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) JSE Ordinary Share code: CLR NSX Ordinary Share code: CLN ISIN NO: ZAE000152377 (“Clover”) DEALING IN SECURITIES BY AN EXECUTIVE DIRECTOR OF THE COMPANY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Johann Hendrik Vorster Date of transaction : 29 September 2017 Class of securities : European Options over Clover ordinary shares Nature of transaction : Off-market collar hedge over 350 000 ordinary shares of the Company with a put strike price of R13.35 and a call strike price of R14.69 and expiry on 27 September 2019 Initial price per share : R13.35 Notional put value on expiry : R4 672 500 Notional call value on expiry : R5 141 500 Nature of interest : Direct beneficial Clearance obtained : Yes Director : Johann Hendrik Vorster Date of transaction : 29 September 2017 Class of securities : European Options over Clover ordinary shares Nature of transaction : Off-market collar hedge over 350 000 ordinary shares of the Company with a put strike price of R13.35 and a call strike price of R14.69 and expiry on 13 December 2019 Initial price per share : R13.35 Notional put value on expiry : R4 672 500 Notional call value on expiry : R5 151 500 Nature of interest : Direct beneficial Clearance obtained : Yes Mr Vorster entered into a financing agreement with a financial institution which consists of a loan agreement securitised by a simultaneous collar hedge and equity lending transaction. Johannesburg 2 October 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG Securities Date: 02/10/2017 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.