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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 of a major subsidiary
company, Zambia Sugar Plc, in Illovo"s securities :
Name of director of a
major subsidiary company: R M L Katowa
Nature of transaction: Exercise of options/Allotment of
shares (pursuant to the ABF offer)
1. Number of securities bought: 10 200 ordinary shares
Option strike date: 7 June 2001
Option strike price: R6.50 per share
2. Number of securities bought: 7 700 ordinary shares
Option strike date: 21 May 2002
Option strike price: R8.05 per share
3. Number of securities bought: 12 900 ordinary shares
Option strike date: 21 May 2003
Option strike price: R6.80 per share
4. Number of securities bought: 7 700 ordinary shares
Option strike date: 2 June 2004
Option strike price: R7.70 per share
Total number of securities brought: 38 500 ordinary shares
Total Value: R275 295.00
Date: 4 September 2006
Nature of interest: Sale of shares (pursuant to the ABF
offer)
Number of securities sold: 38 500 ordinary shares
Selling price: R21.00 per share
Value: R808 500.00
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 12:58:10 PM Produced by the JSE SENS Department
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