Updated trading statement Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Ordinary Share code: CLR ISIN No: ZAE000152377 ("the Company") UPDATED TRADING STATEMENT Shareholders are referred to the updated trading statement released on the Stock Exchange News Service ("SENS") on 21 August 2014 wherein the Company advised that headline earnings per share ("HEPS") for the year ended 30 June 2014 were expected to be between 14,8% and 19,8% lower than the previous year (FY 2013: HEPS 119,9 cents) and that earnings per share ("EPS") for the year ended 30 June 2014 was expected to be between 20,7% and 25,7% lower than the prior year (FY 2013: EPS 133,1 cents). Shareholders are now advised that the Company expects HEPS for the year ended 30 June 2014 to be between 11.8% and 16.8% lower than the previous year (FY 2013: HEPS 119,9 cents). The Company’s expectations regarding EPS for the year ended 30 June 2014 remain unchanged and as announced in the updated trading statement released on SENS on 21 August 2014. Major factors that impacted upon the financial performance of the Company were highlighted in the trading statement announcements released on SENS on 21 August 2014 and 8 May 2014. The forecast financial information on which this updated trading statement is based has not been reviewed and reported on by the Company’s external auditors. The Company expects to release its annual financial results for the year ended 30 June 2014 on SENS on or about 16 September 2014. Johannesburg 3 September 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03/09/2014 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.