Trading statement for the six months ended 31 December 2017 TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre” or “the Group”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2017 In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, listed companies are required to publish a trading statement as soon as the board of directors is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will vary by 20% or more when compared to those of the previous corresponding reporting period. Torre is currently finalising its interim financial results for the six months ended 31 December 2017, expected to be announced on the Stock Exchange News Service on 27 February 2018. Torre shareholders are advised headline earnings per share (“HEPS”) and earnings per share (“EPS”) for the period are expected to be higher than reported HEPS and EPS for the previous corresponding reporting period ended 31 December 2016 due to: - Improved operational performance, specifically in the Analytical Services segment; and - Once-off restructuring and relocation costs included in prior period earnings. As such, HEPS and EPS for the six months ended 31 December 2017 are expected to increase from the previous corresponding reporting period as follows: 6 months to 31 December 2016 6 months to 31 December 2017 Actual Expected range HEPS 3.65 cents 4.47 cents to 5.10 cents ( 22% to 40% up) EPS 3.27 cents 4.50 cents to 5.00 cents (38% to 53% up) The financial information on which this trading statement is based has not been reviewed and reported on by Torre’s external auditors. Torre will host a conference call on the financial results for the six months ended 31 December 2017 at 11h00 CAT on 27 February 2018. Anyone who wishes to listen to the presentation of the Group’s interim results can pre-register on the home page of Torre’s website: http://www.torreindustries.com The presentation will also be available on Torre’s website on the morning of the conference call (www.torreindustries.com/investor-presentations). Johannesburg 13 February 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/02/2018 09:00:00 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.