Report on proceedings at the annual general meeting Torre Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2012/144604/06 Share code: TOR ISIN: ZAE000188629 ("Torre" or “the Company”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING The Company is pleased to advise shareholders that all the resolutions contained in the notice of annual general meeting (“AGM”) were passed by the required majority of votes by shareholders present or represented by proxy at the AGM of Torre held today, 5 December 2018 at 09h30 at Torre’s registered offices situated at 11 Avalon Road, Westlake View Ext. 11, Modderfontein, Johannesburg. Shares abstained Votes carried disclosed as a Shares voted disclosed as a percentage in relation to the total disclosed as a percentage in number of shares voted at the percentage in relation to the total meeting relation to the total issued share capital* issued share capital* Number of Resolutions For Against shares voted Ordinary resolution number 1 Adoption of annual financial statements 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 2 Director re-election (CS Seabrooke) 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 3 Director re-election (LE Mthimunye) 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 4 Appointment and remuneration of Auditors 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 5 Appointment of Audit and Risk Committee member – LE Mthimunye 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 6 Appointment of Audit and Risk Committee member – CS Seabrooke 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 7 Appointment of Audit and Risk Committee member – MM Ngoasheng 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 8 Election of Social, Ethics and Transformation Committee member MM Ngoasheng 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 9 Election of Social, Ethics and Transformation Committee member S M Ziphethe-Makola 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 10 Election of Social, Ethics and Transformation Committee member P J van Zyl 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 11 Election of Social, Ethics and Transformation Committee member J W Hillary 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 12 Placing unissued shares under the control of the directors and issues of shares for cash 100.00% 0.00% 445 564 580 86.65% 0.00% Ordinary resolution number 13 Approval of remuneration policy 99.46% 0.54% 445 564 580 86.65% 0.00% Ordinary resolution number 14 Approval of implementation report 99.46% 0.54% 445 564 580 86.65% 0.00% Special resolution number 1 General authority to acquire (repurchase) shares 100.00% 0.00% 445 564 580 86.65% 0.00% Special resolution number 2 Non-executive directors’ remuneration 99.46% 0.54% 445 564 580 86.65% 0.00% Special resolution number 3 General authority to enter into funding agreements, provide loans or other 100.00% 0.00% 445 564 580 86.65% 0.00% financial assistance *Total issued share capital is 514 197 105. Johannesburg 5 December 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 05/12/2018 01:00:00 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.