Illovo Sugar Limited - Dealing In Shares By A Director

Illovo Sugar Limited - Dealing In Shares By A Director                          
ILLOVO SUGAR LIMITED                                                            
"Illovo"                                                                        
(Reg. No. 1906/000622/06)                                                       
(Incorporated in the Republic of South Africa)                                  
Share Code: ILV    ISIN Code : ZAE000003547                                     
In compliance with Rule 3.63 - 3.74 of the JSE Listings Requirements, the       
following information is disclosed wherein a director of a major subsidiary     
company, namely The Sugar Corporation of Malawi Limited has exercised options   
granted to him in June 1994, in terms of the Illovo Sugar 1992 Share Option     
Scheme:                                                                         
Name of Director         :  Mr B M Stewardson                                   
Transaction Date         :  23 January 2004                                     
Nature of transaction    :  Allotment of shares                                 
Number of Shares         :  8 000                                               
Class of security        :  Ordinary Shares of 4 cents each                     
Transaction Price        :  450 cents                                           
Extent of Interest       :  Direct beneficial                                   
In terms of Section 3.66 of the JSE Listings Requirements prior clearance to    
deal in the above securities has been obtained from the Managing Director, duly 
authorised by the Board of Illovo in this regard.                               
Durban                                                                          
23 January 2004                                                                 
Sponsor                                                                         
Cazenove South Africa (Pty) Ltd                                                 
Date: 23/01/2004 05:55:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department