Posting of circular IFA Hotels and Resorts Limited Registration number 1919/001318/06 Share code: IFH ISIN: ZAE000075669 ("IFA" or "the Company) Posting of the circular IFA shareholders are referred to the detailed terms announcement published on SENS on 20 July 2012 regarding the Disposal by IFA Boschendal Investments (Pty) Limited (“IFA Boschendal”) in terms of which Canombys Limited will acquire, as one indivisible transaction, all of IFA Boschendal’s shares and claims in Boschendal (“the Disposal”). Shareholders are hereby advised that a circular containing all relevant information on the Disposal, including a notice of a general meeting (“the Circular”), will be distributed to shareholders today, 28 September 2012. Salient dates and times are as follows: 2012 Circular and Notice of General Meeting posted to Shareholders Friday, 28 September Last date to trade in order to be eligible to vote at the General Meeting Friday, 19 October Record date in order to be eligible to vote at the General Meeting Friday, 26 October Last day to lodge forms of proxy for the General Meeting (by 10:00)3 Friday, 2 November General Meeting (at 10:00) Tuesday, 6 November Results of General Meeting released on SENS Tuesday, 6 November Results of GeneralMeeting published in the Press Wednesday, 7 November Zimbali 28 September 2012 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Legal Advisor: Larson Falconer Incorporated Corporate Advisor: DEA-RU (Pty) Ltd Date: 28/09/2012 11:30:00 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.