Dealing in securities by an executive director of the company Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Ordinary Share code: CLR ISIN No: ZAE000152377 (“Company”) DEALING IN SECURITIES BY AN EXECUTIVE DIRECTOR OF THE COMPANY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Johann Hendrik Vorster Date of transaction : 31 March 2015 Class of securities : Ordinary shares Nature of transactions : Off-market collar hedge over 540 000 ordinary shares of the Company with a put strike price of R18.14 and a call strike price of R22.46 and expiry on 31 March 2017 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 31 March 2015 Class of securities : Ordinary shares Nature of transactions : Off-market collar hedge over 540 000 ordinary shares of the Company with a put strike price of R18.14 and a call strike price of R23.22 and expiry on 30 June 2017 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 31 March 2015 Class of securities : Ordinary shares Nature of transactions : Off-market collar hedge over 540 000 ordinary shares of the Company with a put strike price of R18.14 and a call strike price of R23.82 and expiry on 29 September 2017 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 31 March 2015 Class of securities : Ordinary shares Nature of transactions : Off-market collar hedge over 540 000 ordinary shares of the Company with a put strike price of R18.14 and a call strike price of R24.71 and expiry on 29 December 2017 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 31 March 2015 Class of securities : Ordinary shares Nature of transactions : Off-market collar hedge over 540 000 ordinary shares of the Company with a put strike price of R18.14 and a call strike price of R25.18 and expiry on 29 March 2018 Nature of interest : Direct beneficial Clearance obtained : Yes Mr Vorster entered into a financing agreement with a financial institution which consists of a loan agreement securitised by a simultaneous collar hedge and equity lending transaction. A portion of the transaction proceeds will be applied to settle Mr Vorster’s tax obligations arising from his exercise of share appreciation rights, per the announcement released on the Stock Exchange News Service on 17 March 2015. Johannesburg 1 April 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 01/04/2015 02:00:00 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.