Dealings in share appreciation rights (SARs) by directors 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 DIRECTORS Director : H B Roode Company : Clover Industries Limited Date of transaction : 3 June 2013 Nature of transaction : Exercise of SARs which are subsequently equity settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 872 254 Allocation price : R4.67 SAR strike price : R18.39 Total value of transaction : R11 967 324.88 Total number of shares issued : 650 751 ordinary shares of 5 cents each at an issue price of R18.39 per share Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Director : C P Lerm (Dr) Company : Clover Industries Limited Date of transaction : 3 June 2013 Nature of transaction : Exercise of SARs which are subsequently equity settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 818 253 Allocation price : R4.67 SAR strike price : R18.39 Total value of transaction : R11 226 431.16 Total number of shares issued : 610 463 ordinary shares of 5 cents each at an issue price of R18.39 per share Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Director : J H F Botes (Dr) Company : Clover S.A. Proprietary Limited Date of transaction : 3 June 2013 Nature of transaction : Exercise of SARs which are subsequently equity settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 456 968 Allocation price : R4.67 SAR strike price : R18.39 Total value of transaction : R6 269 600.96 Total number of shares issued : 340 924 ordinary shares of 5 cents each at an issue price of R18.39 per share Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Director : H Lubbe Company : Clover S.A. Proprietary Limited Date of transaction : 3 June 2013 Nature of transaction : Exercise of SARs which are subsequently equity settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 675 745 Allocation price : R4.67 SAR strike price : R18.39 Total value of transaction : R9 271 221.40 Total number of shares issued : 504 144 ordinary shares of 5 cents each at an issue price of R18.39 per share Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Johannesburg 4 June 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04/06/2013 12:00:00 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.