CLOVER INDUSTRIES LIMITED - Dealings in securities by a director of a major subsidiary

Dealings in securities by a director of a major subsidiary

Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration No. 2003/030429/06)
JSE Ordinary Share code: CLR
NSX Ordinary Share code: CLN
ISIN NO: ZAE000152377
("Clover")

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

Director                      :   Hendrikus Lubbe
Company                       :   Clover S.A. Proprietary Limited
Date of transaction           :   30 March 2016
Nature of transaction         :   Off market sale of securities
Class of securities           :   Ordinary Shares
Number of securities          :   300 000
Selling price                 :   R17.55
Total value of transaction    :   R5 265 000.00
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

The proceeds of the sale of the shares will be utilised to settle
Mr Lubbe’s loan in respect of a financing agreement entered into
with a financial institution which consists of a loan agreement
securitised by a simultaneous collar hedge and equity lending
transaction.


Johannesburg
31 March 2016

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

NSX Sponsor
IJG Securities

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