STELLAR CAPITAL PARTNERS LIMITED - Stellar Capital Partners Ltd \ Torre Industries Ltd - Extension to posting of combined offer circular

Stellar Capital Partners Ltd \ Torre Industries Ltd - Extension to posting of combined offer circular

Stellar Capital Partners Limited                   Torre Industries Limited
(Incorporated in the Republic of South Africa)     (Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)               (Registration number 2012/144604/06)
Share code: SCP                                    Share Code: TOR
ISIN: ZAE000198586                                 ISIN: ZAE000188629
("Stellar")                                        (“Torre”)

EXTENSION TO POSTING OF COMBINED OFFER CIRCULAR

1     INTRODUCTION

      Shareholders are referred to the joint announcement released on the Stock Exchange News
      Service on 23 June 2016 in which they were advised that Stellar had increased its shareholding in
      Torre from 33.86% to 35.46%, pursuant to which Stellar is obliged to make a mandatory offer to all
      Torre shareholders to acquire all of the ordinary shares of Torre that Stellar does not already own
      (“Offer”).

2     COMBINED OFFER CIRCULAR

      Shareholders are advised that Stellar and Torre have applied to the Takeover Regulation Panel
      (“TRP”) for an extension of the posting date in respect of the combined Offer circular, from Friday
      22 July 2016 to Friday, 29 July 2016. This request has been granted by the TRP and, accordingly,
      the combined Offer circular will be posted to Torre shareholders as soon as possible, but by no
      later than Friday, 29 July 2016.

Johannesburg
21 July 2016

Financial adviser and sponsor to Stellar
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Sponsor to Torre
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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