ILV - Illovo Sugar Limited - Trading Update

ILV - Illovo Sugar Limited - Trading Update                                     
ILLOVO SUGAR LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1906/000622/06)                                            
Share Code: ILV                                                                 
ISIN: ZAE000083846                                                              
("Illovo" or "the company")                                                     
TRADING UPDATE                                                                  
Shareholders were advised in the Interim Report issued on 13 November 2007 that 
results for the current year ending 31 March 2008 would be impacted by the level
of the rand compared to other currencies, the world sugar price, and final sugar
production.                                                                     
Due to adverse weather conditions in the latter part of the current season,     
final sugar production in both South Africa and Zambia was lower than previously
forecast, resulting in the aggregate group sugar production estimate in 2007/08 
declining to 1,8 million tons, which is 80 000 tons above last year but 75 000  
tons below the previous forecast.                                               
As a result of this and the lower world sugar prices as compared to the previous
financial year, headline earnings per share and earnings per share for the year 
to 31 March 2008 are now expected to be only marginally above last year.        
The forecast financial information on which this trading update is based has not
been reviewed or reported upon by the company`s auditors. The company`s results 
for the year ending 31 March 2008 will be released on 21 May 2008.              
Mount Edgecombe                                                                 
16 January 2008                                                                 
Sponsor                                                                         
J P Morgan Equities Limited                                                     
Date: 17/01/2008 07:05:02 Supplied by www.sharenet.co.za                     
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