Results of Annual General meeting Iliad Africa Limited (Incorporated in the Republic of South Africa) (Registration number 1997/011938/06) Share code: ILA ISIN: ZAE000015038 ("Iliad" or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Iliad ordinary shareholders are advised that at the annual general meeting (“AGM”) of shareholders held on Thursday 21, May 2015, all the ordinary and special resolutions as set out in the notice of AGM, were approved by the requisite majority of shareholders present or represented by proxy. The number of ordinary Iliad shares voted in person or by proxy was 113 138 450 representing 81.86% of the total ordinary issued share capital of the same class of Iliad shares. All resolutions proposed at the AGM, together with the percentage of shares abstained (as a percentage of total issued share capital of the Company), Shares voted (as a percentage of total issued share capital of the Company) as well as the percentage of votes carried for and against each resolution (as a percentage of shares voted), are as follows: Ordinary resolution number 1 – To receive and adopt the Annual Financial Statements of the Company and the Group for the year ended 31 December 2014 FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 2 – Re-appointment of Mr. T Njikizana FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 3 – Re-appointment of Mr. E Beneke FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 4 – Approval of Directors remuneration FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 5 – Re-appointment of Deloitte & Touche as auditors, and Mr J.M. Bierman as the designated auditor FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 6.1 – Appointment of the members of the Audit Committee for 2015: Mr. RT Ririe FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 6.2 – Appointment of the members of the Audit Committee for 2015: Mr T. Njikizana FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 6.3 – Appointment of the members of the Audit Committee for 2015: Ms. A Kalyan FOR AGAINST ABSTAIN SHARES VOTED 100% - - 81.86% Ordinary resolution number 7 – Approval of the Group Remuneration Policy FOR AGAINST ABSTAIN SHARES VOTED 99.19% 0.81% - 81.86% Special resolution number 1 – General authority for the acquisition of shares issued by the Company FOR AGAINST ABSTAIN SHARES VOTED 99.99% 0.01% - 81.86% Special resolution number 2 – Approval the remuneration payable to Non-executive Directors for 2015 FOR AGAINST ABSTAIN SHARES VOTED 98.47% 1.53% 0.97% 81.86% 22 May 2015 Johannesburg Sponsor: Bridge Capital Advisors (Pty) Limited Date: 22/05/2015 03:00:00 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.