Changes to the executive committee Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Ordinary Share code: CLR ISIN No: ZAE000152377 NSX Ordinary Share code: CLN (“Clover” or “the Company”) CHANGES TO THE EXECUTIVE COMMITTEE Shareholders are informed that Mr Drikus Lubbe the Company’s Executive: Supply Chain, has resigned with effect from 1 November 2018 to take up the position of Chief Executive Officer of Dairy Farmers of South Africa (“DFSA”). Mr Lubbe was one of 6 members on the executive committee of Clover. As Executive: Supply Chain, Mr Lubbe was responsible for manufacturing, supply chain planning, and distribution. Mr Lubbe’s deep knowledge of both Clover's supply chain and the DFSA’s business model makes him the ideal candidate to make a success and develop this important business partner and stakeholder of Clover even further. Mr Johann Vorster, CEO of Clover commented: “We are sorry to see Drikus leave Clover however we wish him well in his new role and thank him for his valuable contribution to the business. This is a fantastic career opportunity for him and he is well-suited to lead DFSA. Given the close relationship between Clover and DFSA, we will continue to support him to make a success of this transition.” Mr Lubbe’s position will not be filled at this point in time. Instead, Mr Marcelo Palmeiro, Executive: Corporate and Brand Development will assume responsibility for Manufacturing and Mr Jacques van Heerden, Executive Legal, Secretarial, and Human Resources will assume responsibility for Supply Chain Planning and Distribution. Until this position is filled, or restructured, some of their current responsibilities will be rebalanced across other executive committee members to ensure an equitable workload. Johannesburg 26 October 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) NSX Sponsor Mercantec Capital Namibia Proprietary Limited Date: 26/10/2018 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.