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Fri 24 Jun 2005, 17:15 Illovo Sugar Limited - Illovo Dealing In Securitie
Illovo Sugar Limited - Illovo Dealing In Securities                             
ILLOVO SUGAR LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Company registration number 1906/000622/06                                      
Share Code: ILV                                                                 
ISIN: ZAE000003547                                                              
DEALING IN SECURITIES                                                           
In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
Securities Exchange South Africa, notice is hereby given of the following       
dealing by a director of a major subsidiary company, Illovo Sugar (Malawi)      
Limited, in Illovo`s securities :                                               
Name of director of a major                                                     
subsidiary company:                     B M Stewardson                          
Nature of transaction:                  Exercise of options/Allotment of shares 
1.   Number of securities bought:       70 100 ordinary shares                  
Option strike date:                31 August 1998                          
     Option strike price:               R4.35 per share                         
2.   Number of securities bought:       45 000 ordinary shares                  
     Option strike date:                30 August 1999                          
Option strike price:               R5.62 per share                         
3.   Number of securities bought:       20 000 ordinary shares                  
     Option strike date:                13 September 2000                       
     Option strike price:               R5.20 per share                         
Total Value:                       R661 835.00                             
     Date:                              24 June 2005                            
Nature of transaction:                  Sale of shares                          
Number of securities sold:              135 100 ordinary shares                 
Selling price:                          R8.1976 per share                       
Value:                                  R1 107 495.76                           
Date:                                   24 June 2005                            
Nature of interest:                     Direct beneficial                       
Clearance to deal:                      Obtained in advance in accordance       
                                        with JSE Listings Requirements -        
                                        paragraph 3.66                          
Mount Edgecombe                                                                 
24 June 2005                                                                    
Sponsor :                                                                       
JP Morgan Equities Limited
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