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 to the board and its committees which are effective 13 May 2015: 1.1 Mrs Mary Sina Bomela CA(SA) MBA has been appointed as a non-executive director of Torre and as a member of the following committees: Nomination Committee, Remuneration Committee and Social, Ethics and Transformation Committee. Mary is the Chief Executive Officer of The Mineworkers Investment Company (“MIC”). She joined the MIC in 2010 and previously served as a Non-Executive Director from March 2008 to 2010. Before joining the MIC, Mary was the Chief Financial Officer at Freight Dynamics. Prior to this, she was an executive in the Corporate Services division of the South African Institute of Chartered Accountants. Mary also held executive positions in the resources, media, utilities and financial services sectors. She serves on the boards of a number of other strategic investments of the MIC. These include: Primedia (Pty) Ltd, FirstRand Group Ltd, Metrofile Holdings Ltd and Peermont Global Holdings (Pty) Ltd. 1.2 Mr Nchaupe Khaole BCom (Hons) MBA has been appointed as a non-executive director of Torre and as a member of the following committees: Audit and Risk Committee, Remuneration Committee and Social, Ethics and Transformation Committee. Nchaupe is the Executive Director: Investments of MIC. He previously held the following positions: Senior Investment Officer for the Development Bank of Southern Africa, Private Equity and Corporate Finance Executive for Safika Holdings and Investment Consultant for the Liberty Group. Nchaupe serves on the boards of South Africa Mine Safety Appliances (Pty) Ltd, GE South Africa Technologies (Pty) Ltd and First National Bank. 1.3 Mr Oren Fuchs BA MSc has been appointed as an alternate director to Mrs Bomela and Mr Khaole. Oren is the Senior Special Projects and Investment Manager of MIC. He previously held the following positions: Corporate Strategy Manager for the SABC, General Manager of Finance and Viability for Blue IQ, Deputy Director for Economic Policy with the Department of Finance and Economic Affairs, Professional Planner with the Johannesburg Metropolitan Council and IT Administrator with Robin Lee Associates. Oren has serves on the boards of Westcon South Africa (Pty) Ltd, PureGas (Pty) Ltd, Much Asphalt (Pty) Ltd, Izazi Solutions (Pty) Ltd (alternate) and First Rand Empowerment Foundation (trustee). 1.4 The Directors welcome Mary, Nchaupe and Oren to the Board and look forward to the contributions that they will make to the Group. Johannesburg 14 May 2015 Corporate Finance Adviser and Sponsor to Torre AfrAsia Corporate Finance (Pty) Ltd Date: 14/05/2015 10:00:00 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.