Voluntary announcement - Investment in Masimong Chemicals (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”) VOLUNTARY ANNOUNCEMENT - INVESTMENT IN MASIMONG CHEMICALS (PTY) LTD Torre is pleased to advise that Torre Capital (Pty) Ltd has acquired certain financial instruments in Masimong Chemicals (Pty) Ltd (“Chemicals”) for R45 million the returns on which are linked to the performance of 15m shares in Rolfes Holdings Limited (“Rolfes”) being about 10% of the Rolfes shares in issue. Chemicals total holding in Rolfes is 32.4% of the shares in issue. Chemicals is wholly owned by Masimong Group Holdings (Pty) Ltd, a black controlled investment group with interests across a range of sectors including mining, beneficiation, industrial, agriculture, media and financial services, amongst others, and which is owned by Messrs Michael Teke and Douglas Gain. Michael Teke is also a director of Rolfes. Rolfes is an acquisitive JSE-listed manufacturer and distributor of a diverse range of market leading high quality chemical products through its Agricultural, Water, Industrial divisions as well as through its recently formed Food division. The investment falls below the threshold of the categorization of transactions which require disclosure in terms of the JSE Listings Requirements, however the Company deemed it appropriate to inform shareholders. Johannesburg 13 November 2015 Sponsor and Corporate Finance Adviser: Stellar Advisers (Pty) Ltd Date: 13/11/2015 02:35:00 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.