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 (“SENS”) on 5 December 2016;
 -    renewal of cautionary announcement released on the SENS on 20 January 2017;
 -    renewal of cautionary announcement released on the SENS on 30 January 2017; and
 -    renewal of cautionary announcement released on the SENS on 13 March 2017.

In the abovementioned announcements 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.

As previously advised, Clover and the prospective management of DFSA are
still in discussions pertaining to the finalisation of appropriate
transaction agreements.

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


Johannesburg
28 April 2017


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

Attorneys
Werksmans




          
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