ILV - Illovo Sugar Limited - Results of annual general meeting and finalisation

ILV - Illovo Sugar Limited - Results of annual general meeting and finalisation 
announcement in respect of the final capital reduction distribution out of share
premium of 54.0 cents per share                                                 
ILLOVO SUGAR LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Company registration number 1906/000622/06                                      
Share Code: ILV                                                                 
ISIN: ZAE000083846                                                              
("Illovo")                                                                      
RESULTS OF ANNUAL GENERAL MEETING AND FINALISATION ANNOUNCEMENT IN RESPECT OF   
THE FINAL CAPITAL REDUCTION DISTRIBUTION OUT OF SHARE PREMIUM OF 54.0 CENTS PER 
SHARE                                                                           
RESULTS OF ANNUAL GENERAL MEETING                                               
Shareholders are advised that at the annual general meeting held today,         
Wednesday 21 July 2010, all the resolutions as proposed in the Notice of the    
Annual General Meeting, were approved by the requisite majorities of members.   
These resolutions included -                                                    
-    the resolutions to make distributions to shareholders by way of a reduction
    in share premium;                                                           
-    the necessary special resolution relating to the specific authority to     
    repurchase shares in terms of the odd-lot and specific offers; and the      
    ordinary resolution to make and implement the odd-lot offer.                
The aforementioned special resolution will be lodged with the Registrar of      
Companies on or about Wednesday, 28 July 2010, and a finalisation announcement, 
with respect to the odd-lot and specific offers, confirming the registration of 
the special resolution, is expected to be released on or about Thursday, 29 July
2010. An announcement regarding the results of the odd-lot and specific offers  
will be made following the closing of the offers on Friday, 13 August 2010.     
FINALISATION ANNOUNCEMENT IN RESPECT OF THE FINAL CAPITAL REDUCTION DISTRIBUTION
OUT OF SHARE PREMIUM                                                            
Further to the announcement released on SENS on 31 May 2010 and the passing of  
the relevant aforementioned resolutions, Illovo advises that all conditions     
precedent have been met and accordingly the distribution by way of a capital    
reduction out of share premium will proceed as announced.  The salient dates are
set out below:                                                                  
2010     

Last day to trade cum the capital distribution               Friday, 30 July    
Shares commence trading ex the capital distribution         Monday, 2 August    
Record date                                                 Friday, 6 August    
Payment of the final capital distribution                 Tuesday, 10 August    
Illovo share certificates may not be dematerialised / rematerialised between    
Monday, 2 August 2010 and Friday, 6 August 2010, both days inclusive.           
Mount Edgecombe                                                                 
21 July 2010                                                                    
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Attorneys:                                                                      
Garlicke & Bousfield Inc                                                        
Investment bank and transaction sponsorfor the odd-lot and specific offers:     
Standard Bank                                                                   
Date: 21/07/2010 15:34:26 Supplied by www.sharenet.co.za                     
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