ILV - Illovo Sugar Limited - Changes in Directorate

ILV - Illovo Sugar Limited - Changes in Directorate                             
ILLOVO SUGAR LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1906/000622/06)                                            
Share Code: ILV                                                                 
ISIN: ZAE000083846                                                              
("Illovo" or "the company")                                                     
CHANGES IN DIRECTORATE                                                          
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, notice is hereby given of the following impending changes to the       
board of directors of Illovo:                                                   
Chairman and Lead Independent Director                                          
Mr R A Williams having attained the age of 70, will retire as Chairman of       
Illovo at the company`s next Annual General Meeting, to be held on 19 July      
2011. Mr D G MacLeod, currently Deputy Chairman, will be appointed Chairman     
of Illovo from that date.                                                       
As Mr MacLeod retired as chief executive of the Illovo group on 1 April         
2009, and therefore a period of three years will not have elapsed prior to      
his appointment as Chairman on 19 July 2011, in compliance with paragraph       
3.84(c) of the Listings Requirements and in accordance with the King Code       
of Governance for South Africa 2009 (King III), Mr M J Hankinson will be        
appointed lead independent director of the company from that date.              
Resignation                                                                     
Ms K Zarnack has tendered her resignation from the board of Illovo with         
effect from 31 May 2011. Ms Zarnack joined the group as financial director      
on 1 October 2005. She will be leaving to pursue other interests.               
Appreciation is expressed to Ms Zarnack for her valued contribution to the      
company during her tenure as a director. The recruitment of a replacement       
financial director is progressing and an appointment will be made and           
advised in due course.                                                          
Mount Edgecombe                                                                 
24 March 2011                                                                   
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 24/03/2011 07:05:02 Supplied by www.sharenet.co.za                     
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