COMPLETION OF GROUP REFINANCING EXERCISE TORRE INDUSTRIES LIMITED (Previously Torre Industrial Holdings Limited) Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Company” or “the Group”) COMPLETION OF GROUP REFINANCING EXERCISE INTRODUCTION Torre is pleased to announce that it has successfully concluded agreements with Absa Bank Limited, acting through its Corporate and Investment Banking Division (“Absa”), in which Absa has provided the Group with ZAR357,000,000 of new bank facilities (“the Facilities”). The Facilities will be used to: - refinance all existing indebtedness of the Group; - part finance the recent acquisitions including the acquisition of 100% of Control Instruments Group Ltd; and - provide committed acquisition facilities to fund future growth initiatives and working capital facilities for general corporate purposes. The Facilities significantly enhance Torre’s balance sheet, providing headroom, flexibility and funding capacity to execute its medium term growth strategy. COMPLETION The various agreements and addenda to the Facilities have become unconditional and fully implemented and drawdown is expected on or about 5 June 2014. Johannesburg 4 June 2014 Corporate Finance Adviser to Torre AfrAsia Corporate Finance (Pty) Ltd Legal Adviser to Torre Norton Rose Fulbright Designated Adviser PSG Capital (Pty) Ltd Date: 04/06/2014 03:54:00 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.