Shareholder Letter

Atlas African Industries Limited / Ticker: AAI / Index: AIM and NSE / Sector: Support Services

21 October 2016

Atlas African Industries Limited ('Atlas' or the 'Company')

Shareholder Letter

Atlas African Industries Ltd (AIM, NSE: AAI) announces that, further to the announcement released on 17 October 2016 regarding the suspension of the Company's shares from trading on AIM pursuant to AIM Rule 1, the Board has sent a letter to shareholders which provides shareholders with further information regarding this position and next steps and its proposed development plans for Atlas.

A copy of this letter can be found on the Company's website at www.atlassupport.com.

This announcement contains inside information.

**ENDS**

For further information please visit www.atlassupport.com or contact: