ILLOVO SUGAR LIMITED - DIRECTOR DEALINGS IN SHARES

ILLOVO SUGAR LIMITED - DIRECTOR DEALINGS IN SHARES                              
ILLOVO SUGAR LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Company registration number 1906/000622/06                                      
Share Code: ILV                                                                 
ISIN: ZAE000003547                                                              
NOTICE OF SHAREDEALINGS LODGED WITH THE JSE SECURITIES EXCHANGE SOUTH AFRICA IN 
TERMS OF LISTINGS REQUIREMENTS PARAGRAPH 3.63 TO 3.74                           
Name of company:                  Illovo Sugar Limited                          
Name of director:                 M I Hlatshwayo                                
Designation:                      Director                                      
Number of securities purchased:   25 000 ordinary shares                        
Option granted:                   August 1998                                   
Price purchased at:               R4.35 per share                               
Total value:                      R108 750.00                                   
Date:                             11 January 2005                               
Nature of transaction:            Exercise of options/Allotment of shares       
Nature of interest                Direct beneficial                             
Clearance to deal:                This was obtained in advance in               
accordance with JSE Listings Requirements     

                                  - paragraph 3.66.                             
Name of company:                  Illovo Sugar Limited                          
Name of director:                 M I Hlatshwayo                                
Designation:                      Director                                      
Number of securities purchased:   19 800 ordinary shares                        
Option granted:                   August 1999                                   
Price purchased at:               R5.62 per share                               
Total value:                      R111 276.00                                   
Date:                             11 January 2005                               
Nature of transaction:            Exercise of options/Allotment of shares       
Nature of interest                Direct beneficial                             
Clearance to deal:                This was obtained in advance in               
                                  accordance with JSE Listings Requirements     
                                  - paragraph 3.66.                             
Name of company:                  Illovo Sugar Limited                          
Name of director:                 M I Hlatshwayo                                
Designation:                      Director                                      
Number of securities purchased:   13 200 ordinary shares                        
Option granted:                   September 2000                                
Price purchased at:               R5.20 per share                               
Total value:                      R68 640.00                                    
Date:                             11 January 2005                               
Nature of transaction:            Exercise of options/Allotment of shares       
Nature of interest                Direct beneficial                             
Clearance to deal:                This was obtained in advance in               
                                  accordance with JSE Listings Requirements     
                                  - paragraph 3.66.                             
Name of company:                  Illovo Sugar Limited                          
Name of director:                 M I Hlatshwayo                                
Designation:                      Director                                      
Number of securities sold:        58 000 ordinary shares                        
Price sold at:                    R8.39 per share                               
Total value:                      R486 620.00                                   
Date:                             12 January 2005                               
Nature of transaction:            Sale of shares                                
Nature of interest                Direct beneficial                             
Clearance to deal:                This was obtained in advance in               
                                  accordance with JSE Listings Requirements     
                                  - paragraph 3.66.                             
Mount Edgecombe                                                                 
12 January 2005                                                                 
Sponsor                                                                         
Cazenove                                                                        
Date: 13/01/2005 10:50:31 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department