CLOVER INDUSTRIES LIMITED - Dealings in share appreciation rights (SARS) by a director and certain executives

Dealings in share appreciation rights (“SARS”) by a director and certain executives

Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration No. 2003/030429/06
Ordinary Share code: CLR ISIN N0: ZAE000152377
(“the Company”)

DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) BY A DIRECTOR AND
CERTAIN EXECUTIVES

Director                      :   C P Lerm
Company                       :   Clover Industries Limited
Date of transaction           :   2 October 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      :   44 446
Allocation price              :   Rnil
SAR strike price              :   R16-72

Total value of transaction    :   R743 137.12
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market


Executive                     :   J H F Botes
Company                       :   Clover Industries Limited
Date of transaction           :   2 October 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      :   44 444
Allocation price              :   Rnil
SAR strike price              :   R16-72

Total value of transaction    :   R743 103.68
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market

Executive                     :   H Lubbe
Company                       :   Clover Industries Limited
Date of transaction           :   2 October 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      :   44 444
Allocation price              :   Rnil
SAR strike price              :   R16-72

Total value of transaction    :   R743 103.68
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market



Johannesburg
3 October 2013

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

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