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IFH - IFA Hotels & Resorts Limited - Renewal of Cautionary Announcement IFA Hotels & Resorts Limited Registration number 1919/001318/06 Share code: IFH ISIN: ZAE000075669 ("IFA" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the cautionary announcements dated 25 July 2011, 3 August 2011 and 16 September 2011 relating to the possible sale of all shares and claims in Boschendal (Pty) Limited ("Boschendal") by IFA Boschendal Investments (Pty) Limited, a 100% owned subsidiary of IFA and a 37.33% shareholder in Boschendal, shareholders are hereby advised that negotiations are still in progress which, if successfully concluded may have a material effect on the price of the company`s securities. Shareholders are further advised that the Company has initiated a process to introduce potential investors into the business. This matter is at a preliminary stage and may or may not result in a potential corporate action that may have a material effect on the price of the Company`s securities. More detail regarding this matter will be released as soon as it is possible. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company`s securities, until a further announcement is made. Zimbali 28 October 2011 Sponsor: QuestCo Sponsors (Pty) Limited Date: 28/10/2011 16:35:01 Supplied by www.sharenet.co.za 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.
