Trading statement for the year ending 30 June 2016 TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Company”) TRADING STATEMENT FOR THE YEAR ENDING 30 JUNE 2016 In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, listed companies are required to publish a trading statement as soon as the board of directors is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will vary by 20% or more when compared to those of the previous corresponding reporting period. Accordingly Torre herby notifies shareholders of the following expected changes in earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the financial year ending 30 June 2016. EPS are expected to be between 15.5 cents and 18.5 cents (being between 34% and 45% lower) compared to the EPS of 28 cents reported for the year ended 30 June 2015. HEPS are expected to be between 16.5 cents and 19.5 cents (being between 36% and 45% lower) compared to the HEPS of 30.26 cents reported for the year ended 30 June 2015. The expected EPS may be further negatively affected if goodwill or other impairments are deemed necessary in the course of the annual impairment assessments completed in terms of IAS 36 as part of the year end reporting process. The financial information on which the trading statement has been based has not been reviewed or reported on by Torre’s external auditors. Johannesburg 8 June 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08/06/2016 05:00:00 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.