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 : 2 October 2019 Class of securities : Clover ordinary shares Nature of transaction : Exercise of a call option in respect of an off-market collar hedge over 350 000 ordinary shares of the Company which expired on 28 September 2019 Strike price per share : R14.69 Value of call option : R 5 141 500 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. The financial institution elected to exercise the call option. Mr Vorster has no discretion as to when the financial institution exercises its call option nor any discretion to stop such call option exercised by the financial institution. Mr Vorster continues to hold circa 8 million ordinary shares in the Company in his own name. Johannesburg 4 October 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor Mercantec Capital Namibia Proprietary Limited Date: 04/10/2019 04:30:00 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.