ILV
ILV
Illovo Sugar Limited - Cautionary Announcement
ILLOVO SUGAR LIMITED
(Incorporated in the Republic of South Africa)
Company registration number 1906/000622/06
Share Code: ILV & ISIN: ZAE000003547
("Illovo" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Illovo shareholders are referred to the announcement published on 14 February
2006 relating to a proposal to purchase a majority, but not all, of the shares
of the company. This proposal contemplates a cash offer.
Further, Illovo shareholders are advised that a proposal has been received from
a second potential offeror, which contemplates a sale of various sugar assets to
Illovo, the consideration for which will be discharged by way of an issue of
Illovo shares and which, in conjunction with a partial offer to Illovo
shareholders, will result in the offeror owning a majority but not all of the
shares of the company.
Illovo shareholders are advised that both these proposals have been received
from significant European sugar companies.
Accordingly, shareholders should continue to exercise caution when dealing in
the company"s shares until a further announcement is made.
Mount Edgecombe
10 March 2006
Investment bank
Standard Bank
Sponsor
J.P. Morgan Equities Limited
Date: 10/03/2006 11:00:02 AM Produced by the JSE SENS Department
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