Correction Announcement Regarding The Redemption Of Preference Shares And Declaration Of Preference Dividend No. 38 Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number: 2003/030429/06) Income tax number: 9657/002/71/4 Ordinary Share code: CLR ISIN No: ZAE000152377 Preference Share code: CLRP ISIN No: ZAE000152385 (“Clover” or “the Company”) CORRECTION ANNOUNCEMENT REGARDING THE REDEMPTION OF PREFERENCE SHARES AND DECLARATION OF PREFERENCE DIVIDEND NO. 38 Shareholders referred to the announcement released on the Stock Exchange News Service on Monday, 13 May 2013 (“the announcement”) regarding the Company’s obligation in terms of its Memorandum of Incorporation (“MOI”) to redeem all of the 89 442 022 Preference Shares in issue and listed on the main board of the exchange operated by the JSE Limited on 3 June 2013 by way of a cash payment in accordance with the provisions of the MOI (“Redemption”). Shareholders are advised that the announcement erroneously stated, under the heading Dividend Declaration, that “The Preference Dividend has been declared from income reserves and STC credits have been, or will be, used in paying the Preference Dividend.” In fact, the statement ought to have read that “The preference dividend has been declared from income reserves and no secondary tax on companies' credits have been used in paying the Preference Dividend.” Johannesburg 15 May 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Legal advisors Werksmans Incorporated Date: 16/05/2013 04:00:00 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.