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Fri 24 Feb 2006, 8:00 Iliad Africa Limited - Trading Statement
ILA
 ILA                                                                             
Iliad Africa Limited - Trading Statement                                        
ILIAD AFRICA LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/011938/06)                                            
Share code: ILA & ISIN: ZAE000015038                                            
("Iliad" or "the company")                                                      
TRADING STATEMENT                                                               
The directors are reasonably certain that earnings and headline earnings per    
share for the year ended 31 December 2005 are expected to be between 20% and 25%
higher than earnings and headline earnings per share for the year ended 31      
December 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 year ended 31 December 2005 are expected to be published on or  
about 6 March 2006.                                                             
Johannesburg                                                                    
24 February 2006                                                                
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 24/02/2006 08:00:02 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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