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ILV
ILV
Illovo Sugar Limited - Dealing in securities (Pursuant to ABF Offer)
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 (Pursuant To ABF Offer)
Pursuant to the scheme of arrangement proposed by ABF Overseas Limited
("ABF") between Illovo and its shareholders, whereby ABF was to acquire 51%
of the fully diluted issued ordinary share capital of Illovo ("the ABF
offer"), becoming operative on 4 September 2006, and the ABF offer having
been extended to all participants in the Illovo Sugar 1992 Share Option
Scheme, and 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 : B M Stuart
Nature of transaction : Exercise of options/Allotment
of shares(pursuant to the ABF
offer)
1. Number of securities bought : 56 100 ordinary shares
Option strike date : 31 August 1998
Option strike price : R4.35 per share
2. Number of securities bought : 43 400 ordinary shares
Option strike date : 30 August 1999
Option strike price : R5.62 per share
3. Number of securities bought : 40 800 ordinary shares
Option strike date : 12 July 2000
Option strike price : R4.43 per share
4. Number of securities bought : 45 900 ordinary shares
Option strike date : 7 June 2001
Option strike price : R6.50 per share
5. Number of securities bought : 56 200 ordinary shares
Option strike date : 21 May 2002
Option strike price : R8.05 per share
6. Number of securities bought : 71 500 ordinary shares
Option strike date : 21 May 2003
Option strike price : R6.80 per share
7. Number of securities bought : 48 000 ordinary shares
Option strike date : 2 June 2004
Option strike price : R7.70 per share
Total number of securities brought : 361 900 ordinary shares
Total Value : R2 275 247.00
Date : 4 September 2006
Nature of interest : Sale of shares (pursuant to
the ABF offer)
Number of securities sold : 427 392 ordinary shares
Selling price : R21.00 per share
Value : R8 975 232.00
Date : 4 September 2006
Nature of interest : Direct beneficial
Clearance to deal : Obtained in advance in
Accordance with JSE Listings
Requirements - paragraph 3.66
Mount Edgecombe
4 September 2006
Sponsor: J.P.Morgan Equities Limited
Date: 04/09/2006 12:55:24 PM Produced by the JSE SENS Department
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