Further Trading Statement 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”) FURTHER TRADING STATEMENT In terms of paragraph 3.4(b) of the JSE Listings Requirements, listed companies are required to publish a trading statement as soon as the board of directors is satisfied that a reasonable degree of certainty exists that the financial results for the next reporting period will vary by more than 20% from those of the previous corresponding reporting period or from a profit forecast previously provided to the market in relation to such period. In addition, in terms of paragraph 3.4(b)(iv) of the JSE Listings Requirements, if the range published in a previous trading statement is no longer correct, a further trading statement is required. Torre published a trading statement on 20 December 2013 (“Initial Trading Statement”) informing shareholders that the Company's earnings per share for the interim period ended 31 December 2013 were expected to improve to between 6.55 and 6.57 cents per share compared to the earnings per share of 0.09 cents for the interim period ended 31 December 2012. Since publication of the Initial Trading Statement, the earnings per share for the interim period ended 31 December 2013 has been revised and is now expected to improve to 7.00 cents per share. The headline earnings per share remains within the range as announced in the Initial Trading Statement. The information detailed above has not been reviewed or reported on by the Company’s auditors. Johannesburg 10 March 2014 Corporate Adviser Afrasia Corporate Finance (Pty) Ltd Designated Adviser PSG Capital (Pty) Ltd Date: 10/03/2014 02:55:00 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.