CLR 201810190021A
Cautionary announcement

Clover Industries Limited
(Incorporated in the Republic of South Africa)
Registration number: 2003/030429/06
Ordinary Share Code: CLR
ISIN No: ZAE000152371
NSX Ordinary Share code: CLN
("the Company")

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the Company has entered into negotiations with a 3rd party
regarding the potential acquisition by the relevant 3rd party of the entire issued share
capital of the Company.

Shareholders are advised to exercise caution when dealing in the Company's securities
until a full or further announcement in this regard is made.

Johannesburg
19 October 2018

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

NSX Sponsor
Merchantec Capital Namibia Proprietary Limited

Attorneys
Werksmans Inc.




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