Dealings in share appreciation rights (“SARS”) by former director 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 FORMER DIRECTOR* Director : H B Roode Company : Clover Industries Limited Date of transaction : 1 July 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 : 1 744 508 Allocation price : R4.67 SAR strike price : R16.83 Total value of transaction : R21 213 217.28 Total number of shares issued : 1 260 440 ordinary shares of 5 cents each at an issue price of R16.83 per share Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Director : H B Roode Company : Clover Industries Limited Date of transaction : 1 July 2013 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 : 133 334 Allocation price : R0 SAR strike price : R17.74 Total value of transaction : R2 365 345.16 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market *As announced on the Stock Exchange News Service on 1 October 2012, Mr Roode retired from the board of Clover with effect from 30 June 2013. Nevertheless, and in the interests of good corporate governance, his dealings have been disclosed voluntarily. Johannesburg 1 July 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 01/07/2013 04:00:00 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.