Dealing 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 : 1 October 2018 Class of securities : Clover ordinary shares Nature of transaction : Exercise of a put option in respect of an off-market collar hedge over 300 000 ordinary shares of the Company which expired on 28 September 2018 Strike price per share : R17.21 Value of put option : R 5 163 000 Nature of interest : Direct beneficial Clearance obtained : Yes Mr Vorster entered into a financing agreement with a financial institution in 2016 which consisted of a loan agreement securitised by a simultaneous collar hedge and equity lending transaction. Mr Vorster has no discretion as to when the financial institution exercises its put option nor any discretion to stop such put option exercised by the financial institution. Mr Vorster continues to hold circa 8 million ordinary shares in the Company in his own name. Johannesburg 2 October 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor Mercantec Capital Namibia Proprietary Limited Date: 02/10/2018 08:00:00 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.