ILV - Illovo Sugar Limited - Odd-lot and specific offers: special resolution,

ILV - Illovo Sugar Limited - Odd-lot and specific offers: special resolution,   
finalisation announcement and reminder to shareholders                          
Illovo Sugar Limited                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1906/000622/06)                                            
Share code: ILV    ISIN: ZAE000083846)                                          
("Illovo" or "the Company")                                                     
ODD-LOT AND SPECIFIC OFFERS: SPECIAL RESOLUTION, FINALISATION ANNOUNCEMENT AND  
REMINDER TO SHAREHOLDERS                                                        
1.   SPECIAL RESOLUTION                                                         
Illovo shareholders are hereby advised that the special resolution giving the   
Company the specific authority to repurchase shares in respect of the odd-lot   
and specific offers, collectively "the offers", has been registered by the      
Registrar of Companies. The offers are now unconditional.                       
A further announcement regarding the results of the offers will be made         
following the closing of the offers on Friday, 13 August 2010.                  
2.   REMINDER TO SHAREHOLDERS                                                   
Illovo shareholders are hereby reminded, as per paragraph 1 of the circular     
dated 22 June, that it is a term of the offers that Illovo shall be entitled to 
refuse to implement the purchase of Illovo ordinary shares, pursuant to the     
offers, in respect of any odd-lot holder or specific holder whom the Company    
reasonably believes has become an odd-lot holder or specific holder in order to 
take advantage of the offers. Such odd-lot holder or specific holder will have  
no claim against Illovo arising out of or in connection with such refusal.      
The details of the offers are contained in the circular which is also available 
on the Company`s website: www.illovosugar.com.                                  
Mount Edgecombe                                                                 
29 July 2010                                                                    
Investment bank and transaction sponsor                                         
Standard Bank                                                                   
Attorneys                                                                       
Garlicke & Bousfield Inc.                                                       
Sponsor                                                                         
JP Morgan                                                                       
Date: 29/07/2010 11:00:02 Supplied by www.sharenet.co.za                     
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