Illovo Sugar Limited - Further Cautionary Announce
ILV
ILV
Illovo Sugar Limited - Further 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 previous cautionary announcements published
on 14 February 2006, 10 March 2006 and 15 March 2006, relating to two separate
proposals to purchase a majority, but not all, of the shares of the company.
Shareholders are now advised that discussions with Tereos, Union de Cooperatives
Agricoles ("Tereos") have been terminated as the parties were unable to agree a
number of material issues including the swap ratios for the transfer of Tereos"
sugar assets to Illovo.
Shareholders are further advised that the company is still in discussions with
Associated British Foods plc in relation to its proposal, which may result in a
partial offer for Illovo. A further announcement in this regard is expected to
be made soon.
Accordingly, Illovo shareholders are advised to continue to exercise caution
when dealing in the company"s shares until the further announcement is made.
Mount Edgecombe
26 April 2006
Sponsor
J.P.Morgan Equities Limited
Date: 26/04/2006 12:30:16 PM Produced by the JSE SENS Department
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