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ILV - Illovo Sugar Limited - Update on the Markala Sugar Project - Mali

Release Date: 22/03/2012 07:05
Code(s): ILV
Wrap Text

ILV - Illovo Sugar Limited - Update on the Markala Sugar Project - Mali ILLOVO SUGAR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1906/000622/06) Share Code: ILV ISIN: ZAE000083846 ("Illovo" or "the company") UPDATE ON THE MARKALA SUGAR PROJECT - MALI Illovo Sugar Limited ("Illovo") wishes to update investors regarding its proposed investment in the Markala Sugar Project in Mali ("the Project"). Prospects for Illovo`s proposed investment in Mali remain constrained by incomplete funding of the agricultural component and incomplete undertakings required from the Government of Mali in relation to the Project. Illovo has offered its assistance to the Government of Mali in order to resolve outstanding issues which require urgent resolution. We will keep investors informed of developments. Mount Edgecombe 22 March 2012 Sponsor J.P. Morgan Equities Limited Enquiries: Illovo Sugar Limited Tel: 031 508 4300 Graham Clark, Managing Director Mohammed Abdool-Samad, Financial Director Chris Fitz-Gerald, Public Affairs Manager Date: 22/03/2012 07:05:06 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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