Posting of Circular and Notice of 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”) Posting of Circular and Notice of General Meeting Shareholders are referred to: - the announcement released on SENS on 22 November 2016 (“Terms Announcement”) in which they were advised that Torre, through its wholly-owned subsidiary Torre International, reached agreement with AAF, Phatisa and Kanthu in terms of which AAF will, jointly with Kanthu, acquire Torre’s 55% shareholding in and shareholder loan claims against Kanu; and - the announcement released on SENS on 27 March 2017 (“Repurchase Announcement”) relating to a specific repurchase by Torre of Torre shares from Kanthu Nkama Capital (Pty) Ltd, which repurchase is an indivisible component of the Transaction. Defined terms used in this announcement bear the same meaning as those used in the Terms Announcement and the Repurchase Announcement. Torre shareholders are advised that the Circular setting out the details of the Kanu Disposal and Specific Repurchase and a notice convening a general meeting of Torre shareholders has been posted today. The Circular is also available on Torre’s website: www.torreindustries.com. The General Meeting will be held at 09:30 on Tuesday, 6 June 2017 at the registered office of Torre at 11 Avalon Road, West Lake View Ext 11, Modderfontein, Johannesburg for the purpose of considering and, if deemed fit, passing with or without modification, the resolutions set out in the notice included in the Circular. The salient dates and times are as follows: GENERAL MEETING 2017 Record date in order to be eligible to receive the Circular Friday, 28 April Circular posted to shareholders and announced on SENS on Friday, 5 May Last date to trade in Torre shares in order to be recorded in the register to vote at the General Meeting on Tuesday, 23 May Record Date to participate in and vote at the General Meeting by close of trade on Friday, 26 May Last date to lodge forms of proxy in respect of the General Meeting by 09:30 on Friday, 2 June General Meeting to be held at 09:30 on Tuesday, 6 June Results of General Meeting released on SENS on Tuesday, 6 June Notes 1. All times indicated in this SENS are local times in South Africa. 2. The dates and times indicated in the table above are subject to change. Any such changes will be released on SENS and published in the press. 3. Share certificates in the name of Torre may not be rematerialised or dematerialised between Wednesday, 24 May 2017 and Friday, 26 May 2017 both days inclusive. 4. To be valid, the completed forms of proxy as contained in the Circular, must be lodged with the Transfer Secretaries by no later than Friday, 2 June 2017 at 09:30, alternatively, such forms of proxy may be handed to the Company Secretary or Chairperson of the Company at the meeting until the commencement of the General Meeting. Johannesburg 5 May 2017 Sponsor RAND MERCHANT BANK (A division of First Rand Bank) Date: 05/05/2017 03:00:00 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.