Acquisition of the Trading Business Housing Buccaneer Slurry Pumps

The board of directors of Torre (“the Board”) is pleased to announce that it has, through its wholly-owned subsidiary Torre Holdings Proprietary Limited (“Torre Holdings”), concluded an agreement with Mining and Slurry Technologies Proprietary Limited (“MST”) to acquire the trading business housing the Buccaneer brand of Slurry Pumps (“the Acquisition”), effective 1 August 2018 (“effective date”).