CLOVER INDUSTRIES LIMITED - Dealing in securities by an executive director of the Company

Dealing in securities by an executive director of the Company

Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration number 2003/030429/06)
JSE Ordinary Share code: CLR
NSX Ordinary Share code: CLN
ISIN NO: ZAE000152377
(“Clover and/ or Company”)

DEALING IN SECURITIES BY AN EXECUTIVE DIRECTOR OF THE COMPANY

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Director                         :   Johann Hendrik Vorster
Date of transaction              :   29 December 2017
Class of securities              :   European Options over Clover
                                     ordinary shares
Nature of transaction            :   Off-market collar hedge over
                                     540 000 ordinary shares of
                                     the Company with a put strike
                                     price of R18.14 and a call
                                     strike price of R24.71 which
                                     expired on 29 December 2017
Initial price per share          :   R18.14
Notional put value on expiry     :   R 9 795 600
Notional call value on expiry    :   R13 343 400
Nature of interest               :   Direct beneficial
Clearance obtained               :   Yes

Mr Vorster entered into a financing agreement on or about 31 March
2015 with a financial institution which consists of a loan
agreement securitised by a simultaneous collar hedge and equity
lending transaction.

Johann Vorster continues to hold circa 8 million ordinary shares
in the Company in his own name.

Johannesburg
3 January 2018

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

NSX Sponsor
IJG Securities

Date: 03/01/2018 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.