Dealings in securities by a director Clover Industries Limited Incorporated in the Republic of South Africa (Registration number 2003/030429/06) JSE Ordinary Share code: CLR NSX Ordinary Share code: CLN ISIN NO: ZAE000152377 DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Johann Hendrik Vorster Company : Clover Industries Limited Date of transaction : 31 March 2016 Class of securities : Ordinary shares Nature of transaction : Off-market collar hedge to securitise a loan agreement Number of securities : 300 000 Put Strike Price : R17.21 Call Strike Price : R24.18 Expiry Date : 18 September 2018 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 31 March 2016 Class of securities : Ordinary shares Nature of transaction : Off-market collar hedge to securitise a loan agreement Number of securities : 300 000 Put Strike Price : R17.21 Call Strike Price : R25.30 Expiry Date : 31 December 2018 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 31 March 2016 Class of securities : Ordinary shares Nature of transaction : Off-market collar hedge to securitise a loan agreement Number of securities : 300 000 Put Strike Price : R17.21 Call Strike Price : R26.16 Expiry Date : 04 January 2019 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 1 April 2016 Class of securities : Ordinary shares Nature of transaction : Off-market collar hedge to securitise a loan agreement Number of securities : 198 122 Put Strike Price : R17.21 Call Strike Price : R27.19 Expiry Date : 30 June 2019 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 transactions. 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 02 March 2016. Johannesburg 4 April 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG Securities Date: 04/04/2016 12:00:00 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.