Section 122 Disclosure 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”) SECTION 122 DISCLOSURE In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended (“Companies Act”), and paragraph 3.83(b) of the Listings Requirements of the JSE, shareholders are hereby advised that the Company has received formal notification from: - TIH Capital Partners Limited which has disposed of a beneficial interest in the ordinary shares of the Company, such that its shareholding in the Company decreased to 0.81%; - SJP Capital Limited which has acquired a beneficial interest in the ordinary shares of the Company, such that its shareholding in the Company increased to 10.31%; and - Asgard Capital Limited which has acquired a beneficial interest in the ordinary shares of the Company, such that its shareholding in the Company increased to 14.09%. The Company has notified the TRP of the above in accordance with its obligations under section 122 of the Companies Act. Johannesburg 14 July 2014 Corporate Finance Adviser to Torre AfrAsia Corporate Finance (Pty) Ltd Designated Adviser PSG Capital (Pty) Ltd Date: 14/07/2014 12:15:00 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.