CLOVER INDUSTRIES LIMITED - Retirement of director

Retirement of director

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” or “the Group”)

RETIREMENT OF DIRECTOR

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

Dr Christiaan Philippus Lerm (59), the Company’s Executive: Brands
and Marketing, will retire as an executive director of the Company
with effect from 30 June 2016.

Dr Lerm joined Clover in 1991 and has held numerous executive
positions during his tenure at the Company, including Executive:
Marketing and Production and as Chief Operating Officer of Clover
Beverages Limited.

Chris has been discussing his early retirement from corporate life
since the Company’s successful listing in December 2010 and as
such his responsibilities will be transferred to a suitable
external candidate to be appointed in due course. It is
anticipated that this appointment will be at a senior managerial
level (below executive level) reporting directly to the Chief
Executive.

The board of directors extends its sincere thanks to Chris for his
valuable contribution to Clover for over a quarter of a century,
and wishes him well in his retirement.

Dr Lerm's executive directorship position on the Board of
Directors of the Company will not be filled at this point in time.

Johannesburg
19 January 2016


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

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