Voluntary trading statement for the year ended 31 March 2015 ILLOVO SUGAR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1906/000622/06) Share Code: ILV ISIN: ZAE000083846 (“Illovo”) or (“the Company”) Voluntary trading statement for the year ended 31 March 2015 Shareholders are advised that a reasonable degree of certainty exists that Illovo’s earnings per share (“eps”) and headline earnings per share (“heps”) for the year ended 31 March 2015 will reflect a decrease of between 7% and 12% compared to the period ended 31 March 2014 as set out below, due mainly to challenging trading conditions in the EU, world and regional markets (as reported in our 2014 Interim Report) as well as the impact of the drought and frost on sugar production in South Africa. 31 March 2014 Expected 31 March 2015 (cents) Actual (cents) Range 7% down 12% down EPS 199.0 185.1 175.1 HEPS 194.0 180.4 170.7 Currently these trading conditions are expected to become more difficult during the 2015/16 financial year, with revenue being further negatively impacted by the recent sharp weakening of the Euro, the full year effect of low EU prices and persistent low world market prices driven by a weakening Brazilian Real. South African sugar production is expected to decline due to the full impact of the previous season’s drought and frost conditions on the 2015/16 crop. However, increased growth in domestic and regional sugar markets and the weaker Rand are anticipated to partially provide some relief from these challenging conditions. The Company continues to make strategic investments, which are underpinned by a strong balance sheet and good cash generation. The financial information in this trading statement has not been reviewed and reported on by the Company’s auditors. The Company’s results for the year ended 31 March 2015 will be published on or about 25 May 2015. D G MacLeod Chairman Mount Edgecombe 15 April 2015 Sponsor J.P. Morgan Equities South Africa Proprietary Limited Date: 15/04/2015 10:13:00 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.