Notification in terms of section 122 of the Companies Act No.71 of 2008 TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Company”) NOTIFICATION IN TERMS OF SECTION 122 OF THE COMPANIES ACT NO.71 OF 2008 Shareholders are referred to the SENS announcements published on 16 February 2015 and 13 April 2015 and the circular posted on 13 April 2015 relating to the acquisition of 100% of Set Point and the issue of new Torre shares to MIC and Safika (the “Transactions”). Torre has issued new shares for the Transactions and accordingly, in terms of section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended, and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, received formal notification that: - MIC Investment Holdings (Pty) Ltd (“MIC”) has increased its beneficial interest in the ordinary shares of the Company such that MIC’s shareholding is now 12.954%; - Safika Holdings (Pty) Ltd (“Safika”) has increased its beneficial interest in the ordinary shares of the Company such that Safika’s shareholding is now 11.047%; - Sabvest Finance and Guarantee Corporation (Pty) Ltd (“Sabvest Finance”) has decreased its beneficial interest in the ordinary shares of the Company, due to dilution, such that Sabvest Finance’s shareholding is now 4.74%; - Sabvest Investments (Pty) Ltd (“Sabvest Investments”) has increased its beneficial interest in the ordinary shares of the Company such that Sabvest Investments’ shareholding is now 7.30%; - Sabvest Group has thus increased its beneficial interest in the ordinary shares of the Company from 6.8% to 12.04% through the increase in Sabvest Investments and the decrease in Sabvest Finance; - SJP Capital Ltd (“SJP”) has decreased its beneficial interest in the ordinary shares of the Company, due to dilution, such that SJP’s shareholding is now 8.04%; and - Asgard Capital Assets (“Asgard”) has decreased its beneficial interest in the ordinary shares of the Company, due to dilution, such that Asgard’s shareholding is now 8.82%. The Company has notified the Takeover Regulation Panel as required. 25 May 2015 Sponsor and Corporate Finance Adviser AfrAsia Corporate Finance (Pty) Ltd Date: 25/05/2015 08:28:00 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.