Share dealings by directors and an associate of a director TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre”) SHARE DEALINGS BY DIRECTORS AND AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed for those directors and an associate who accepted the Mandatory Offer (as referred to in the SENS announcement published on 17 October 2016) by Stellar Capital Partners Limited (“Stellar Capital”) and surrendered their Torre shares: Company : Torre Name of director : Charles E Pettit Designation of director : Deputy Chairman of Torre Class of securities : Ordinary shares Nature Of transaction : Surrender of Torre shares and off market receipt of Stellar Capital shares issued by way of a Mandatory Offer Nature and extent of : Direct Beneficial director’s interest in the transaction Date of transaction : 14 October 2016 Deemed price per share : R 1.66 Number of Torre shares : 1 101 663 surrendered Rand value of shares : R 1 831 515 Clearance obtained : Yes Company : Torre Name of director : Peter J van Zyl Designation of director : Non-executive Director of Torre Class of securities : Ordinary shares Nature Of transaction : Surrender of Torre shares and off market receipt of Stellar Capital shares issued by way of a Mandatory Offer Nature and extent of : Direct Beneficial director’s interest in the transaction Date of transaction : 14 October 2016 Deemed price per share : R 1.66 Number of Torre shares : 96 240 surrendered Rand value of shares : R 159 999 Clearance obtained : Yes Company : Torre Name of director : Moses M Ngoasheng Name of associate : Safika Holdings (Pty) Ltd in which Mr Ngoasheng is a Director and Shareholder Designation of director : Independent Non-executive Director of Torre Class of securities : Ordinary shares Nature Of transaction : Surrender of Torre shares and off market receipt of Stellar Capital shares issued by way of a Mandatory Offer Nature and extent of : Held by associate director’s interest in the transaction Date of transaction : 14 October 2016 Deemed price per share : R 1.66 Number of Torre shares : 39 000 000 surrendered Rand value of shares : R 64 837 500 Clearance obtained : Yes Johannesburg 18 October 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/10/2016 08:00:00 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.