Update on Clover annual financial results announcement 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: ZAE000152377 ("Clover" or "the Company") UPDATE ON CLOVER ANNUAL FINANCIAL RESULTS ANNOUNCEMENT Shareholders are referred to the Stock Exchange News Service ("SENS") announcement released on 10 May 2019 setting out the Company’s operational update and trading statement and advising shareholders that the Company expected to release its annual financial results for the year ended 30 June 2019 on SENS on or about 10 September 2019. Shareholders are further referred to the SENS announcement released on 23 August 2019, wherein they were advised of the extension of date for fulfilment or waiver, if applicable, of all outstanding conditions precedent to the Clover Scheme from 23 August 2019 to 20 September 2019, pending the decision of the Competition Tribunal. We confirm that the Competition Tribunal hearing is set down for 9 September 2019. Accordingly, shareholders are advised that Clover will not be releasing its financial results for the year ended 30 June 2019 on or about 10 September 2019. The release of the financial results, and the timing of any such release, will be determined once the decision of the Competition Tribunal has been made, with reference to both Clover’s obligations in terms of the Companies Act 71 of 2008 and, to the extent applicable, the Listings Requirements of the JSE Limited. Johannesburg 4 September 2019 Sponsor to Clover Rand Merchant Bank (A division of FirstRand Bank Limited) NSX Sponsor to Clover Merchantec Capital Namibia Date: 04/09/2019 09:00:00 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.