Extension of date for fulfilment of outstanding conditions precedent to the Clover Scheme CLOVER INDUSTRIES LIMITED Incorporated in the Republic of South Africa (Registration number : 2003/030429/06) JSE Ordinary Share code: CLR NSX Ordinary Share code: CLN ISIN: ZAE000152377 ("Clover") EXTENSION OF DATE FOR FULFILMENT OF OUTSTANDING CONDITIONS PRECEDENT TO THE CLOVER SCHEME Shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) on 23 August 2019 in which they were advised of the extension of the date for fulfilment or waiver, if applicable, of all the outstanding Conditions Precedent, to 20 September 2019. The decision from the Competition Tribunal following the hearings has not yet been received although is expected soon. Accordingly, Milco SA and Clover have agreed to further extend the date for fulfilment or waiver, if applicable, of all the outstanding Conditions Precedent, from 20 September 2019 to 21 October 2019. As soon as Clover and Milco SA have certainty on the fulfilment of the remaining Clover Scheme Conditions Precedent, a joint finalisation announcement will be released on SENS, setting out the remaining salient dates and times pertaining to the implementation of the Clover Scheme. Johannesburg 20 September 2019 Sponsor to Clover Rand Merchant Bank (A division of FirstRand Bank Limited) NSX Sponsor to Clover Merchantec Capital Namibia Date: 20/09/2019 10:00:00 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.