TORRE INDUSTRIES LIMITED - Acquisition of DR Forklifts - voluntary announcement

Acquisition of DR Forklifts - voluntary announcement

TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR
ISIN: ZAE000188629
(“Torre” or “the Company”)

ACQUISITION OF DR FORKLIFTS - VOLUNTARY ANNOUNCEMENT

Torre is pleased to advise shareholders that, through its
subsidiary Manhand SA (Pty) Ltd, it has concluded an agreement
to acquire the business of DR Forklifts Services (“DR
Forklifts”) as a going concern. DR Forklifts is an established
business focused on the servicing of a wide range of forklift
products as well as the sale of forklift spare parts.

The transaction is consistent with Torre’s strategy to grow
aftermarket sales across all business units.

This   acquisition   falls   below   the threshold of  the
categorisation of transactions which require disclosure in
terms of the JSE Listings Requirements.


Johannesburg
13 October 2014

Corporate Adviser and Designated Adviser to Torre
AfrAsia Corporate Finance (Pty) Ltd

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