Dealings in securities by a director of a major subsidiary 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") DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Hendrikus Lubbe Company : Clover Industries Limited Date of transaction : 14 June 2018 Nature of transaction : Exercise of SARs which are subsequently cash settled in accordance with the Restated Clover Share Appreciation Rights Plan Class of securities : SARs in respect of ordinary shares Number of SARs exercised : 57 778 Allocation price : R11.00 SAR strike price : R16.90 Total value of transaction : R340 890.20 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market The SARs relate to the 3rd Allocation SARs issued to Mr Lubbe in terms of the Restated Clover Share Appreciation Rights Plan which will, if not exercised in time, expire on 30 June 2018. Johannesburg 18 June 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor IJG Securities Date: 18/06/2018 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.
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