TORRE INDUSTRIES LIMITED - Finalisation announcement in respect of the offer and delisting of Torre

Finalisation announcement in respect of the offer and delisting of Torre

Torre Industries Limited                      Main Street 1641 Proprietary Limited
(Incorporated in the Republic of South        (Incorporated in the Republic of South Africa)
Africa)                                       (Registration number 2018/420756/07)
(Registration number 2012/144604/06)          (“Consortium” or “Offeror”)
Share Code: TOR
ISIN: ZAE000188629
(“Torre” or “the Company”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE OFFER AND DELISTING OF TORRE

Torre shareholders are referred to the announcements released on SENS on 21 December 2018
and 12 February 2019. Using the terms defined in the Circular, dated, 21 December 2018,
containing details of the Offer and Delisting of the Company, Torre shareholders are advised that
the Conditions Precedent to the Scheme have been fulfilled and the Scheme of Arrangement
became unconditional with effect from date hereof (i.e. 8 April 2019).

The salient dates and times relating to the operative date of the Scheme and the anticipated
Delisting date are set out below:

  Action                                                                                2019

  Last day to trade in Shares in order to be recorded in the Register        Monday, 15 April
  on the Record Date (Scheme Last Day to Trade)

  Suspension of listing of Shares on the JSE                                Tuesday, 16 April

  Scheme Record Date on which Shareholders must be recorded in             Thursday, 18 April
  the Register to receive the Scheme Consideration

  Operative Date of the Scheme                                              Tuesday, 23 April

  Scheme Consideration to be sent by EFT or by cheque to                    Tuesday, 23 April
  Certificated Shareholders who have lodged their Form of
  Surrender with the Transfer Secretaries on or prior to 12:00 on
  the Record Date on or about

  Dematerialised Scheme Participants’ accounts with their CSDP or           Tuesday, 23 April
  Broker will be credited with the Scheme Consideration on or
  about

  Termination of listing of Shares at commencement of trade on            Wednesday, 24 April
  the JSE

 Notes

 1.   All times are local times in South Africa.
 2.   Share certificates may not be dematerialised or rematerialised after the Scheme Last Day to
      Trade.


Johannesburg
8 April 2019

Legal Adviser to EMMF
Webber Wentzel

Corporate Finance Advisor to the Consortium
Apex Partners Proprietary Limited

Torre Transaction Sponsor
Questco Proprietary Limited

Independent Expert
BDO Corporate Finance Proprietary Limited

Date: 08/04/2019 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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