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Mon 13 Dec 2010, 14:12 ILV - Illovo Sugar Limited - Dealing in securities
ILV
ILV                                                                             
ILV - Illovo Sugar Limited - Dealing in securities                              
ILLOVO SUGAR LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Company registration number 1906/000622/06                                      
Share Code: ILV                                                                 
ISIN: ZAE000083846                                                              
("Illovo")                                                                      
DEALING IN SECURITIES                                                           
In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
Limited, notice is hereby given of the following dealings by a director in      
Illovo`s securities:                                                            
Name of director:             G J Clark                                         
Nature of transaction:        Off-market exercise of                            
                             options/Allotment of shares                        
1.   Number of securities                                                       
bought:                  44 824 ordinary shares                             
    Option strike date:      21 May 2002                                        
    Option strike price:     R8.05 per share                                    
    Value:                   R360 833.20                                        
Date:                    9 December 2010                                    
2.   Number of securities                                                       
    bought:                  68 500 ordinary shares                             
    Option strike date:      21 May 2003                                        
Option strike price:     R6.80 per share                                    
    Value:                   R465 800.00                                        
    Date:                    9 December 2010                                    
3.   Number of securities                                                       
bought:                  46 000 ordinary shares                             
    Option strike date:      2 June 2004                                        
    Option strike price:     R7.70 per share                                    
    Value:                   R354 200.00                                        
Date:                    9 December 2010                                    
Nature of transaction:   On-market sale of shares                               
Number of securities sold:    159 324                                           
Selling price:                R27.00                                            
Value:                        R4 301 748                                        
Date:                         9 December 2010                                   
Nature of interest:           Direct beneficial                                 
Clearance to deal:            Obtained in advance in                            
Accordance with JSE Listings                       
                             Requirements - paragraph 3.66                      
Mount Edgecombe                                                                 
13 December 2010                                                                
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 13/12/2010 14:12:01 Produced by the JSE SENS Department.                  
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