CLOVER INDUSTRIES LIMITED - Appointment of independent non-executive directors

Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
Ordinary Share code: CLR
NSX Ordinary Share code: CLN
ISIN No: ZAE000152377
('Clover')

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS


In accordance with paragraph 3.59 of the Listings Requirements of

the JSE Limited, shareholders are advised that Messrs James

Wellwood (Whitey) Basson and Morgan Flemming have been appointed

as Independent Non-Executive Directors to the Clover Board of

Directors ('the Board'), with effect from 1 January 2018.

Mr James Wellwood (Whitey) Basson


Mr Basson holds a BCom CTA from the University of Stellenbosch and

received an honourable doctor degree in Commerce (DComm) honoris

causa from the Chancellor of Stellenbosch University. In 1970, he

qualified as Chartered Accountant after serving his articles with

Ernst & Young Chartered Accountants, at the time known as ER
Syfret & Co.


Mr Basson has 45 years' experience in retail, having built the

Shoprite Group from a small 8-store business to the largest retail

chain in Africa, currently with a market capitalization in excess

of c. R135Bn. His vast experience in the retail sector will bring
invaluable knowledge to the Board.

Mr Morgan Flemming


Mr Flemming holds a M.A. (Hons) Degree from the University of

Edinburgh. He was previously a member of the Groupe Danone

Executive Committee and CEO of Nutricia, Danone's Medical

Nutrition Division. Mr Flemming has a wealth of experience in the

fast-moving consumer goods (FMCG) sector having held various

senior positions at British American Tobacco, the Coca-Cola
Company and Groupe Danone.

Chairman, Mr Werner Buchner commented:


'On behalf of the Board, I welcome Mr Basson and Mr Flemming to

the Board and look forward to them bringing fresh strategic

insights to our Board. I wish them well in executing their new
responsibilities at Clover.'


Johannesburg
8 December 2017

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

NSX Sponsor
IJG SECURITIES


Date: 08/12/2017 12:00:00 Supplied by www.sharenet.co.za                     
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