STELLAR CAPITAL PARTNERS LIMITED - Update in respect of the acquisition of a strategic shareholding in Torre Industries Ltd

Update in respect of the acquisition of a strategic shareholding in Torre Industries Ltd

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE000198586
("Stellar" or the "Company")

UPDATE ANNOUNCEMENT IN RESPECT OF THE ACQUISITION BY STELLAR CAPITAL PARTNERS OF A
STRATEGIC SHAREHOLDING IN TORRE INDUSTRIES LIMITED


1     INTRODUCTION

1.1    Shareholders of Stellar are referred to the announcement dated 6 July 2015, relating to the
       terms of the acquisition by Stellar of a 26.25% interest in the issued ordinary share capital of
       Torre Industries Limited ("Torre"), and which outlined Stellar’s further intention to approach
       certain other Torre shareholders with an offer to acquire additional shares in Torre (collectively,
       the "Transaction").

1.2    Stellar is pleased to advise shareholders that it has entered into agreements to acquire a further
       8.33% interest in Torre such that its total shareholding in Torre following the completion of the
       Transaction will be 34.58%.

1.3    The total investment in Torre will equate to R909 273 385 of which R779 054 988 will be settled
       via the issue of 389 527 494 new Stellar shares at R2.00 per share and R130 298 317 will be
       settled in cash.

1.4    A circular to Stellar shareholders detailing the Transaction will be circulated and an
       announcement with salient dates relating to the Transaction will be published in due course.

21 July 2015

Corporate Finance Adviser and Transaction Sponsor
Stellar Advisers Proprietary Limited

Independent Sponsor
Questco Proprietary Limited

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