Report on proceedings at the annual general meeting 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: ZAE000152377 (“Clover”) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING At Clover’s 7th (seventh) annual general meeting (“AGM”) of shareholders held yesterday, 28 November 2017, all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority of votes. The voting statistics from the AGM are as follows: Shares Shares voted abstained disclosed disclosed Votes carried as a as a disclosed as a percentage percentage percentage in in in relation to the relation relation total number of Number of to the to the shares voted at shares total total the meeting voted issued issued share share capital# capital# For Against Ordinary Resolutions Presentation of 1 Annual 98.04% 1.96% 166 421 342 87.21% 0.01% Financial Statements Re-election of 2 non-executive 83.61% 16.39% 166 122 851 87.05% 0.17% director: Mr WI Buchner 3 Re-election of non-executive 84.75% 15.25% 108 828 502 57.03% 30.19% director: Ms B Ngonyama 4 Re-appointment of External 87.82% 12.18% 166 423 090 87.21% 0.01% Auditors: EY Inc Election of Audit and Risk Committee 5 member: Dr SF 97.53% 2.47% 166 420 326 87.21% 0.01% Booysen Election of Audit and Risk 6 Committee 98.03% 1.97% 166 122 446 87.05% 0.17% member: Ms NV Mokhesi Election of Audit and Risk 7 Committee 95.96% 4.04% 108 827 996 57.03% 30.19% member: Ms B Ngonyama 8 Approval of the Clover Group 68.07% 31.93% 166 420 326 87.21% 0.01% Remuneration Policy Special Resolutions General 1 authority to repurchase shares 96.57% 3.43% 166 424 025 87.21% 0.01% Remuneration of 2 Non-executive 91.36% 8.64% 166 420 025 87.21% 0.01% directors # issued share capital is 190,835,364 shares Shareholders are further advised that due to Ordinary Resolution Number 8 relating to the non-binding advisory votes on the Remuneration Policy and the implementation of the Remuneration Policy being voted against by more than 25% of Clover shareholders present in person or represented by proxy at the AGM, an invitation will be extended to such dissenting shareholders to engage with the Company. The manner and timing of such engagement has not as yet been finalised and Clover will issue a further announcement shortly including such details. Johannesburg 29 November 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG SECURITIES Date: 29/11/2017 04:00:00 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.