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Fri 31 Jul 2015, 14:00 ILIAD AFRICA LIMITED - Independent Expert Appointment
ILA 201507310041A
Independent Expert Appointment

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

INDEPENDENT EXPERT APPOINTMENT

Shareholders are referred to the firm intention announcement as released on SENS on 23 July 2015
(‘Firm Intention Announcement”) and are accordingly notified that Ernst & Young Advisory Services (Pty)
Limited has been appointed by the Iliad Independent Board for the purposes of providing a Fair and
Reasonable opinion in terms of section 114(2) of the Companies Act (no.71 of 2008) in respect of the
terms as previously announced relating to the proposed scheme of arrangement (‘the Scheme”).

31 July 2015
Johannesburg
Sponsor and Corporate Advisor: Bridge Capital Advisors (Pty) Limited

Date: 31/07/2015 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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