CLOVER INDUSTRIES LIMITED - Dealings in share appreciation rights (SARs) by directors

Dealings in share appreciation rights (SARs) by directors

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 DIRECTORS

Director                        :   H B Roode
Company                         :   Clover Industries Limited
Date of transaction             :   3 June 2013
Nature of transaction           :   Exercise of SARs which are
                                    subsequently equity settled in
                                    accordance with the Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   872 254
Allocation price                :   R4.67
SAR strike price                :   R18.39
Total value of transaction      :   R11 967 324.88
Total number of shares issued   :   650 751 ordinary shares of 5
                                    cents each at an issue price of
                                    R18.39 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   C P Lerm (Dr)
Company                         :   Clover Industries Limited
Date of transaction             :   3 June 2013
Nature of transaction           :   Exercise of SARs which are
                                    subsequently equity settled in
                                    accordance with the Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   818 253
Allocation price                :   R4.67
SAR strike price                :   R18.39
Total value of transaction      :   R11 226 431.16
Total number of shares issued   :   610 463 ordinary shares of 5
                                    cents each at an issue price of
                                    R18.39 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   J H F Botes (Dr)
Company                         :   Clover S.A. Proprietary Limited
Date of transaction             :   3 June 2013
Nature of transaction           :   Exercise of SARs which are
                                    subsequently equity settled in
                                    accordance with the Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   456 968
Allocation price                :   R4.67
SAR strike price                :   R18.39
Total value of transaction      :   R6 269 600.96
Total number of shares issued   :   340 924 ordinary shares of 5
                                    cents each at an issue price of
                                    R18.39 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   H Lubbe
Company                         :   Clover S.A. Proprietary Limited
Date of transaction             :   3 June 2013
Nature of transaction           :   Exercise of SARs which are
                                    subsequently equity settled in
                                    accordance with the Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   675 745
Allocation price                :   R4.67
SAR strike price                :   R18.39
Total value of transaction      :   R9 271 221.40
Total number of shares issued   :   504 144 ordinary shares of 5
                                    cents each at an issue price of
                                    R18.39 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market



Johannesburg
4 June 2013

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

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