CLOVER INDUSTRIES LIMITED - Voluntary trading statement

Voluntary trading statement

Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
Share code: CLR
ISIN No: ZAE000152377
("Clover" or "the Company" or “the Group”)

VOLUNTARY TRADING STATEMENT

Clover is currently finalising its results for the financial year
ended 30 June 2013, which are expected to be released on SENS on
or about Tuesday, 17 September 2013.

In this regard, shareholders are referred to the unaudited interim
results published on 12 March 2013 for the six months ended 31
December 2012 that was impacted by a number of factors, that
includes investments in new products and platforms, as well as
increases in other fixed costs, and costs associated with labour
related disruptions. The combination of these factors resulted in
headline earnings per share (“HEPS”) and earnings per share
(“EPS”) being 33.5% and 23.2% lower than the corresponding prior
period respectively.

During the second half of the financial year, revenue growth and
the successful implementation of a number of measures across the
Group delivered positive results.   As a result, shareholders are
advised that the Group now expects:

  - HEPS to be between 0% and 5% higher than the 116,0 cents for
    the previous year ended 30 June 2012; and
  - EPS to be between 10% and 20% higher than the 114,6 cents for
    the prior year ended 30 June 2012.

The aforementioned   improvement   is   largely   attributable   to   the
following:

  - the implementation of selling price increases to the market
    during January 2013;
  - reduced promotional activities following the selling price
    increases;
  - cost saving initiatives; and
  - exchange rate profits made by certain African subsidiaries
    due to the weakening of the Rand.

The financial information on which this trading statement is based
has not been reviewed and reported on by the Company’s external
auditors.

Johannesburg
16 August 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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