ILV - Illovo Sugar Limited - Dealing in securities

ILV - Illovo Sugar Limited - Dealing in securities                              
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                                                           
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 of a    
major subsidiary company, Illovo Sugar (Malawi) Limited, in Illovo`s securities 
:                                                                               
Name of director of a major                                                     
subsidiary company:                I G Parrott                                  
Nature of transaction:             Exercise of Options / Allotment Shares       
1.   Number of securities bought:  9 800 ordinary shares                        
    Option strike date:           13 September 2000                             
    Option strike price:          R5.20 per share                               
2.   Number of securities bought:  4 800 ordinary shares                        
Option strike date:           21 May 2002                                   
    Option strike price:          R8.05 per share                               
3.   Number of securities bought:  4 900 ordinary shares                        
    Option strike date:           21 May 2003                                   
Option strike price:          R6.80 per share                               
4.   Number of securities bought:  2 200 ordinary shares                        
    Option strike date:           2 June 2004                                   
    Option strike price:          R7.70 per share                               
Total number of securities                                                  
    bought:                       21 700 ordinary shares                        
    Total Value:                  R139 860.00                                   
    Date:                         28 February 2008                              
Nature of transaction:        Sale of shares                                
    Number of securities sold:    21 700 ordinary shares                        
    Selling price:                R30.15 per share                              
    Value:                        R654 255.00                                   
Date:                         28 February 2008                              
    Nature of interest:           Direct beneficial                             
    Clearance to deal:            Obtained in advance in                        
                                  accordance with JSE Listings Requirements -   
paragraph 3.66                                

Mount Edgecombe                                                                 
29 February 2008                                                                
Sponsor:                                                                        
J P Morgan Equities Limited                                                     
GDK/ab                                                                          
29/02/2008                                                                      
Date: 29/02/2008 12:18:01 Supplied by www.sharenet.co.za                     
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