Dealing in securities by an executive director of the company 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”) DEALING IN SECURITIES BY AN EXECUTIVE DIRECTOR OF THE COMPANY Shareholders are referred to the announcement released on SENS on 1 April 2015 wherein shareholders were advised that Mr Vorster had entered into various zero-cost collar hedge transactions, the first tranche of which is in respect of, in aggregate, 540 000 ordinary shares of the Company, with an expiry date of 31 March 2017, and which option has a put strike price of R18.14 and a call strike price of R22.46 (herein after referred to as the "First 2015 collar tranche"). On 31 March 2017, the First 2015 collar tranche was settled by the off-market transfer of 540 000 ordinary shares of the Company to the relevant counterparty (which held them pursuant to a pledge and securities loan arrangement) at a price of R19.00 (determined at the 30 day VWAP to 31 March 2017 on the basis that the share price was trading above the put strike price) resulting in a transaction value of R10 260 000. This is a direct beneficial interest with no prior clearance required given there was no discretion exercised by the director and the sale of shares occurred in settlement of the debt on expiry of the First 2015 collar tranche. Johannesburg 4 April 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG Securities Date: 04/04/2017 03:00:00 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.