ILLOVO SUGAR LIMITED - SALE OF GLEDHOW SUGAR MILL, REFINERY AND CANE GROWING

ILLOVO SUGAR LIMITED - SALE OF GLEDHOW SUGAR MILL, REFINERY AND CANE GROWING    
ESTATES TO A BEE COMPANY                                                        
ILLOVO SUGAR LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Company registration number 1906/000622/06                                      
Share Code: ILV                                                                 
ISIN: ZAE000003547                                                              
("Illovo Sugar")                                                                
Sale of Gledhow sugar mill, refinery and cane growing estates to a BEE company  
Further to the announcement of 19 May 2004, shareholders are advised that the   
condition precedent has been fulfilled with the Competition Commission approving
the transaction unconditionally.                                                
Mount Edgecombe                                                                 
12 July 2004                                                                    
Sponsor                                                                         
Cazenove                                                                        
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