Further trading statement Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Share code: CLR ISIN No: ZAE000152377 NSX Ordinary Share code: CLN (“Clover” or “the Group” or “the Company”) FURTHER TRADING STATEMENT Shareholders are referred to the trading update and trading statement released on SENS on 18 January 2017 wherein the Company advised shareholders that it expected:- - headline earnings and earnings for the six months ended 31 December 2016 (“the period”) to be between 14.6% and 24.6% and between 12.1% and 22.1% lower, respectively, than that reported for the six months ended 31 December 2015 (“the comparative period”); - headline earnings per share (“HEPS”) for the period to be between 15.7% (18.33 cents) and 25.7% (30.02 cents) lower than HEPS of 116.96 cents reported for the comparative period. - earnings per share (“EPS”) for the period to be between 13.2% (15.36 cents) and 23.2% (26.96 cents) lower than EPS of 116.07 cents reported for the comparative period. Shareholders are advised that Clover now expects: - - headline earnings and earnings for the period to be between 11.0% and 16.0% and between 7.1% and 12.1% lower, respectively, than the comparative period; - HEPS for the period to be between 12.1% (14.20 cents) and 17.1% (20.05 cents) lower than HEPS of 116.96 cents reported for the comparative period. - EPS for the period to be between 8.3% (9.60 cents) and 13.3% (15.41 cents) lower than EPS of 116.07 cents reported for the comparative period. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. The Company expects to release its interim financial results for the six months ended 31 December 2016 on SENS on or about 01 March 2017. Johannesburg 21 February 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG SECURITIES Date: 21/02/2017 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.