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Illovo Sugar Limited - Dealing in securities (pursuant to ABF offer)

Release Date: 04/09/2006 12:50
Code(s): ILV
Wrap Text

Illovo Sugar Limited - Dealing in securities (pursuant to ABF offer) ILLOVO SUGAR LIMITED (Incorporated in the Republic of South Africa) Company registration number 1906/000622/06 Share Code: ILV ISIN: ZAE000083846 ("Illovo") DEALING IN SECURITIES (PURSUANT TO ABF OFFER) Pursuant to the scheme of arrangement proposed by ABF Overseas Limited ("ABF") between Illovo and its shareholders, whereby ABF was to acquire 51% of the fully diluted issued ordinary share capital of Illovo ("the ABF offer"), becoming operative on 4 September 2006, and the ABF offer having been extended to all participants in the Illovo Sugar 1992 Share Option Scheme, and in compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, notice is hereby given of the following dealings by a director in Illovo"s securities : Name of director: M I Hlatshwayo Nature of transaction: Exercise of options/Allotment of shares(pursuant to the ABF offer) 1. Number of securities bought: 5 300 ordinary shares Option strike date: 30 August 1999 Option strike price: R5.62 per share 2. Number of securities bought: 3 500 ordinary shares Option strike date: 12 July 2000 Option strike price: R5.20 per share 3. Number of securities bought: 11 500 ordinary shares Option strike date: 7 June 2001 Option strike price: R6.50 per share 4. Number of securities bought: 10 300 ordinary shares Option strike date: 21 May 2002 Option strike price: R8.05 per share 5. Number of securities bought: 81 700 ordinary shares Option strike date: 21 May 2003 Option strike price: R6.80 per share 6. Number of securities bought: 18 400 ordinary shares Option strike date: 2 June 2004 Option strike price: R7.70 per share Total number of securities brought: 130 700 ordinary shares Total Value: R902 891.00 Date: 4 September 2006 Nature of interest: Sale of shares (pursuant to the ABF offer) Number of securities sold: 148 552 ordinary shares Selling price: R21.00 per share Value: R3 119 592.00 Date: 4 September 2006 Nature of interest: Direct beneficial Clearance to deal: Obtained in advance in accordance with JSE Listings Requirements - paragraph
3.66 Mount Edgecombe 4 September 2006 Sponsor: J.P. Morgan Equities Limited Date: 04/09/2006 12:50:14 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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