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Fri 15 Oct 2004, 8:31 Director's Dealings
Iliad Africa Limited - Director`s Dealings                                      
Iliad Africa Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/011938/06)                                            
Share code: ILA ISIN: ZAE000015038                                              
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Securities Exchange South Africa, the following information is disclosed:   
Name of  Date of      Number Class of  Price   Nature of    Period   Extent of  
director transaction  of     security  per     the          of       director`s 
                      shares           share   transaction  exercise interest   
                                       (cents)                                  
Gregory  14 October   750    Ordinary  621     Put option   1 year   Direct     
Psillos  2004         000    shares            (no premium           beneficial 
                             of no             payable for                      
                             par               the option)                      
value                                              
Gregory  14 October   750    Ordinary  1056    Call option  1 year   Direct     
Psillos  2004         000    shares            (no premium           beneficial 
                             of no             payable for                      
par               the option)                      
                             value                                              
Gregory  14 October   750    Ordinary  621     Put option   18       Direct     
Psillos  2004         000    shares            (no premium  months   beneficial 
of no             payable for                      
                             par               the option)                      
                             value                                              
Gregory  14 October   750    Ordinary  1153    Call option  18       Direct     
Psillos  2004         000    shares            (no premium  months   beneficial 
                             of no             payable for                      
                             par               the option)                      
                             value                                              
Gregory  14 October   750    Ordinary  621     Put option   2 years  Direct     
Psillos  2004         000    shares            (no premium           beneficial 
                             of no             payable for                      
                             par               the option)                      
value                                              
Gregory  14 October   750    Ordinary  1153    Call option  2 years  Direct     
Psillos  2004         000    shares            (no premium           beneficial 
                             of no             payable for                      
par               the option)                      
                             value                                              
Clearance was given in terms of paragraph 3.66 of the JSE Listings Requirements.
Johannesburg                                                                    
15 October 2004                                                                 
Sponsor: Bridge Capital Services (Proprietary) Limited                          
Date: 15/10/2004 08:03:55 AM                    
Produced by the JSE SENS Department
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