CLR / CLRP - Clover Industries Limited - Trading statement

CLR / CLRP - Clover Industries Limited - Trading statement                      
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 Industries" or "the Company")                                          
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, companies are obliged 
to provide guidance to the market when they are satisfied that a reasonable     
degree of certainty exists that the financial results for a reporting period    
will differ by at least 20% from the results of the previous corresponding      
reporting period.                                                               
Accordingly, shareholders are advised that headline earnings per ordinary share 
("HEPS") for the six months ended 31 December 2010 is expected to be between    
73.11 and 73.29 cents (2009: HEPS 0.9 cents) and the Earnings per ordinary share
("EPS") for the same period is expected to be between 75.1 cents and 75.5 cents 
(2009: EPS 2 cents).                                                            
It should be noted that during the six months to 31 December 2009 the preference
shares were entitled to 97% of ordinary dividends declared. EPS calculations are
based on the dividend rights attached to the different classes of shares and    
accordingly 97% of the earnings during the comparative period accrued to the    
preference shares. Following the capital restructuring on 31 May 2010 the       
preference shares are no longer entitled to share in ordinary dividends leading 
to the very significant increases in both basic EPS and HEPS for ordinary       
shares. The weighted average number of ordinary shares used to calculate the 31 
December 2009 EPS and HEPS were adjusted to take into consideration the 2 for 1 
subdivision of the ordinary shares effective the 4th of November 2010.          
It is anticipated that Clover Industries will release its interim results on    
SENS on or about 14 March 2011.                                                 
Shareholders are advised that the financial information on which this trading   
statement is based has not been reviewed and reported on by the Company`s       
external auditors.                                                              
Johannesburg                                                                    
18 February 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 18/02/2011 09:00:02 Supplied by www.sharenet.co.za                     
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.