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

Dealing in securities by a director 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
(“Company”)

DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY

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

Director                          :   C P Lerm
Company                           :   Clover Industries Limited
Nature of transaction             :   On market sale of securities
Class of securities               :   Ordinary shares

Date of transaction               :   22 October 2013
Number of securities              :   1 000 000
Selling price                         R16.35
Value of transaction              :   R16 350 000.00
Nature of interest                :   Direct beneficial
Clearance obtained                :   Yes


The proceeds from the transaction will be applied, inter
alia:-

   -   to settle a personal loan facility which Dr Lerm’s took
       out to pay his pay as you earn obligations which arose
       from the exercise of share appreciation rights (“SARs”)
       by Dr Lerm 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; and

   -   to settle Dr Lerm’s loan with the Company.


Johannesburg
23 October 2013

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

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