| Tue 2 Oct 2012, 15:27 | | TRENCOR LIMITED - Trencors Textainer Acquires 81 000 Teu Managed Container Portfolio |
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TRE 201210020049A
Trencor’s Textainer Acquires 81 000 Teu Managed Container Portfolio
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)
TRENCOR’S TEXTAINER ACQUIRES 81 000 TEU MANAGED CONTAINER
PORTFOLIO: ACQUISITION MARKS A MILESTONE WITH TWO-THIRDS OF
CONTAINER FLEET NOW OWNED
We draw attention to the following news release issued by Textainer Group Holdings Limited, in
which Trencor has a 48,93% beneficiary interest:
Hamilton, Bermuda - (Business Wire) - Oct. 2, 2012 - Textainer Group Holdings Limited (NYSE:
TGH) (“Textainer,” “we,” and “our”), the world’s largest lessor of intermodal containers based on
fleet size, today announced that it acquired approximately 81,000 TEU (twenty-foot equivalent
units) of standard dry freight containers from its managed fleet for approximately $98 million. The
acquisition increases the percentage of Textainer’s owned fleet to 66%.
“We have long stated that Textainer’s strategy is to increase both our overall fleet and the portion
which we own. This acquisition demonstrates our success in implementing this strategy,”
commented Philip K. Brewer, Textainer President and Chief Executive Officer.
“This is Textainer’s second large managed container acquisition announcement in the past month,
totaling more than $164 million, and evidences our ability to deploy our recently raised equity
ahead of initial expectations. With these recent transactions, we expect that 2012 capital
expenditures will be at record levels.”
“The acquired managed container portfolios are seasoned income producing assets. We expect these
transactions will be immediately accretive to earnings and to contribute to long-term growth in
shareholder value. The acquisition marks a milestone as two-thirds of our fleet is now owned,”
concluded Mr. Brewer.
Textainer Group Holdings Limited
Thomas J. Gallo, 415-658-8227
Investor Relations Director
ir@textainer.com”
Trencor Services (Pty) Ltd
Secretaries
2 October 2012
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net
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