TORRE INDUSTRIES LIMITED - Changes to the board and committees

Changes to the board and committees

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

CHANGES TO THE BOARD AND COMMITTEES

In accordance and compliance with paragraph 3.59 of the JSE
Listings Requirements, Torre wishes to advise shareholders of
the following changes which are effective 30 April 2015:

1.1 Mr Joseph Fizelle and Mr Craig Lyons have resigned as
    directors. The Board expresses its deep appreciation to both
    for the valuable contributions that they have made to the
    Group since 2007 and 2012 respectively.

1.2 Mrs Lindiwe Mthimunye-Bakoro MCom CA(SA) has been appointed
    as an independent non-executive director of Torre and as
    Chairman of its Audit and Risk Committee.

    Lindiwe is the Group Chief Financial Officer of PetroSA and
    has extensive governance and business experience, having
    served on the boards of various listed and unlisted
    companies including Woolworths, Group5, Sea Harvest and
    Hyundai Automotive South Africa. The Directors welcome
    Lindiwe to the Board and look forward to the contribution
    that she will make to the Group.

1.3 Further appointments to the Torre board will be announced
    following the General Meeting on 13 May 2015 and the
    composition of the Board Committees will be reviewed.


Johannesburg
29 April 2015

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

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