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 the Mr Vorster had entered into various zero-cost collar hedge transactions, the second tranche of which is in respect of, in aggregate, 540 000 ordinary shares of the Company, with an expiry date of 30 June 2017, and which option has a put strike price of R18.14 and a call strike price of R23.22 referred to in this paragraph as the "Second 2015 collar tranche". On 30 June 2017, the Second 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 the put strike price of R18.14 resulting in a transaction value of R9 936 000. 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 Second 2015 collar tranche. Johannesburg 3 July 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG Securities Date: 03/07/2017 02:00:00 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.