Voluntary announcement in respect of the acquisition of Top Class Automotive 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 Top Class Automotive Torre is pleased to inform shareholders that it has concluded an agreement, via its Torre Parts and Components business unit (“TPC”), to acquire 100% of the shares of Top Class Automotive (Pty) Ltd (“Top Class”). The acquisition is effective 1 May 2017. Top Class is an authorised tier one distributor of SKF bearings and related products for the Automotive, Commercial and Off Highway markets and is also an assembler of wheel bearing kits for the Automotive aftermarket in South Africa under both proprietary and various private label brands. Top Class has a high-quality customer base that is complementary to the existing customer base of TPC. The Acquisition falls below the threshold of the categorisation of transactions which require disclosure in terms of the JSE Limited's Listings Requirements. Nevertheless, the Board of Torre deemed it appropriate to inform shareholders of the Acquisition. Johannesburg 18 May 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/05/2017 09:15:00 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.