ILLOVO - RESULTS OF THE ODD-LOT OFFER

ILLOVO SUGAR LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1906/000622/06)
("ILLOVO" OR "THE COMPANY")
RESULTS OF THE ODD-LOT OFFER
CLOSING OF THE ODD-LOT OFFER

THE ODD-LOT OFFER TO ILLOVO SHAREHOLDERS CLOSED ON FRIDAY, 14 JULY 2000.  THE
ODD-LOT OFFER WAS MADE TO THOSE ILLOVO SHAREHOLDERS HOLDING, IN AGGREGATE,
FEWER THAN 100 SHARES ("ODD-LOT HOLDERS"). THE ORDINARY AND SPECIAL RESOLUTIONS
REQUIRED TO IMPLEMENT THE ODD-LOT OFFER WERE PASSED AT THE ANNUAL GENERAL
MEETING HELD ON WEDNESDAY, 12 JULY 2000.
RESULTS OF THE ODD-LOT OFFER
THE RESULTS OF THE ODD-LOT OFFER ARE AS FOLLOWS:

-  369 ODD-LOT HOLDERS ELECTED TO SELL THEIR ODD-LOT HOLDINGS AT A PRICE OF 544
CENTS PER SHARE, WHICH CONSTITUTES THE OFFER PRICE OF 518 CENTS PER SHARE PLUS
A 5% PREMIUM;

-  113 ODD-LOT HOLDERS ELECTED TO PURCHASE SUFFICIENT SHARES TO INCREASE THEIR
SHAREHOLDINGS TO 100 SHARES AT THE OFFER PRICE OF 518 CENTS PER SHARE; AND
-  3 295 ODD-LOT HOLDERS DID NOT RESPOND TO THE ODD-LOT OFFER.

AS A RESULT OF THE ODD-LOT OFFER, THE COMPANY HAS PURCHASED 54 041 SHARES FROM
ODD-LOT HOLDERS.
ILLOVO SHAREHOLDERS ARE REMINDED THAT:

CHEQUES FOR THOSE ODD-LOT HOLDERS WHO ELECTED TO SELL THEIR ODD-LOT HOLDINGS
AND SHARE CERTIFICATES FOR THOSE ODD-LOT HOLDERS WHO ELECTED TO PURCHASE
ADDITIONAL SHARES, WILL BE POSTED TO THE SHAREHOLDERS CONCERNED TODAY, PROVIDED
THAT THE FORMER HAVE SURRENDERED THEIR SHARE CERTIFICATES OR OTHER DOCUMENTS OF
TITLE TO ILLOVO'S TRANSFER SECRETARIES BEFORE 14:30 ON FRIDAY, 14 JULY 2000.
MOUNT EDGECOMBE
17 JULY 2000
FINANCIAL ADVISER
ING BARINGS
SPONSORING BROKER
ING BARINGS SOUTHERN AFRICA LIMITED
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
(REGISTRATION NUMBER 1994/004352/06)