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CLOVER INDUSTRIES LIMITED - Correction Announcement Regarding The Redemption Of Preference Shares And Declaration Of Preference Dividend No. 38

Release Date: 16/05/2013 16:00
Code(s): CLR CLRP     PDF:  
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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

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