ILLOVO SUGAR LIMITED - Voluntary trading statement for the year ended 31 March 2015

Voluntary trading statement for the year ended 31 March 2015

ILLOVO SUGAR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1906/000622/06)
Share Code: ILV
ISIN: ZAE000083846
(“Illovo”) or (“the Company”)

Voluntary trading statement for the year ended 31 March 2015

Shareholders are advised that a reasonable degree of certainty
exists that Illovo’s earnings per share (“eps”) and headline
earnings per share (“heps”) for the year ended 31 March 2015 will
reflect a decrease of between 7% and 12% compared to the period
ended 31 March 2014 as set out below, due mainly to challenging
trading conditions in the EU, world and regional markets (as
reported in our 2014 Interim Report) as well as the impact of the
drought and frost on sugar production in South Africa.

                  31 March 2014 Expected 31 March 2015 (cents)
                  Actual (cents)
Range                            7% down          12% down
EPS               199.0          185.1            175.1
HEPS              194.0          180.4            170.7

Currently these trading conditions are expected to become more
difficult during the 2015/16 financial year, with revenue being
further negatively impacted by the recent sharp weakening of the
Euro, the full year effect of low EU prices and persistent low world
market prices driven by a weakening Brazilian Real. South African
sugar production is expected to decline due to the full impact of
the previous season’s drought and frost conditions on the 2015/16
crop. However, increased growth in domestic and regional sugar
markets and the weaker Rand are anticipated to partially provide
some relief from these challenging conditions.

The Company continues to make strategic investments, which            are
underpinned by a strong balance sheet and good cash generation.

The financial information in this trading statement has not been
reviewed and reported on by the Company’s auditors.

The Company’s results for the year     ended   31 March 2015   will   be
published on or about 25 May 2015.



D G MacLeod
Chairman

Mount Edgecombe
15 April 2015

Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

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