ILIAD AFRICA LIMITED - Cautionary Announcement

Cautionary Announcement

Iliad Africa Limited
Incorporated in the Republic of South Africa
(Registration number 1997/011938/06)
Share Code: ILA ISIN: ZAE000015038
(“Iliad” or “the Company”)


CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the Company has entered into negotiations, which if successfully concluded
may have a material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a
further announcement is made.

Johannesburg
20 July 2015
Sponsor: Bridge Capital Advisors (Pty) Limited

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