ILV
ILV
ILV - Illovo Sugar Limited - Company Announcement
ILLOVO SUGAR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1906/000622/06)
Share Code: ILV
ISIN: ZAE000083846
("Illovo" or "the company")
Company Announcement
UMFOLOZI SUGAR MILL
Shareholders are referred to the SENS announcements dated 11 February 2005 and
29 March 2005, in which they were advised of the sale of the Umfolozi sugar mill
to Umvoti Transport (Proprietary) Limited.
Unfortunately, due to non-fulfilment of certain key considerations of the sale
agreement by the purchaser, it has become necessary for Illovo to take-back
possession of the sugar mill.
Consequently, Illovo will be responsible for operating the mill in the
forthcoming sugar season, but has entered into discussions regarding future,
long-term ownership arrangements.
The effect of the repossession of the mill on Illovo`s net assets and non-
tangible assets per share, and its headline earnings and earnings per share, is
not significant.
Mount Edgecombe
17 April 2008
Sponsor
J P Morgan Equities Limited
Date: 17/04/2008 10:35:01 Produced by the JSE SENS Department.
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