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Mon 31 Dec 2012, 12:45 CLOVER INDUSTRIES LIMITED - Dealings In Share Appreciation Rights (Sars) By An Executive Director
CLRP CLR 201212310013A
Dealings In Share Appreciation Rights (“Sars”) By An Executive Director

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
(“Clover”)

DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) BY AN EXECUTIVE
DIRECTOR

Director                      :   J H Vorster
Company                       :   Clover Industries Limited
Date of transaction           :   31 December 2012
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      :   533 333
Allocation price              :   R nil
SAR strike price              :   R15.9329
Total value of transaction    :   R8 497 541.36
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market


Johannesburg
31 December 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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