Performance Attribution Call

Toro Limited (the Company)

4 April 2017

Performance Attribution Call

Chenavari Investment Managers will be hosting the next quarterly performance attribution call for the Company, to discuss the Company's Q1 performance and outlook for 2017.

The call will take place on 27 April 2017 at 2pm UK Time with Benoit Pellegrini, Senior Portfolio Manager, conducting the call.

Please note that this will be a closed/structured call. Please register your interest in joining the call by emailing [email protected] no later than close of business on 24 April 2017. Attendance will be limited to professional investors. Participants with questions they wish to be covered during the call should send them to [email protected] a week in advance and the portfolio manager will endeavour to respond to them.

The dial in details will be provided to registered participants ahead of the call.

Further information in relation to the Company is available at:

http://www.torolimited.gg/

Enquiries:

Kirstie Sumarno

Chenavari Investment Managers

Email: [email protected]

Telephone: +44 20 7259 3600