Disclosure of acquisition and disposal of securities TORRE INDUSTRIAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2012/144604/06) Share code: TOR ISIN: ZAE000169322 (“Torre” or “the Company” or “the Group”) DISCLOSURE OF ACQUISITION AND DISPOSAL OF SECURITIES In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended, and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has received formal notification that: - Isando Holdings Proprietary Limited (“Isando”) has disposed of its interest in the ordinary shares of the Company, such that Isando no longer holds any of the ordinary shares of the total issued share capital of the Company; - TIH Capital Partners Limited (“TIH”) has acquired a further interest in the ordinary shares of the Company, such that TIH’s shareholding in the total issued share capital of the Company increased to 24.37%; and - Momentum Asset Management Proprietary Limited (“Momentum”) has acquired a further interest in the ordinary shares of the Company, such that Momentum’s shareholding in the Company increased to 11%. Johannesburg 4 November 2013 Corporate adviser: AfrAsia Corporate Finance Proprietary Limited Designated adviser: PSG Capital Proprietary Limited Date: 04/11/2013 03:31:00 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.