Trading statement Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Ordinary Share code: CLR ISIN: ZAE000152377 (“Clover” or “the Group” or “the Company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited (“Listings Requirements), companies are obliged to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the forthcoming reporting period will differ by at least 20% from the results of the previous corresponding reporting period. Accordingly, shareholders of the Company are advised that, Clover expects headline earnings per share and earnings per share for the six months ended 31 December 2013 to be at least 20% higher than the corresponding reporting period of the previous year. The abovementioned is mainly attributable to the non-recurrence of significant marketing investment in new product launches which occurred during the corresponding reporting period of the previous year and the higher selling prices achieved during the current reporting period. However, due to the Group’s performance for the six months ended 31 December 2013 being highly dependent on the festive season , the Company cannot with reasonable certainty, quantify the extent of its results for the for the six months ended 31 December 2013 within the 20% range required by the Listings Requirements. A further trading statement for the six months ended 31 December 2013 will be issued later once more certainty exists. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. Johannesburg 17 December 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17/12/2013 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.