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Wed 21 Sep 2011, 10:01 CLR/CLRP - Clover Industries Limited - Dealings in share appreciation rights
CLR   CLRP
CLR                                                                             
CLR/CLRP - Clover Industries Limited - Dealings in share appreciation rights    
("SARs") by executive directors and other executives                            
Clover Industries Limited                                                       
Incorporated in the Republic of South Africa                                    
(Registration No. 2003/030429/06                                                
Ordinary Share code: CLR ISIN N0: ZAE000152377                                  
Preference Share code: CLRP ISIN No: ZAE000152385                               
("CIL" or "the Company")                                                        
DEALINGS IN SHARE APPRECIATION RIGHTS ("SARs") BY EXECUTIVE DIRECTORS AND       
OTHER EXECUTIVES                                                                
Director                           :  H B Roode                                 
Company                            :  Clover Industries Limited                 
Date of transaction                :  20 September 2011                         
Nature of transaction              :  Exercise of share appreciation            
                                     rights("SARs") which are subsequently      
cash settled in accordance with the        
                                     Restated Clover Share Appreciation         
                                     Rights Plan                                
Number of SARs exercised           :  133 333                                   
Allocation price                   :  Rnil                                      
SAR strike price                   :  R11-01 cents                              
                                                                                
Total value of transaction         :  R1 467 996-33                             
Nature of interest                 :  Direct beneficial                         
Clearance obtained                 :  Yes                                       
Transaction completed              :  Off market                                
Director                           :  C P Lerm                                  
Company                            :  Clover Industries Limited                 
Date of transaction                :  20 September 2011                         
Nature of transaction              :  Exercise of share appreciation            
                                     rights("SARs") which are subsequently      
cash settled in accordance with the        
                                     Restated Clover Share Appreciation         
                                     Rights Plan                                
Number of SARs exercised           :  44 445                                    
Allocation price                   :  Rnil                                      
SAR strike price                   :  R11-01 cents                              
                                                                                
Total value of transaction         :  R489 339-45                               
Nature of interest                 :  Direct beneficial                         
Clearance obtained                 :  Yes                                       
Transaction completed              :  Off market                                
Executive                          :  H Lubbe                                   
Company                            :  Clover Industries Limited                 
Date of transaction                :  20 September 2011                         
Nature of transaction              :  Exercise of share appreciation            
                                     rights("SARs") which are subsequently      
cash settled in accordance with the        
                                     Restated Clover Share Appreciation         
                                     Rights Plan                                
Number of SARs exercised           :  44 444                                    
Allocation price                   :  Rnil                                      
SAR strike price                   :  R11-01 cents                              
                                                                                
Total value of transaction         :  R489 328-44                               
Nature of interest                 :  Direct beneficial                         
Clearance obtained                 :  Yes                                       
Transaction completed              :  Off market                                
Johannesburg                                                                    
21 September 2011                                                               
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 21/09/2011 10:01:01 Produced by the JSE SENS Department.                  
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