Dealings In Share Appreciation Rights (“Sars”) By Executive Directors And Other Executives 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 EXECUTIVE DIRECTORS AND OTHER EXECUTIVES Director : C P Lerm Company : Clover Industries Limited Date of transaction : 13 November 2012 Nature of transaction : Exercise of SARs which are subsequently cash settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 44 445 Allocation price : Rnil SAR strike price : R14.0786 Total value of transaction : R 625 723.38 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Executive : H Lubbe Company : Clover Industries Limited Date of transaction : 13 November 2012 Nature of transaction : Exercise of SARs which are subsequently cash settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 44 444 Allocation price : Rnil SAR strike price : R14.0786 Total value of transaction : R625 709.30 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Executive : J H F Botes Company : Clover Industries Limited Date of transaction : 13 November 2012 Nature of transaction : Exercise of SARs which are subsequently cash settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 44 444 Allocation price : Rnil SAR strike price : R14.0786 Total value of transaction : R625 079.30 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Johannesburg 14 November 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/11/2012 10:00:00 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.