Fulfilment of conditions precedent to formation of clover waters CLOVER INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Ordinary Share code: CLR ISIN: ZAE000152377 Preference Share Code: CLRP ISIN: ZAE000152385 (“the Company" or “Clover”) FULFILMENT OF CONDITIONS PRECEDENT TO FORMATION OF CLOVER WATERS Shareholders are referred to the announcement released on the Stock Exchange News Service on 1 March 2013, advising that Clover S.A. Proprietary Limited (“Clover SA”) and Nestlé South Africa had formed a new entity, Clover Waters (Pty) Ltd (“Clover Waters”) (“the transaction”). Shareholders are advised that all outstanding conditions precedent to the transaction have been fulfilled and that the effective date of the transaction will be 1 August 2013. Upon implementation of the transaction, Clover Waters will acquire Nestlé South Africa’s Doornkloof property in Gauteng, the bottled water manufacturing facility and its water rights. Moreover, Clover Waters will acquire the right, by way of license, to manufacture, distribute, market and sell bottled mineral water, under Nestlé’s Pure Life®, Valvita® and Schoonspruit® brands, as well as iced tea under the Nestea brand. These brands will complement Clover SA’s Aquartz bottled water and Manhattan iced tea brands which will also be manufactured, distributed, marketed and sold by Clover Waters. Johannesburg 24 May 2013 ENQUIRIES Clover Industries Limited +27(0)11 471 1702 Johann Vorster – Chief Executive Jacques van Heerden – Company Secretary College Hill +27(0)11 447 3030 Morné Reinders +27(0 82 815 1844 Frédéric Cornet +27(0)83 307 8286 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/05/2013 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.