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Fri 18 Feb 2005, 18:02 Iliad Africa Limited - Trading Update
Iliad Africa Limited - Trading Update                                           
ILIAD AFRICA LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/011938/06)                                            
Share code: ILA                                                                 
ISIN: ZAE000015038                                                              
(`Iliad`)                                                                       
TRADING UPDATE                                                                  
Shareholders are advised that Iliad`s headline earnings per share and earnings  
per share for the year ended 31 December 2004 are expected to be between 20% and
30% higher than the headline earnings per share and earnings per share for the  
year ended 31 December 2003.                                                    
The financial results for the year ended 31 December 2004 have not been reported
on by Iliad`s auditors.  The financial results for the year ended 31 December   
2004 are expected to be published on or about 8 March 2005 and shareholders are 
accordingly advised to exercise caution when dealing in their shares until      
publication of the financial results.                                           
Johannesburg                                                                    
18 February 2005                                                                
Sponsor:                                                                        
Bridge Capital Services (Pty) Limited
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