Trading statement for the year ended 30 June 2018 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 YEAR ENDED 30 JUNE 2018 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 financial results for the year ended 30 June 2018, expected to be announced on the Stock Exchange News Service on 11 September 2018. Torre shareholders are advised that normalised headline earnings per share (“NHEPS”), headline earnings per share (“HEPS”) and earnings per share (“EPS”) will differ when compared to the previously reported corresponding period due to: - NHEPS has been impacted by lower earnings in the Parts and Components segment partly offset by improved operational performance in the Analytical Services segment; - HEPS was additionally impacted by once-off restructuring and retrenchment costs specifically in relation to SA French within the Capital Equipment segment following the decision to classify this operation as discontinued; and - EPS reflects a significant improvement over the corresponding period due to lower impairment charges in the current financial year. As such, NHEPS, HEPS and EPS for the year ended 30 June 2018 are expected to differ from the previous corresponding reporting period as follows: 12 months to 30 June 2017 12 months to 30 June 2018 Actual Expected range NHEPS 15.01 cents 8.50 cents to 11.00 cents (43% to 27% down) HEPS 10.81 cents 0.90 cents to 3.00 cents (92% to 72% down) EPS -83.38 cents -19.50 cents to -4.50 cents (77% to 95% up) The expected ranges of NHEPS, HEPS and EPS for continuing operations have been included in this trading statement to provide relevant information to shareholders due to the impact of discontinued operations. NHEPS, HEPS and EPS for continuing operations in the previous corresponding period has been re- presented to reflect the impact of classifying SA French, within the Capital Equipment segment, as discontinued. As such, NHEPS, HEPS and EPS for the Group from continuing operations to 30 June 2018 are expected to vary from the corresponding period as follows: 12 months to 30 June 2017 12 months to 30 June 2018 Re-presented Expected range NHEPS 7.82 cents 9.75 cents to 11.25 cents (25% to 44% up) HEPS 3.82 cents 3.60 cents to 4.25 cents (6% down to 11% up) EPS -76.68 cents -11.85 cents to -1.50 cents (85% to 98% up) The financial information on which the trading statement has been 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 year ended 30 June 2018 at 10h00 CAT on 12 September 2018. The presentation will also be available on Torre’s website on the morning of the conference call (www.torreindustries.com/investor-presentations). Johannesburg 29 August 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29/08/2018 02:00:00 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.