Changes to the board and committees TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Group”) CHANGES TO THE BOARD AND COMMITTEES In accordance and compliance with paragraph 3.59 of the JSE Listings Requirements, Torre wishes to advise shareholders of the following changes which are effective 30 April 2015: 1.1 Mr Joseph Fizelle and Mr Craig Lyons have resigned as directors. The Board expresses its deep appreciation to both for the valuable contributions that they have made to the Group since 2007 and 2012 respectively. 1.2 Mrs Lindiwe Mthimunye-Bakoro MCom CA(SA) has been appointed as an independent non-executive director of Torre and as Chairman of its Audit and Risk Committee. Lindiwe is the Group Chief Financial Officer of PetroSA and has extensive governance and business experience, having served on the boards of various listed and unlisted companies including Woolworths, Group5, Sea Harvest and Hyundai Automotive South Africa. The Directors welcome Lindiwe to the Board and look forward to the contribution that she will make to the Group. 1.3 Further appointments to the Torre board will be announced following the General Meeting on 13 May 2015 and the composition of the Board Committees will be reviewed. Johannesburg 29 April 2015 Corporate Finance Adviser and Sponsor to Torre AfrAsia Corporate Finance (Pty) Ltd Date: 29/04/2015 10:10:00 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.