CLOVER INDUSTRIES LIMITED - Renewal of cautionary announcement

Renewal of cautionary announcement

Clover Industries Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/030429/06
NSX Ordinary Share code: CLN
Ordinary Share Code: CLR ISIN No: ZAE000152371
(“Clover” or "the Company")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on the
Stock   Exchange   News    Service   on   5   December   2016.   In   that   announcement
shareholders were advised that Clover is in the process of restructuring
its business to give effect to its stated objective of developing higher
margin, value added products in dairy and other related food categories and
to eliminate its exposure to the cyclicality of its low margin business in
future (the "Restructure"). Shareholders are advised that the Restructure
is ongoing.

Accordingly, shareholders are advised to continue to exercise caution when
dealing in the Company's securities until a full announcement is made.


Johannesburg
20 January 2017


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

NSX Sponsor
IJG SECURITIES

Attorneys
Werksmans

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