Illovo Sugar Limited - Dealing in securities (pursuant to ABF offer)

     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)                              
     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:  D G MacLeod                                             
     Nature of transaction:             Exercise of options/Allotment of shares 
     1.   Number of securities bought:  90 600 ordinary shares                  
          Option strike date:           31 August 1998                          
Option strike price:          R4.35 per share                         
     2.   Number of securities bought:  98 000 ordinary shares                  
          Option strike date:           30 August 1999                          
          Option strike price:          R5.62 per share                         
3.   Number of securities bought:  154 300 ordinary shares                 
          Option strike date:           12 July 2000                            
          Option strike price:          R4.43 per share                         
     4.   Number of securities bought:  122 500 ordinary shares                 
Option strike date:           7 June 2001                             
          Option strike price:          R6.50 per share                         
     5.   Number of securities bought:  81 600 ordinary shares                  
          Option strike date:           21 May 2002                             
Option strike price:          R8.05 per share                         
     6.   Number of securities bought:  57 100 ordinary shares                  
          Option strike date:           21 May 2003                             
          Option strike price:          R6.80 per share                         
Total number of securities brought:604 100 ordinary shares                 
     Total Value:                       R3 469 829.00                           
     Date:                              1 September 2006                        
     Nature of interest:                Sale of shares                          
Number of securities sold:         451 082 ordinary shares                 
     Selling price:                     R17.7283 per share                      
     Value:                             R7 996 917.02                           
     Date:                              1/4 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 01:01:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department