CLOVER INDUSTRIES LIMITED - Change to the board of directors

Change to the board of directors

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

CHANGE TO THE BOARD OF DIRECTORS

In compliance with the JSE Limited     Listings   Requirements,   the
following information is disclosed:

Louis Jacques Botha, the Company’s Financial Director, has
tendered his resignation as an executive director of the Company,
with effect from 2 January 2016, for personal reasons and in order
to spend more time with his family.

Jacques has been with Clover since 2006 when he was appointed as
Executive: Corporate Development and played an instrumental role
in formulating and establishing Clover’s unique milk procurement
system, or CUMPS, which remains an industry leader to this day. In
2007 Jacques was appointed as Clover’s Financial Director.

Jacques also played an instrumental role in negotiations and
events that culminated in our successful listing on the JSE on 14
December 2010. Since our listing, Jacques and his team has won the
coveted Investment Analyst Society’s award for excellence in
reporting for three consecutive years.

The board of directors extends its sincere thanks to Jacques for
his valuable contribution to Clover throughout his tenure and
wishes him well in his personal endeavours.

Elton Ronald Bosch, currently an Executivein Business Development,
Risk & Africa will succeed Jacques as Executive Financial
Director, with effect from 2 January 2016.

Prior to joining Clover in June 2012, Elton was a partner at
Deloitte. He holds a B.Com (Hons) and CA (SA) qualification, is
registered with IRBA and SAICA and was a member of SAICA’s
Accounting Practice Committee (APC). Elton gained extensive
experience in the private and public sectors, across a broad range
of services within the auditing and accounting profession. He has
also been extensively involved in Scientific Research at the CSIR,
and the Agricultural Research Centre (ARC), on a host of issues
confronting the South-African economy, including agricultural
reform. He was the regional leader responsible for the Deloitte
Risk Advisory division in Pretoria. Having served on the Executive
Committee for the past three years, and being responsible for the
Integrated Report, he will comfortably step into the position of
Financial Director.
Johannesburg

28 September 2015


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

NSX Sponsor
IJG SECURITIES

Date: 28/09/2015 07:45:00 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.