CLOVER INDUSTRIES LIMITED - Correction announcement: Allocation and acceptance of Share Appreciation Rights (SARs") by an executive director

Correction announcement: Allocation and acceptance of Share Appreciation Rights (“SARs") by an executive director

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: ZAE000152377

CORRECTION ANNOUNCEMENT: ALLOCATION AND ACCEPTANCE OF SHARE
APPRECIATION RIGHTS (“SARs”) BY AN EXECUTIVE DIRECTOR

Further to the announcement released on SENS on Monday, 3 July
2017 at 12h00, shareholders are advised that the number of SARs
allocated and accepted by Mr ER Bosch is 510 541 and not 426 302,
full details below.

In accordance with the approved Restated Clover Share Appreciation
Rights Plan (2010), the following annual (top-up) SARs were
allocated to, and accepted by Mr ER Bosch:

Executive director: Mr ER Bosch
Total number of SARs allocated and accepted: 510 541
Allocation price: R 16-75
Acceptance date: 30 June 2017
Deemed value of transaction: R8 551 561-75
Nature of interest: Direct beneficial
Transaction completed off market
Clearance to deal: Yes


Johannesburg
4 July 2017

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

NSX Sponsor
IJG Securities

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