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

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)                                   
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:                       B M Stuart                              
Nature of transaction:                  Exercise of options/Allotment of        
                                        shares                                  
1.   Number of securities bought:       53 900 ordinary shares                  
Option strike date:                31 August 1998                          
     Option strike price:               R4.35 per share                         
2.   Number of securities bought:       41 600 ordinary shares                  
     Option strike date:                30 August 1999                          
Option strike price:               R5.62 per share                         
3.   Number of securities bought:       39 200 ordinary shares                  
     Option strike date:                12 July 2000                            
     Option strike price:               R4.43 per share                         
4.   Number of securities bought:       44 100 ordinary shares                  
     Option strike date:                7 June 2001                             
     Option strike price:               R6.50 per share                         
5.   Number of securities bought:       35 900 ordinary shares                  
Option strike date:                21 May 2002                             
     Option strike price:               R8.05 per share                         
6.   Number of securities bought:       22 800 ordinary shares                  
     Option strike date:                21 May 2003                             
Option strike price:               R6.80 per share                         
Total number of securities brought:     237 500 ordinary shares                 
Total Value:                            R1 372 598.00                           
Date:                                   1 September 2006                        
Nature of interest:                     Sale of shares                          
Number of securities sold:              237 500 ordinary shares                 
Selling price:                          R17.7283 per share                      
Value:                                  R4 210 471.25                           
Date:                                   1/4 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 01:03:03 PM Supplied by www.sharenet.co.za                     
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