CLR / CLRP - Clover Industries Limited - Over-allotment option

CLR / CLRP - Clover Industries Limited - Over-allotment option                  
CLOVER INDUSTRIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/030429/06)                                            
JSE Ordinary share code: CLR  ISIN: ZAE000152377                                
JSE Preference share code: CLRP ISIN: ZAE000152385                              
("Clover")                                                                      
OVER-ALLOTMENT OPTION                                                           
Reference is made to the pre-listing statement, dated 29 November 2010 relating 
to the listing of all of Clover`s issued ordinary shares with a par value of    
R0.05 each (the "Offer") and to the abridged pre-listing statement released on  
SENS on 29 November 2010, relating to the Offer and the listing of Clover`s     
cumulative redeemable preference shares with a par value of R0.10 each, on the  
main board of the securities exchange operated by the JSE Limited with effect   
from the commencement of business on Tuesday, 14 December 2010. Reference is    
also made to the pricing announcement relating to the Offer, released on SENS on
9 December 2010.                                                                
The directors of Clover wish to advise that, in respect of  the Offer, FirstRand
Limited acting through Rand Merchant Bank, in its capacity as stabilisation     
manager, has given notice to Clover that it will exercise the over-allotment    
option granted to it by Clover in respect of 7,142,857 Clover ordinary shares.  
Post the exercise of the over-allotment option, the total number of Clover      
ordinary shares in issue will be 179,111,867.                                   
The stabilisation period commenced at 9am on 14 December 2010 and ended at 5pm  
on 12 January 2011.                                                             
Johannesburg                                                                    
12 January 2011                                                                 
Bookrunner, sponsor and stabilisation manager                                   
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 12/01/2011 17:30:01 Supplied by www.sharenet.co.za                     
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