CLOVER INDUSTRIES LIMITED - Dealing in securities by a director of a major subsidiary of the company

Dealing in securities by a director of a major subsidiary 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
(“the Company”)

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

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

Director                         :   Hendrikus Lubbe
Company                          :   Clover S.A. Proprietary
                                     Limited
Nature of transaction            :   On market sale of securities
Class of securities              :   Ordinary shares
Date of transaction              :   16 October 2013
Number of securities             :   100 000
Selling price (VWAP)                 R16.4186
Value of transaction             :   R1 641 860.00
Highest price                    :   R16.45
Lowest price                     :   R16.40
Nature of interest               :   Direct beneficial
Clearance obtained               :   Yes


The proceeds from the transaction will be applied, inter
alia, to settle Mr Lubbe’s pay as you earn obligations
arising from the exercise of share appreciation rights
(“SARs”) by Mr Lubbe in terms of the Company’s Restated Share
Appreciation Rights Plan. For further details regarding the
exercise   of  SARs,   shareholders  are   referred  to   the
announcement released on the Stock Exchange News Service on 4
June 2013.

Johannesburg
17 October 2013

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

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