Resignation of Nominated Adviser

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

17 October 2016

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

Resignation of Nominated Adviser

Atlas African Industries Ltd (AIM, NSE: AAI), notifies that Stifel Nicolaus Europe Limited, the Company's AIM nominated adviser ("Nomad") and broker, has resigned with immediate effect.

Accordingly, pursuant to AIM Rule 1, the Company's shares will be suspended from trading on AIM at 7.30am today pending the appointment of a new Nomad. If a replacement Nomad is not appointed within one month of today's date, admission of the Company's shares to trading on AIM will be cancelled.

This announcement contains inside information.

**ENDS**

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