Report on proceedings at the annual general meeting Torre Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2012/144604/06 Share code: TOR ISIN: ZAE000188629 ("Torre" or “the Company”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING The Company is pleased to advise shareholders that all the resolutions contained in the notice of annual general meeting (“AGM”) were passed by the required majority of votes by shareholders present or represented by proxy at the AGM of Torre held today, 7 December 2016 at 09h30 at Torre’s offices in Waterfall Distribution Campus, Bridal Veil Road, cnr Allandale Road and K101, Midrand. Votes carried disclosed as a Shares abstained percentage in relation to the total Shares voted disclosed as a number of shares voted at the disclosed as a percentage in meeting Number of percentage in relation to the total Resolutions shares voted relation to the total issued share capital* issued share capital* For Against Ordinary resolution number 1 Adoption of annual financial 100% 0% 442 884 147 84.35% 0% statements Ordinary resolution number 2 Director appointment (J Botes) 100% 0% 442 881 709 84.35% 0% Ordinary resolution number 3 Director appointment (S Mansingh) 100% 0% 442 881 709 84.35% 0% Ordinary resolution number 4 Director re-election (LE Bakoro) 100% 0% 441 799 640 84.14% 0% Ordinary resolution number 5 Director re-election (MS Bomela) 100% 0% 441 799 640 84.14% 0% Ordinary resolution number 6 Appointment and remuneration of 100% 0% 442 881 709 84.35% 0% Auditors Ordinary resolution number 7 Appointment of Audit and Risk 100% 0% 442 881 709 84.35% 0% Committee member – LE Bakoro Ordinary resolution number 8 Appointment of Audit and Risk 99.50% 0.50% 442 881 709 84.35% 0% Committee member – CS Seabrooke Ordinary resolution number 9 Appointment of Audit and Risk 100% 0% 441 799 640 84.14% 0% Committee member – PJ van Zyl Ordinary resolution number 10 Placing unissued shares under the control of the directors and issues of 99.63% 0.37% 440 941 417 83.98% 0% shares for cash Ordinary resolution number 11 Approval of remuneration policy 99.2% 0.8% 441 784 365 84.14% 0% Ordinary resolution number 12 Authority to execute requisite documents required to implement the 99.50% 0.50% 441 784 365 84.14% 0% Torre Conditional Share Plan Special resolution number 1 General authority to acquire 100% 0% 441 794 940 84.14% 0% (repurchase) shares Special resolution number 2 Non-executive directors’ remuneration 99.70% 0.30% 441 779 065 84.14% 0% Special resolution number 3 General authority to enter into funding agreements, provide loans or other 100% 0% 441 795 822 84.14% 0% financial assistance Special resolution number 4 General authority to provide financial assistance for the subscription of 100% 0% 441 795 822 84.14% 0% securities Special resolution number 5 Adoption of the Torre Conditional 100% 0% 442 868 732 84.35% 0% Share Plan Special resolution number 6 Amendment to the Memorandum of 99.50% 0.50% 442 874 332 84.35% 0% Incorporation (Fractions of shares) *Total issued share capital is 525 058 445. The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course. Midrand 7 December 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07/12/2016 03:06:00 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.