clients unparalleled access to a dynamic and evolving market. KOSEC’s expansion underscores its continued leadership in global finance, reinforcing its status as a premier investment firm trusted by investors worldwide.

The expansion into the US is the culmination of years of meticulous planning and investment, ensuring that KOSEC can provide the same level of precision, expertise, and innovation that has positioned it as a leader in the Australian equities market. By leveraging cutting-edge technology and advanced data analytics, KOSEC is now well-equipped to navigate the complexities of the American financial sector, offering strategic investment insights for its global clientele.

Michael Kodari, CEO of KOSEC, expressed his enthusiasm about the company’s expansion, stating, “The United States represents the pinnacle of global financial markets, and our presence in New York is a defining moment for KOSEC. This move allows us to harness the opportunities in the world’s largest economy while continuing to provide our clients with cutting-edge investment products and services.”

KOSEC’s entry into the US equities market is a testament to its commitment to growth, innovation, and superior client service. The firm has invested heavily in acquiring top-tier talent, ensuring that its clients receive expert guidance in navigating one of the most sophisticated financial landscapes in the world. With a team of seasoned professionals, KOSEC is poised to offer comprehensive insights, investment strategies, and unparalleled research capabilities to both institutional and individual investors.

Speaking on the strategic importance of the expansion, Kodari added, “This is more than just a geographic expansion; it is about establishing a presence at the heart of global finance. Our ability to access real-time market intelligence, engage directly with industry leaders, and leverage our proprietary investment strategy will provide significant advantages to our clients.”

The establishment of KOSEC’s New York office also brings new opportunities for Australian investors looking to diversify into US equities. Through advanced trading systems, AI-driven market analysis, and expert-driven insights, KOSEC is uniquely positioned to offer investment solutions that cater to a globalised investor base.

The firm’s proprietary technology and research capabilities, including its innovative valuation models and data-driven strategies, will now extend beyond Australian markets to include key sectors within the US, such as technology, healthcare, financial services, and energy. This enables clients to make well-informed, data-backed decisions while capitalising on global market trends.

“We are entering this market with the same ethos that has driven our success in Australia – a relentless pursuit of excellence, a client-first approach, and an unwavering commitment to delivering sophisticated investment products,” Kodari emphasised.

As KOSEC continues its trajectory of innovation and expansion, this milestone underscores the company’s mission to provide world-class investment products across international markets. The opening of its New York office at One World Trade Center is just the beginning of its broader vision to redefine the future of global investing.

About KOSEC – Kodari Securities:

KOSEC is a premier investment firm offering expert guidance in wealth management and strategic investing. By equipping clients with advanced insights and cutting-edge resources, KOSEC empowers investors to make informed financial decisions with confidence. The firm works with a diverse clientele, including individuals, family offices, SMSFs, corporations, and institutional investors, ensuring access to top-tier financial expertise. With a strong foundation in research, technology, and innovation, KOSEC remains at the forefront of global finance, providing clients with the tools needed to navigate complex markets successfully.

KOSEC’s expansion into the US underscores its dedication to innovation and leadership in the financial sector. By continually adapting to market changes and leveraging advanced technology, KOSEC ensures that clients receive the highest level of service and expertise.

About Michael Kodari:

Michael Kodari is an internationally recognised investor, philanthropist, and thought leader in the financial sector. As the founder and CEO of KOSEC, he has been instrumental in shaping investment strategies that drive success for clients worldwide. Frequently featured in leading financial media, Kodari has built a reputation for delivering expert market insights and innovative wealth management solutions. His contributions to global finance extend beyond investment management, with a commitment to education, research, and thought leadership in the ever-evolving world of financial markets.

Kodari’s influence spans multiple platforms, from media appearances to industry conferences, where he shares expert insights on market trends and investment strategies. His leadership at KOSEC continues to drive the firm’s expansion and success on a global scale.

IT Pros Management Inc., a leader in managed IT and cybersecurity services, has expanded into Las Vegas, NV to meet the growing demand for reliable IT support among Nevada businesses. The company offers a wide range of solutions, including managed IT services, cloud computing, and advanced cybersecurity measures like ransomware protection, tailored to industries from retail to healthcare. With a proactive approach, IT Pros Management Inc. aims to enhance efficiency and security for Las Vegas companies, from Summerlin startups to Strip enterprises.

Las Vegas, Nevada, United States, 18th Mar 2025 – IT Pros Management Inc, a top-tier provider of IT support services and cybersecurity services, proudly announces the expansion of its managed IT services into Las Vegas, NV. This strategic move brings cutting-edge business IT solutions and IT security solutions to Nevada’s growing business community, offering comprehensive computer support and services to companies from Summerlin to Henderson. With a focus on efficient technology support, IT Pros Management Inc. aims to empower Las Vegas businesses with robust IT infrastructure management and data protection services.

Las Vegas IT Support Services Fuel Tech Growth

Las Vegas is fast becoming a tech hub, with areas like Spring Valley and Sahara Avenue hosting startups and Downtown Las Vegas supporting established firms. IT Pros Management Inc. is meeting this demand with managed Las Vegas IT services and remote IT support, ensuring seamless operations for businesses along Charleston Boulevard. From small business IT support to enterprise-level network support services, the company delivers 24/7 IT support and computer maintenance services to keep systems running smoothly on Windows platforms and beyond. This expansion highlights Nevada’s tech surge, making it a vital story for industry news.

Comprehensive Business IT Solutions for Las Vegas

IT Pros Management Inc. offers a full suite of technology support services, including cloud computing solutions for collaboration, onsite IT support for hands-on fixes, and IT consulting services to optimize information systems. Businesses near the Las Vegas Strip can rely on computer security services and an IT help desk with fast response times, while cloud security solutions ensure files stay safe. “We’re seeing a spike in demand for IT support services across retail and hospitality in Henderson and the Strip,” said a spokesperson from the IT Pros Management Customer Care Team. “Our efficient solutions keep businesses thriving.”

Managed Cybersecurity Services Safeguarding Las Vegas

Security is a cornerstone of IT Pros Management Inc.’s offerings. The company’s managed security services include endpoint security solutions, ransomware protection, and firewall security services to combat cyber threats. With cyber threat detection and penetration testing services, Las Vegas businesses—from Centennial Hills clinics to Paradise Road e-commerce hubs—gain business cybersecurity solutions tailored to their needs. IT compliance and security services ensure regulatory alignment, while computer virus removal and security risk assessments protect sensitive data. “Our goal is efficient network security services that give Las Vegas peace of mind,” added the Customer Care Team.

Empowering Nevada with IT and Security Expertise

Serving industries like healthcare in North Las Vegas and hospitality near Flamingo Road, IT Pros Management Inc. combines IT company expertise with local know-how. This expansion delivers managed IT services and cybersecurity services that drive success across Nevada. Businesses seeking Las Vegas IT support services can visit www.itprosmanagement.com or call (702) 899-5821 to connect with the team and strengthen their systems with premier computer support and services and IT security solutions.

About IT Pros Management Inc.

IT Pros Management Inc. is a leading provider of IT services, delivering top-tier IT support businesses rely on to succeed in a digital world. Based in Las Vegas, NV, the company specializes in managed IT services, offering comprehensive solutions to boost efficiency and security. Recognized among top tech companies, IT Pros Management Inc. excels in managed cybersecurity services, safeguarding clients with advanced protection against cyber threats. From startups to enterprises, we empower businesses with innovative Las Vegas IT services and support tailor