Dealing by Director of a Major Subsidiary Iliad Africa Limited (Incorporated in the Republic of South Africa) (Registration number 1997/011938/06) Share code: ILA ISIN: ZAE000015038 ("Iliad") DEALING BY DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Director of a major subsidiary: GMJ Du Preez Date of transaction: 11 June 2014 Price per share: 715 cents Number of shares: 50 000 Total value: R357 500.00 Class of securities: Ordinary shares Nature of transaction: Sale (on market transaction) Clearance was given Director of a major subsidiary: GMJ Du Preez Date of transaction: 12 June 2014 Price per share: 715 cents Number of shares: 60 000 Total value: R429 000.00 Class of securities: Ordinary shares Nature of transaction: Sale (on market transaction) Extent of interest: Direct and beneficial Clearance was given Director of a major subsidiary: GMJ Du Preez Date of transaction: 12 June 2014 Price per share: 718 cents Number of shares: 3 090 Total value: R22 186.20 Class of securities: Ordinary shares Nature of transaction: Sale (on market transaction) Extent of interest: Direct and beneficial Clearance was given Director of a major subsidiary: GMJ Du Preez Date of transaction: 13 June 2014 Price per share: 715 cents Number of shares: 10 910 Total value: R78 006.50 Class of securities: Ordinary shares Nature of transaction: Sale (on market transaction) Extent of interest: Direct and beneficial Clearance was given Johannesburg 13 June 2014 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 13/06/2014 12:30:00 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.