TORRE INDUSTRIAL HOLDINGS LIMITED - Extension of posting date of combined circular

Extension of posting date of combined circular

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”)

EXTENSION OF POSTING DATE OF COMBINED CIRCULAR

Introduction

1. Shareholders are referred to the announcement by Torre
   released on SENS on 31 January 2014 (the “Firm Intention
   Announcement”) regarding the firm intention by Torre to make
   an offer to acquire up to 100% of the total issued ordinary
   shares in Control Instruments Group Limited ("Control
   Instruments") not already owned by Torre, being 91 761 265
   shares (the “Offer Shares”), by way of:

   1.1   a scheme of arrangement in terms of section 114(1)(c) of
         the Companies Act, No. 71 of 2008, as amended (the
         "Companies Act"), to be proposed by the board of
         directors   of   Control  Instruments   between   Control
         Instruments and its shareholders other than Torre (the
         "Control Instruments Shareholders") (the "Scheme"); or

   1.2   an offer by Torre if the Scheme is not proposed or fails,
         at the election of Torre, to the Control Instruments
         Shareholders to acquire the Offer Shares,

   (the "Proposed Offer").

2. In a subsequent announcement by Control Instruments released
   on SENS on 3 February 2014, Control Instruments advised that
   it had entered into an agreement with Torre thereby giving
   effect to a firm intention by Torre to make the Proposed
   Offer.

3. All terms defined in the Announcement shall bear the same
   meaning in this announcement.

Extension of posting date of the Circular

4. In terms of Regulation 102 (2)(b) of the Companies
   Regulations, the TRP has granted an extension of the Circular
   posting date (which was previously expected to be 28 February
   2014), which date will now be no later than Friday, 7 March
   2014.

5. The salient dates in relation to the Scheme and the General
   Offer will be published on SENS prior to the posting of the
   Circular.


Johannesburg
27 February 2014

Corporate Adviser:      AfrAsia   Corporate   Finance   Proprietary
Limited
Designated Adviser:   PSG Capital Proprietary Limited

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