Trading Statement Iliad Africa Limited (Incorporated in the Republic of South Africa) (Registration number 1997/011938/06) Share code: ILA & ISIN: ZAE000015038 ("Iliad" or "the Company") TRADING STATEMENT In accordance with paragraph 3.4(b) of the listings requirements of the JSE Limited, shareholders are advised that Iliad’s results for the year ended 31 December 2013 will reflect earnings per share (EPS) and headline earnings per share (HEPS) as follows: Reporting Period EPS HEPS 2013 2012 % change 2013 2012 % change Earnings Earnings Earnings Earnings (loss) Cents per Cents per Cents per Cents per share share share share 1st Half (39.0) 20.1 (294) 0.4 20.0 (98) 2nd Half (range) 34.2 – 35.0 4.2 714 - 733 38.1 – 40.3 26.3 45 - 53 Full year (range) (4.0 – 4.8) 24.3 (116 - 120) 38.5 – 40.7 46.3 (12 - 17) As anticipated at the interim results release, the second half financial performance reflects the benefits of the portfolio adjustments (including the disposal of the Timber Wholesale, Ceramics and Ceramics Cash & Carry businesses) implemented during the 2013 year. The financial information on which this trading statement is based, has not been reviewed by the company’s auditors. The company’s results will be released on or about 11 March 2014. 13 February 2014 Johannesburg Sponsor: Bridge Capital Advisors (Pty) Limited Date: 13/02/2014 01:48:00 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.