Withdrawal of cautionary announcement - proposed delisting of Torre Industries Limited STELLAR CAPITAL PARTNERS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/015580/06) Share code: SCP ISIN: ZAE000198586 (“Stellar Capital”) WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT - PROPOSED DELISTING OF TORRE INDUSTRIES LIMITED Shareholders are referred to the announcement released by Torre Industries Limited (“Torre”) on the Stock Exchange News Service (“SENS”) earlier today regarding Torre’s receipt of a firm intention to acquire 100% of its issued shares and the declaration of a special cash dividend. Stellar Capital is the holder of 57% of the issued shares of Torre. The cautionary and renewal of cautionary announcements released by Stellar Capital on 9 July 2018, 20 August 2018 and 2 October 2018 relating to the proposed delisting of Torre are accordingly hereby withdrawn. Shareholders are reminded that the cautionary announcement first released on SENS on 18 June 2018 relating to the disposal process of Amecor has not been withdrawn and accordingly, caution is still required to be exercised by shareholders when dealing in the securities of Stellar Capital. 12 November 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/11/2018 02:40:00 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.