Sharenet Sites 
Sharenet Sites
Reviewed provisional results 2018: amendment to LAPCO credit agreement
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)
REVIEWED PROVISIONAL RESULTS 2018: AMENDMENT TO LAPCO
CREDIT AGREEMENT
Trencor refers to note 9 to its reviewed condensed consolidated financial statements for
the year ended 31 December 2018 (“Trencor’s 2018 reviewed provisional results”)
published on SENS on 1 April 2019, in which investors were advised that Leased Asset
Pool Company Limited (“LAPCO”), a TAC subsidiary, had requested from its banks a
waiver of the EBIT ratio breach described in the said note 9, and was awaiting a response
from the banks. Shareholders are advised that, subsequent to the publication of Trencor’s
2018 reviewed provisional results, such waiver was granted. Had such waiver been in
place as at 31 December 2018, the current portion of interest bearing borrowings would
have been reflected as R144 million, instead of the R512 million stated in the said note 9.
Investors are reminded that the bank debt in LAPCO is completely ring-fenced, with no
guarantee from or other recourse to Trencor.
Trencor Services Proprietary Limited
Secretaries
3 April 2019
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
www.trencor.net
Date: 03/04/2019 08:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
