Voluntary announcement in respect of the acquisition of Transformer Chemistry Services TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre”) Voluntary announcement in respect of the acquisition of Transformer Chemistry Services Torre is pleased to inform shareholders that with effect from 1 April 2017, it has concluded an agreement, via its WearCheck business unit, to acquire 100% of Transformer Chemistry Services (“TCS”). TCS specialises in the analytical testing and diagnostic interpretation of insulating materials used in high-voltage electrical equipment with independent laboratories located in Durban and Cape Town. TCS provides the analytical techniques and services for various fluids and computer software for data acquisition, reporting and control of transformer oil analysis data and requisite maintenance actions to the global electrical industry. TCS will form part of and strengthen the existing Johannesburg based transformer analysis business within WearCheck in Torre’s Analytical Services segment. The acquisition falls below the categorisation thresholds of the JSE Listings Requirements. Johannesburg 24 April 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/04/2017 10:00:00 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.