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CLR/CLRP - Clover Industries Limited - Declaration of preference share dividend No. 34 CLOVER INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Income tax number: 9657/002/71/4 JSE Ordinary share code: CLR ISIN: ZAE000152377 JSE Preference share code: CLRP ISIN: ZAE000152385 ("Clover" or "the Company") DECLARATION OF PREFERENCE SHARE DIVIDEND NO. 34 Notice is hereby given that, subject to the condition precedent set out below, a gross preference dividend has been declared, at a rate of 99% of the average prime rate, for the period ending 29 June 2012, payable in South African currency, on 2 July 2012 and amounts to 6.44 cents per preference share. The dividend has been declared from income reserves and no secondary tax on companies` credits has been used. A dividend withholding tax of 15% will be applicable to all shareholders who are not exempt. The dividend net of dividend withholding tax thus amounts to 5.474 cents per preference share. The issued share capital at the declaration date is 179 111 867 ordinary shares and 89 442 022 preference shares. The salient dates for the dividend will be as follows: Finalisation date Friday, 15 June 2012 Last day to trade "cum" the preference share dividend Friday, 22 June 2012 Shares commence trading "ex" the preference share Monday, 25 June 2012 dividend Record date on Friday, 29 June 2012 Payment date on Monday, 2 July 2012 Share certificates may not be dematerialised or rematerialised between 25 June 2012 and 29 June 2012, both days inclusive. With reference to the general meetings of the Company, held yesterday, 7 June 2012, it was resolved, that the memorandum of incorporation ("MOI") of the Company be amended to gross up the preference dividend rate, to 99% of the average prime rate. It is expected that the special resolutions relating to the above will be registered with the Companies and Intellectual Property Commission ("CIPC") on or before 15 June 2012. Accordingly, the above dividend declaration is subject to this condition precedent. If the special resolution is not registered by 15 June 2012, then the change to the MOI is considered not effective and the old rate of 90% of the average prime rate would apply to the dividend. On the finalisation date, an announcement will be made confirming the status of the registration of the special resolutions with CIPC and the final dividend amount. Johannesburg 8 June 2012 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 08/06/2012 10:00:02 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.
