IFH
IFH                                                                             
IFH - IFA Hotels & Resorts Limited - Renewal of Cautionary Announcement         
IFA HOTELS & RESORTS LIMITED                                                    
Registration number 1919/001318/06                                              
Share code: IFH                                                                 
ISIN: ZAE000075669                                                              
("IFA" or "the Company")                                                        
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Shareholders are referred to previous cautionary announcements, the last of     
which was published on 8 March 2012 and are advised that the negotiations       
referred to therein are ongoing and may or may not result in a potential        
corporate action that may have a material effect on the price of the Company`s  
securities.                                                                     
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the Company`s securities, until a further detailed announcement is   
made.                                                                           
Zimbali                                                                         
17 May 2012                                                                     
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)                     
Date: 17/05/2012 17:37:01 Produced by the JSE SENS Department.                  
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