Dealings in securities by associates of directors and Section 122 notifications TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Company”) DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS AND SECTION 122 NOTIFICATIONS Shareholders are advised that MIC Investment Holdings (Pty) Ltd (“MIC”), Sabvest Finance and Guarantee Corporation (Pty) Ltd and Sabvest Investments (Pty) Ltd (together the “Sabvest Entities”) have restructured the form of their investment in Torre by disposing of all their Torre shares to Newshelf 1400 (Pty) Ltd (“SPV”) in exchange for new ordinary shares in SPV. In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited (“Listings Requirements”), the following dealings by associates of Torre directors are disclosed: COMPANY : Torre Industries Limited NAME OF DIRECTOR : Christopher S Seabrooke DESIGNATION OF DIRECTOR : Chairman NAME OF ASSOCIATE : Sabvest Finance and Guarantee Corporation (Pty) Ltd, wholly owned by Sabvest Limited which is controlled by The Seabrooke Family Trust CLASS OF SECURITIES : Ordinary shares NATURE OF TRANSACTION : Off-market disposal of securities NATURE AND EXTENT OF DIRECTOR’S : Dealing by an associate of INTEREST IN THE TRANSACTION a director DATE OF TRADES : 27 June 2017 PRICE : 135 cents NUMBER OF SHARES : 25 524 622 TRANSACTION VALUE : R34 458 239.70 PERMISSION TO DEAL OBTAINED : Yes COMPANY : Torre Industries Limited NAME OF DIRECTOR : Christopher S Seabrooke DESIGNATION OF DIRECTOR : Chairman NAME OF ASSOCIATE : Sabvest Investments (Pty) Ltd, wholly owned by Sabvest Limited which is controlled by The Seabrooke Family Trust CLASS OF SECURITIES : Ordinary shares NATURE OF TRANSACTION : Off-market disposal of securities NATURE AND EXTENT OF DIRECTOR’S : Dealing by an associate of INTEREST IN THE TRANSACTION a director DATE OF TRADES : 27 June 2017 PRICE : 135 cents NUMBER OF SHARES : 37 475 378 TRANSACTION VALUE : R50 591 760 PERMISSION TO DEAL OBTAINED : Yes COMPANY : Torre Industries Limited NAME OF DIRECTOR : Christopher S Seabrooke DESIGNATION OF DIRECTOR : Chairman NAME OF ASSOCIATE : Newshelf 1400 (Pty) Ltd CLASS OF SECURITIES : Ordinary shares NATURE OF TRANSACTION : Off-market acquisition of securities NATURE AND EXTENT OF DIRECTOR’S : Dealing by an associate of INTEREST IN THE TRANSACTION a director DATE OF TRADES : 27 June 2017 PRICE : 135 cents NUMBER OF SHARES : 37 475 378 TRANSACTION VALUE : R50 591 760 PERMISSION TO DEAL OBTAINED : Yes COMPANY : Torre Industries Limited NAME OF DIRECTOR : Christopher S Seabrooke DESIGNATION OF DIRECTOR : Chairman NAME OF ASSOCIATE : Newshelf 1400 (Pty) Ltd CLASS OF SECURITIES : Ordinary shares NATURE OF TRANSACTION : Off-market acquisition of securities NATURE AND EXTENT OF DIRECTOR’S : Dealing by an associate of INTEREST IN THE TRANSACTION a director DATE OF TRADES : 27 June 2017 PRICE : 135 cents NUMBER OF SHARES : 25 524 622 TRANSACTION VALUE : R34 458 239.70 PERMISSION TO DEAL OBTAINED : Yes COMPANY : Torre Industries Limited NAME OF DIRECTOR : Charles Pettit DESIGNATION OF DIRECTOR : Executive Deputy Chairman NAME OF ASSOCIATE : Director and 0.25% shareholder of Newshelf 1400 (Pty) Ltd CLASS OF SECURITIES : Ordinary Shares NATURE OF TRANSACTION : Off-market acquisition of securities NATURE AND EXTENT OF DIRECTOR’S : Dealing by an associate of INTEREST IN THE TRANSACTION a director DATE OF TRADES : 27 June 2017 PRICE : 135 cents NUMBER OF SHARES : 129 464 571 (representing all the Torre shares acquired from MIC and the Sabvest Entities of which 0.25% are indirectly held by Charles Pettit) TRANSACTION VALUE : R174 777 170.85 PERMISSION TO DEAL OBTAINED : Yes Disclosure in terms of Section 122 of the Companies Act In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”), regulation 121(2)(b) of the Companies Act Regulations 2011 and paragraph 3.83(b) of the Listings Requirements, shareholders are advised that Torre has received notifications from MIC, the Sabvest Entities and SPV of the disposals and acquisitions of shares in Torre such that SPV now holds 25.18% of the Torre’s issued shares and MIC and the Sabvest Entities no longer directly hold any shares in Torre. Johannesburg 28 June 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/06/2017 04:03:00 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.