CLOVER INDUSTRIES LIMITED - Dealing in securities by a director of a major subsiary of the Company

Dealing in securities by a director of a major subsiary of the Company

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

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIARY OF THE
COMPANY

In compliance with the JSE Limited Listings Requirements, the
Company confirms the following dealing in securities by a director
of a major subsidiary of the Company.

Name of director: Hendrikkus Lubbe (“Mr Lubbe”)
Transaction date: 9 April 2013
Class of securities: Ordinary shares
Nature of transaction: Off-market collar hedge over 300,000
ordinary shares of the Company with a put strike price of R17.55
and a call strike price of R22.29 and expiry on 20 April 2016
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes

Mr Lubbe entered into a financing agreement with a financial
institution which consists of a loan agreement securitised by a
simultaneous collar hedge and equity lending transaction. The loan
will inter alia be utilised to settle Mr Lubbe’s loan from the
Company.

Johannesburg
10 April 2013

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

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