Dealing in securities and update on amendment TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Company”) DEALING IN SECURITIES BY DIRECTORS OF A SUBSIDIARY OF TORRE AND UPDATE ON THE AMENDMENT TO THE TGS EARN-OUT CONSIDERATION DIRECTOR DEALINGS In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following dealings by directors of Manhand SA (Pty) Ltd (“Manhand”), a wholly-owned subsidiary of Torre, are disclosed below: COMPANY : Torre NAME OF DIRECTOR : D Glockle, director of Manhand TYPE AND CLASS OF SECURITIES : Ordinary Shares NATURE OF TRANSACTION : Off-market. Acquisition issue in relation to the sale of Manhand to Torre NATURE AND EXTENT OF DIRECTOR’S INTEREST IN THE TRANSACTION : Direct Beneficial DATE OF TRADE : 7 October 2014 PRICE PER SHARE : R2.546 TOTAL NUMBER OF SECURITIES TRANSACTED : 1 601 655 TOTAL RAND VALUE OF SECURITIES : R4 077 813.63 CONFIRMATION THAT CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66 : N/A COMPANY : Torre NAME OF DIRECTOR : HD Glockle, director of Manhand TYPE AND CLASS OF SECURITIES : Ordinary Shares NATURE OF TRANSACTION : Off-market. Acquisition issue in relation to the sale of Manhand to Torre NATURE AND EXTENT OF DIRECTOR’S INTEREST IN THE TRANSACTION : Direct Beneficial DATE OF TRADE : 7 October 2014 PRICE PER SHARE : R2.546 TOTAL NUMBER OF SECURITIES TRANSACTED : 2 002 069 TOTAL RAND VALUE OF SECURITIES : R5 097 267.67 CONFIRMATION THAT CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66 : N/A COMPANY : Torre NAME OF DIRECTOR : HG Glockle, director of Manhand TYPE AND CLASS OF SECURITIES : Ordinary Shares NATURE OF TRANSACTION : Off-market. Acquisition issue in relation to the sale of Manhand to Torre NATURE AND EXTENT OF DIRECTOR’S INTEREST IN THE TRANSACTION : Direct Beneficial DATE OF TRADE : 7 October 2014 PRICE PER SHARE : R2.546 TOTAL NUMBER OF SECURITIES TRANSACTED : 400 414 TOTAL RAND VALUE OF SECURITIES : R1 019 454.00 CONFIRMATION THAT CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66 : N/A COMPANY : Torre NAME OF DIRECTOR : HG Glockle, director of Manhand TYPE AND CLASS OF SECURITIES : Ordinary Shares NATURE OF TRANSACTION : Off-market. Acquisition issue in relation to the sale of Manhand to Torre NATURE AND EXTENT OF DIRECTOR’S INTEREST IN THE TRANSACTION : Direct Beneficial DATE OF TRADE : 7 October 2014 PRICE PER SHARE : R2.61 TOTAL NUMBER OF SECURITIES TRANSACTED : 689 192 TOTAL RAND VALUE OF SECURITIES : R1 798 791.12 CONFIRMATION THAT CLEARANCE HAS BEEN GIVEN IN TERMS OF PARAGRAPH 3.66 : N/A TGS UPDATE Torre shareholders are referred to the SENS announcement dated 11 September 2014 which detailed the proposed Amendment to the transaction terms in relation to Torre’s acquisition of 100% of Tractor and Grader Supplies (Pty) Ltd ("TGS") (“TGS Amendment SENS”). Capitalised terms used in this SENS will bear the same meanings provided in the TGS Amendment SENS. Torre and the Seller have agreed that they will not proceed with the Amendment due to the complex and expensive regulatory requirements associated with the implementation thereof. Accordingly Torre shareholders will not be required to vote on any Amendment at the upcoming annual general meeting. Johannesburg 9 October 2014 Corporate Adviser and Designated Adviser to Torre AfrAsia Corporate Finance (Pty) Ltd Date: 09/10/2014 05:27:00 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.