Correction of errors to notice of annual general meeting and proxy 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”) CORRECTION OF ERRORS TO NOTICE OF ANNUAL GENERAL MEETING AND PROXY Shareholders are referred to the announcement released over SENS on 22 September 2016 in terms of which:- - Shareholders were advised that the Company’s Integrated Annual Report with summary annual financial statements (“Summary Integrated Report”) was distributed to shareholders on, 22 September 2016 and contained no modifications to the audited results which were published on SENS on 13 September 2016; and - Notice was given that the annual general meeting of Clover’s shareholders will be held at 200 Constantia Drive, Constantia Kloof on Monday, 28 November 2016 at 10h00 to transact the business as stated in the annual general meeting notice forming part of the Summary Integrated Report (“Notice of AGM”). Shareholders are advised that the Notice of AGM contains two errors as follows: a) in that the date referred to in paragraph 7.1 of Ordinary Resolution 7 is stated as being 28 November 2016, and not 28 November 2017 as previously stated; and b) in that the increase in remuneration referred to in paragraph 2.3 of Special Resolution number 2: Remuneration of Non- executive Directors is stated as being a 6% (six percent) increase from that which was payable to Non-executive Directors for their services as Directors of the Company for the period 1 July 2015 to 30 June 2016, and not a 0% (zero percent) increase as previously stated. Shareholders are further advised that the correct reading of the above paragraphs are as follows: 7. Ordinary resolution number 7: 7.1 Resolution To approve the election of Mr TA Wixley, who is an independent non-executive director of the Company, to Audit and Risk Committee for that period of the 2017 financial year of the Company commencing on 1 July 2016 and ending on 28 November 2016 and to ratify the actions taken by Mr TA Wixley in anticipation of his election for that period. Mr TA Wixley will not hold himself available for re-election at the Annual General Meeting and will therefore retire as a director on 28 November 2016. As is evident from Mr TA Wixley’s biography (which appears below), he had the required qualifications and experience to fulfil his duties as committee member. 2. Special Resolution number 2: Remuneration of Non-Executive Directors 2.3 Explanation The reason for and the effect of this special resolution is to grant the Company the authority to pay remuneration to its Non- executive Directors for their services as Directors of the Company for the period 1 July 2016 to 30 June 2017. The remuneration specified herein has increased by 6% (six percent) from that which was payable to Non-executive Directors for their services as Directors of the Company for the period 1 July 2015 to 30 June 2016. The Chairman’s and lead Independent Director’s total fees include the Board and all committee memberships. Johannesburg 6 October 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG Securities Date: 06/10/2016 10:00:00 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.