Change to the board TORRE INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number: 2012/144604/06) Share code: TOR ISIN: ZAE000188629 (“Torre Industries” or “the Company”) CHANGE TO THE BOARD In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that Mr Shivan Mansingh has informed the Board of his intention to resign as an employee and Chief Financial Officer (“CFO”) of Torre Industries, effective 31 March 2019. Shivan’s resignation is in anticipation of the termination of the listing of the Company on the JSE, the details of which were announced on SENS on 21 December 2018 and 12 February 2019. The effective date of the scheme of arrangement and delisting is subject to the fulfilment of outstanding regulatory conditions precedent. Shivan will, however, and to the extent required, remain a member of the Torre Industries Board as a non-executive director until the Scheme and Delisting have become unconditional in all respects, in order to fulfil his obligations in terms of regulation 108 of the Companies Regulations, 2011, promulgated under the Companies Act, No. 71 of 2008. Details of the appointment of a new interim CFO will be announced in due course in the event that the scheme of arrangement has not become unconditional by 31 March 2019. The Board thanks Shivan for his contribution to Torre Industries as Chief Financial Officer and wishes him all the best in his future endeavours. Johannesburg 15 March 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15/03/2019 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.