Renewal of cautionary announcement regarding the proposed delisting of Torre Torre Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2012/144604/06) Share Code: TOR ISIN: ZAE000188629 (“Torre” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT REGARDING THE PROPOSED DELISTING OF TORRE Shareholders are referred to the cautionary announcements published on the Stock Exchange News Service (“SENS”) on 9 July 2018 and 20 August 2018 which detailed the basis on which the Torre board (“Board”) resolved to proceed with the delisting of the Company from the JSE (“Proposed Delisting”). As noted therein, Torre intends to offer Torre shareholders the option to either elect to retain some or all of their shares post the Proposed Delisting or to accept a cash offer and sell some or all of their shares. The Board, together with the established independent delisting committee, continues to finalise the terms of the Proposed Delisting. A detailed terms announcement will be published on SENS and in the press in due course and will include the salient dates relating to the above (“Terms Announcement”). The Proposed Delisting may have a material effect on the price of Torre’s securities and, accordingly, shareholders are advised to continue to exercise caution when dealing in their Torre securities until the Terms Announcement is made and the cautionary announcement is withdrawn. Johannesburg 2 October 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 02/10/2018 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.