Review and Restructing

Torex Retail PLC
04 December 2006

                                TOREX RETAIL PLC



    ANNOUNCES PHASE TWO OF CORPORATE RESTRUCTURING TO INCREASE FOCUS ON CORE
               BUSINESSES THROUGH DISPOSAL OF NON CORE OPERATIONS

                                      AND

                              DIRECTORSHIP CHANGES





Torex Retail Plc ('Torex'), the leading international supplier of innovative
computer systems to the retail sector, is pleased to announce the sale of non
core operations.



A package of businesses, product lines, assets and distribution rights
comprising Leisure, Hotel and Digital Signage systems activities has been sold
for a maximum consideration of £8.0 million.



The package of Non Core Operations have been sold to Shoo 291 Limited, a new
company formed to effect the acquisitions by Ed Dayan and Mark Pearman who are
both  Directors of Torex, but who will be stepping down from the Board with
immediate effect. These Non Core Operations are expected to achieve full year
revenues of an estimated £6.5 million in 2006 and comprise a number of small
companies and businesses employing 65 people across the UK, US,  South Africa ,
Australia and Malaysia.



Separately, Ace Casino Equipment Pty Limited, a South African subsidiary
operating in the casino and gaming sector has been sold to Source IP Limited for
a consideration of £1.8m.



The combined effect of the divestments on full year revenues and operating
profit is estimated at a reduction of £1.8m and £0.3m respectively.  These
business units have a disproportionately high level of activity in the last
quarter of the year.



The disposal increases the focus of the Group on its main markets in Retail,
Hospitality, Quick Service Restaurants and Petroleum & Convenience freeing up
valuable management time and resources.



Chris Moore, Chairman of Torex, commented:



'The disposal of these small non core operations significantly sharpens the
focus of the Group both in terms of sector and geographic concentration. Due to
their small size and contribution the non core operations have not, and will
not, achieve their true potential in a large group like Torex.  It is therefore
right for them to move forward under new ownership which will give them the
focus and investment they require.



On behalf of the Board I would like to thank all the Torex employees who are
transferring to the new company for their hard work and dedication during their
employment with our Group.



The Board would like to thank Ed Dayan and Mark Pearman for their contribution
to the development of the Group and we wish them and their new team every
success in their new venture.'



BOARD CHANGES



In addition Torex confirms that arrangements have been made for restructuring of
the Board.  Chris Moore will remain on the Board as Non Executive Chairman until
such time as the company appoints a new independent Non Executive Chairman.

Mr Moore has entered into a full time consultancy agreement with Torex for a
minimum period of 12 months under which he will actively manage top level client
relationships in certain major global accounts.



A fixed term consultancy arrangement has also been agreed with Nigel Horn, Legal
Director and Company Secretary, who will leave the Board with immediate effect.



Marcus Leek, Chief Finance Officer has been appointed Company Secretary pending
a permanent appointment.



Chris Moore in his position as Non Executive Chairman and the Directors now
leaving Torex continue to hold substantial shareholdings and support the
business going forward.



Neil Mitchell, Chief Executive Officer of Torex stated:-



'Since my arrival as Chief Executive Officer of Torex Retail plc and as part of
my strategic review, this re-focusing of the Group around core operations and
Directorship changes to streamline the Board are significant steps in enabling a
fresh perspective being brought by new management in aggressively growing the
new Torex Retail going forward.  Trading remains in line with market guidance
and we expect to post further positive updates including information on new
contract wins in the near future.'





Enquiries:-



R Neil W Mitchell        Chief Executive Officer
Marcus Leek              Chief Finance Officer
Gavin Palmer             Corporate Governance & Investor Relations Manager
Torex Retail Plc
0870 300 6061



Ginny Pullbrook/Sebastian Hoyle/Freida Moore/Lucie Holloway
Citigate Dewe Rogerson
020 7638 9571








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