CLOVER INDUSTRIES LIMITED - Dealings In Share Appreciation Rights (Sars) By Executive Directors And Other Executives

Dealings In Share Appreciation Rights (“Sars”) By Executive Directors And Other Executives

Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration No. 2003/030429/06
Ordinary Share code: CLR ISIN N0: ZAE000152377
Preference Share code: CLRP ISIN No: ZAE000152385
(“Clover”)

DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) BY EXECUTIVE
DIRECTORS AND OTHER EXECUTIVES

Director                      :   C P Lerm
Company                       :   Clover Industries Limited
Date of transaction           :   13 November 2012
Nature of transaction         :   Exercise of SARs which are
                                  subsequently cash settled in
                                  accordance with the Restated
                                  Clover Share Appreciation Rights
                                  Plan
Class of securities           :   SARs in respect of ordinary
                                  shares
Number of SARs exercised      :   44 445
Allocation price              :   Rnil
SAR strike price              :   R14.0786
Total value of transaction    :   R 625 723.38
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market

Executive                     :   H Lubbe
Company                       :   Clover Industries Limited
Date of transaction           :   13 November 2012
Nature of transaction         :   Exercise of SARs which are
                                  subsequently cash settled in
                                  accordance with the Restated
                                  Clover Share Appreciation Rights
                                  Plan
Class of securities           :   SARs in respect of ordinary
                                  shares
Number of SARs exercised      :   44 444
Allocation price              :   Rnil
SAR strike price              :   R14.0786
Total value of transaction    :   R625 709.30
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market

Executive                     :   J H F Botes
Company                       :   Clover Industries Limited
Date of transaction           :   13 November 2012
Nature of transaction         :   Exercise of SARs which are
                                  subsequently cash settled in
                                  accordance with the Restated
                                  Clover Share Appreciation Rights
                                  Plan
Class of securities           :   SARs in respect of ordinary
                                  shares
Number of SARs exercised      :   44 444
Allocation price              :   Rnil
SAR strike price              :   R14.0786
Total value of transaction    :   R625 079.30
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market

Johannesburg
14 November 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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