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Mon 1 Aug 2005, 16:37 Iliad - Trading Statement
Iliad - Trading Statement                                                       
Iliad Africa Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/011938/06)                                            
Share code: ILA  ISIN: ZAE000015038                                             
(`Iliad`)                                                                       
TRADING STATEMENT                                                               
This trading statement is issued in compliance with the Listings Requirements   
(section 3.4(b)) of the JSE Limited (`the JSE Listings Requirements`).  In terms
of this paragraph, Iliad is required to publish a trading statement as soon as  
it is satisfied that a reasonable degree of certainty exists that the financial 
results for the period to be reported on next will differ by at least 20% from  
the most recent financial results for the previous corresponding period.        
Iliad and its directors are reasonably certain that earnings and headline       
earnings per share for the six months ended 30 June 2005 are expected to be     
between 15% and 35% higher than earnings and headline earnings per share for the
six months ended 30 June 2004.                                                  
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company`s auditors.                              
Shareholders should note that for the first time, in compliance with the JSE    
Listings Requirements, the financial results of Iliad will be prepared in       
accordance with International Financial Reporting Standards (`IFRS`).  The      
results for the six months ended 30 June 2005 are expected to be published on or
about 15 August 2005.                                                           
Johannesburg                                                                    
1 August 2005                                                                   
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 01/08/2005 04:32:47 PM                
Produced by the JSE SENS Department                                             
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