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Tue 18 May 2010, 17:00 ILA - Iliad Africa Limited - Director`s dealing
ILA
ILA                                                                             
ILA - Iliad Africa Limited - Director`s dealing                                 
Iliad Africa Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/011938/06)                                            
Share code: ILA  ISIN: ZAE000015038                                             
("Iliad")                                                                       
DIRECTOR`S DEALING                                                              
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Limited, the following information is disclosed:                            
Director                      :         Mr Neil Goosen (Director of Iliad)      
Transaction date              :         14 May 2010                             
Nature of transaction:                  Purchase of European put options and    
                                       sale of European call options (option    
                                       collar) over Iliad ordinary shares       
Number of shares in                                                             
respect of which option                                                         
collar is entered into        :         360 000                                 
Put strike price              :         R8.55 per share                         
Call strike price             :         R11.46 per share                        
Expiration date               :         180 000 expire on 6 May 2013            
                                       180 000 expire on 20 May 2013            
Nature of interest            :         Indirect non beneficial                 
Clearance to deal obtained    :         Yes                                     
18 May 2010                                                                     
Johannesburg                                                                    
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 18/05/2010 17:00:22 Produced by the JSE SENS Department.                  
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