Trading statement Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Share code: CLR ISIN No: ZAE000152377 NSX Ordinary Share code: CLN Bond Company Code: CLRI (“Clover” or “the Company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the financial results for the twelve months ended 30 June 2017 (“comparative period”). Accordingly, shareholders are advised that, for the twelve months ending 30 June 2018 (“current period”), a reasonable degree of certainty exists that: • Headline earnings per share (“HEPS”) for the current period is expected to be more than 20% (12.80 cents) higher than HEPS of 63.90 cents reported for the comparative period. • Further, earnings per share (“EPS”) for the current period is expected to be more than 20% (16.60 cents) higher than EPS of 83.10 cents reported for the comparative period. Shareholders are further advised that Clover does not currently have reasonable certainty to provide guidance as to either the specific percentage and numbers, or the range and numbers, to describe the difference in the financial results in such periods. Once Clover obtains reasonable certainty in this regard it will issue a further trading statement. The financial information on which this trading statement has been based has not been reviewed and reported on by Clover’s external auditors. The Company expects to release its annual financial results for the year ending 30 June 2018 on SENS on or about 12 September 2018. Johannesburg 28 June 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG SECURITIES Date: 28/06/2018 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.