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 Group” or “the Company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, 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 (“HEPS”) for the six months ended 31 December 2014 to be at least 30% or 23.2 cents higher than the corresponding reporting period of the previous year’s HEPS of 77.3 cents. Further, earnings per share (“EPS”) for the six months ended 31 December 2014 are expected to be at least 25% or 21.8 cents higher than the corresponding reporting period of the previous year’s EPS of 87.0 cents. There is currently insufficient certainty to enable the Group to provide specific guidance on the extent of this impact on HEPS end EPS and it is anticipated that Clover will publish a further trading statement closer to the release of its interim financial results on the Stock Exchange News Service on or about 16 March 2015. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Johannesburg 23 December 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 23/12/2014 03:30:00 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.