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 8th (eighth) annual general meeting (“AGM”) of shareholders held yesterday, 26 November 2018, 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 as a as a percentage percentage Votes carried in in disclosed as a relation relation percentage in to the to the relation to the total total total number of Number of issued issued shares voted at shares share share the meeting voted capital# capital# For Against Ordinary Resolutions Presentation of Annual Financial 1 Statements 100.00% 0.00% 154 880 669 81.16% 0.35% Re-election of non-executive director: Dr 2 SF Booysen 64.14% 35.86% 155 315 474 81.39% 0.13% Re-election of non-executive director: Ms 3 NV Mokhesi 92.88% 7.12% 155 315 504 81.39% 0.13% Re-election of non-executive director Dr JW 4 Basson 92.88% 7.12% 155 315 479 81.39% 0.13% Re-election of non-executive director Mr 5 JFM Morgan 92.88% 7.12% 155 315 479 81.39% 0.13% Re-appointment of External Auditors: EY 6 Inc 81.51% 18.49% 138 306 413 72.47% 9.04% Election of Audit and Risk Committee member: Dr SF 7 Booysen 70.35% 29.65% 126 881 529 66.49% 15.03% Election of Audit and Risk Committee member: Ms NV 8 Mokhesi 100.00% 0.00% 155 315 504 81.39% 0.13% Election of Audit and Risk Committee member: Ms B 9 Ngonyama 99.13% 0.87% 155 315 504 81.39% 0.13% Approval of the Clover Group Remuneration 10 Policy 95.15% 4.85% 155 313 463 81.39% 0.13% Approval of the Clover Group Remuneration Implementation 11 Report 84.69% 15.31% 155 313 554 81.39% 0.13% Special Resolutions General authority to 1 repurchase shares 98.79% 1.21% 155 313 529 81.39% 0.13% Remuneration of Non- executive 2 directors 91.19% 8.81% 155 210 923 81.33% 0.18% Financial assistance in terms of section 45 of the Companies 3 Act 100.00% 0.00% 154 763 555 81.10% 0.42% # issued share capital is 190,835,364 shares. Johannesburg 27 November 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG SECURITIES Date: 27/11/2018 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.