Acceptance of share appreciation rights and bonus shares awarded to directors and company secretary TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Company”) ACCEPTANCE OF SHARE APPRECIATION RIGHTS GRANTED AND BONUS SHARES AWARDED TO DIRECTORS AND THE COMPANY SECRETARY In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following acceptance of grants and awards of Share Appreciation Rights and Bonus Shares are required to be announced on SENS: COMPANY : Torre Industries Limited NAME OF DIRECTOR : Charles Pettit STATUS OF DIRECTOR : CEO of Torre TYPE AND CLASS OF SECURITIES : Share Appreciation Rights NATURE OF TRANSACTION : Acceptance of Share Appreciation Rights NATURE AND EXTENT OF : Beneficial DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE OBTAINED Yes NUMBER OF SHARE APPRECIATION : 496 503 RIGHTS PERFORMANCE CRITERIA : Achievement of agreed targets over three years COMPANY : Torre Industries Limited NAME OF DIRECTOR : Roy Midlane STATUS OF DIRECTOR : CFO of Torre TYPE AND CLASS OF SECURITIES : Share Appreciation Rights NATURE OF TRANSACTION : Acceptance of Share Appreciation Rights NATURE AND EXTENT OF : Beneficial DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE OBTAINED Yes NUMBER OF SHARE APPRECIATION : 424 453 RIGHTS PERFORMANCE CRITERIA : Achievement of agreed targets over three years COMPANY : Torre Industries Limited NAME OF OFFICER : Sean Graham STATUS OF OFFICER : Company Secretary of Torre TYPE AND CLASS OF SECURITIES : Share Appreciation Rights NATURE OF TRANSACTION : Acceptance of Share Appreciation Rights NATURE AND EXTENT OF OFFICER’S : Beneficial INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE OBTAINED Yes NUMBER OF SHARE APPRECIATION : 144 325 RIGHTS PERFORMANCE CRITERIA : Achievement of agreed targets over three years COMPANY : Torre Industries Limited NAME OF SUBSIDIARY DIRECTOR : Kevin Rogers STATUS OF SUBSIDIARY DIRECTOR : Managing Director of Torre Parts & Components, a major wholly-owned subsidiary of Torre TYPE AND CLASS OF SECURITIES : Share Appreciation Rights NATURE OF TRANSACTION : Acceptance of Share Appreciation Rights NATURE AND EXTENT OF : Beneficial SUBSIDIARY DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE OBTAINED Yes NUMBER OF SHARE APPRECIATION : 421 838 RIGHTS PERFORMANCE CRITERIA : Achievement of agreed targets over three years COMPANY : Torre Industries Limited NAME OF SUBSIDIARY DIRECTOR : Frans Lombard STATUS OF SUBSIDIARY DIRECTOR : Financial Director of Torre Parts & Components, a major wholly-owned subsidiary of Torre TYPE AND CLASS OF SECURITIES : Share Appreciation Rights NATURE OF TRANSACTION : Acceptance of Share Appreciation Rights NATURE AND EXTENT OF : Beneficial SUBSIDIARY DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE OBTAINED Yes NUMBER OF SHARE APPRECIATION : 189 827 RIGHTS PERFORMANCE CRITERIA : Achievement of agreed targets over three years COMPANY : Torre Industries Limited NAME OF DIRECTOR : Charles Pettit STATUS OF DIRECTOR : CEO of Torre TYPE AND CLASS OF SECURITIES : Bonus Shares NATURE OF TRANSACTION : Acceptance of Bonus Shares NATURE AND EXTENT OF : Beneficial DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE : Yes NUMBER OF BONUS SHARES : 136 886 PERFORMANCE CRITERIA : Participant remains in the employ of the Group over the following three-year period COMPANY : Torre Industries Limited NAME OF DIRECTOR : Roy Midlane STATUS OF DIRECTOR : CFO of Torre TYPE AND CLASS OF SECURITIES : Bonus Shares NATURE OF TRANSACTION : Acceptance of Bonus Shares NATURE AND EXTENT OF : Beneficial DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE : Yes NUMBER OF BONUS SHARES : 60 199 PERFORMANCE CRITERIA : Participant remains in the employ of the Group over the following three-year period COMPANY : Torre Industries Limited NAME OF OFFICER : Sean Graham STATUS OF OFFICER : Company Secretary of Torre TYPE AND CLASS OF SECURITIES : Bonus Shares NATURE OF TRANSACTION : Acceptance of Bonus Shares NATURE AND EXTENT OF OFFICER’S : Beneficial INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE : Yes NUMBER OF BONUS SHARES : 14 819 PERFORMANCE CRITERIA : Participant remains in the employ of the Group over the following three-year period COMPANY : Torre Industries Limited NAME OF SUBSIDIARY DIRECTOR : Kevin Rogers STATUS OF SUBSIDIARY DIRECTOR : Managing Director of Torre Parts & Components, a major wholly-owned subsidiary of Torre TYPE AND CLASS OF SECURITIES : Bonus Shares NATURE OF TRANSACTION : Acceptance of Bonus Shares NATURE AND EXTENT OF : Beneficial SUBSIDIARY DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE : Yes NUMBER OF BONUS SHARES : 54 446 PERFORMANCE CRITERIA : Participant remains in the employ of the Group over the following three-year period COMPANY : Torre Industries Limited NAME OF SUBSIDIARY DIRECTOR : Frans Lombard STATUS OF SUBSIDIARY DIRECTOR : Financial Director of Torre Parts & Components, a major wholly-owned subsidiary of Torre TYPE AND CLASS OF SECURITIES : Bonus Shares NATURE OF TRANSACTION : Acceptance of Bonus Shares NATURE AND EXTENT OF : Beneficial SUBSIDIARY DIRECTOR’S INTEREST IN THE TRANSACTION DATE OF TRANSACTION : 16 September 2015 PRICE PER SHARE (CENTS) : 474.116 ON/OFF MARKET Off-Market CLEARANCE : Yes NUMBER OF BONUS SHARES : 24 111 PERFORMANCE CRITERIA : Participant remains in the employ of the Group over the following three-year period Johannesburg 17 September 2015 Sponsor and Corporate Finance Adviser Stellar Advisers (Pty) Ltd Date: 17/09/2015 02:22:00 Produced by the JSE SENS Department. 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