Dealings 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 and/ or Company”) 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 : 3 April 2018 Class of securities : European Options over Clover ordinary shares Nature of transaction : Exercise of put option in respect of an off-market collar hedge over 540 000 ordinary shares of the Company Strike price per share : R18.14 Value of put option : R 9 795 600 Nature of interest : Direct beneficial Clearance obtained : Yes Mr Vorster entered into a financing agreement with a financial institution in 2015 which consisted of a loan agreement securitised by a simultaneous collar hedge and equity lending transaction. Johann Vorster continues to hold circa 8 million ordinary shares in the Company in his own name. Johannesburg 5 April 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG Securities Date: 05/04/2018 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.
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