TORRE INDUSTRIES LIMITED - Acquisition of Equipment Sales and Services (Pty) Ltd

Acquisition of Equipment Sales and Services (Pty) Ltd

TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR
ISIN: ZAE000188629
(“Torre” or “the Company” or “the Group”)

ACQUISITION OF EQUIPMENT SALES AND SERVICES (PTY) LTD -
VOLUNTARY ANNOUNCEMENT

Torre is pleased to advise shareholders that, through its
subsidiary Torre Equipment Africa Limited, it has concluded an
agreement to acquire 100% of the issued shares of Equipment
Sales and Services (Pty) Ltd (“ESS”), with effect from
1 November 2015.

ESS, a Botswanan based company, supplies equipment, spare
parts and ancillary services to customers throughout Botswana.
ESS has historically focused on the distribution of Bell,
Liebherr and Bomag equipment and has several key customer
relationships and service and maintenance contracts in the
region. ESS has recently been appointed as an agent for
Liebherr Mining. Its operations are therefore highly
complementary to the Group’s growing Bell and Liebherr
equipment dealerships in Southern-, Central- and West Africa.

The acquisition of ESS will allow Torre to accelerate its
progress in building a pan-African distribution and servicing
network for industrial equipment and spares.

This acquisition falls below the threshold of the
categorization of transactions which require disclosure in
terms of the JSE Listings Requirements. Nevertheless, due to
the strategic importance of this transaction, the directors of
Torre deemed it appropriate to inform shareholders hereof.


Johannesburg
2 November 2015

Sponsor and Corporate Finance Adviser:
Stellar Advisers (Pty) Ltd

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