Results of meeting ILLOVO SUGAR LIMITED (Incorporated in the Republic of South Africa) (Registration number 1906/000622/06) Share Code: ILV ISIN: ZAE000083846 (“the Company”) RESULTS OF ILLOVO SUGAR LIMITED GENERAL MEETING HELD ON 25 MAY 2016 Shareholders are advised that, at the General Meeting (“GM”) of the Company held on 25 May 2016, the special and ordinary resolutions set out in the Notice of General Meeting (which was dispatched to shareholders on 26 April 2016), were passed on a poll by the requisite majorities (being those set out in the Notice of the General Meeting in respect of each resolution). Details of the results of the voting at the GM are set out below: Total issued shares – 460 730 557 Total number of shares present or represented at the GM, in person or by proxy – 432 823 128 shares, being 93.94% of the total issued share capital, of which 236 569 232 shares (“AOL Shares”) were held by ABF Overseas Limited (“AOL”). The following table reflects the resolutions proposed at the GM as well as the voting results in respect of each of the resolutions proposed: Total number Shares voted for Shares voted Shares of shares voted against abstained Special Resolutions Special Approval of 196 246 696 189 436 227 6 810 469 7 200 the Scheme of Resolution Arrangement being 42.59% of being 96.53% of being 3.47% being 0% of Number 1 total issued the total shares of the total total issued shares voted shares voted shares Special Revocation of 432 815 928 432 806 634 9 294 7 200 Resolution Special Number 2 Resolution being 93.94% of being 100% of Being 0% of being 0% of number 1 if total issued the total shares the total total issued the Scheme is shares voted shares voted shares terminated Special Amendment of 432 815 928 426 005 459 6 810 469 7 200 Resolution Memorandum of Number 3 Incorporation being 93.94% of being 98.43% of being 1.57% being 0% of total issued the total shares of the total total issued shares voted shares voted shares Ordinary Resolutions Ordinary Delisting 432 815 928 432 806 634 9 294 7 200 Resolution Resolution Number 1 being 93.94% of being 100% of Being 0% of being 0% of total issued the total shares the total total issued shares voted shares voted shares Ordinary Authorising 432 815 928 432 806 634 9 294 7 200 Resolution Resolution Number 2 being 93.94% of being 100% of Being 0% of being 0% of total issued the total shares the total total issued shares voted shares voted shares NOTES: 1 The voting rights in respect of the AOL Shares were not taken into account in the determination of the quorum and approval required in respect of Special Resolution Number 1. 2 The votes cast in respect of the AOL Shares were included in calculating the total percentage of the votes cast in favour of Special Resolution number 3, but were excluded in the calculation of the approval required in terms of Article 8 of the Company’s MOI (ie, not less than 50% of the votes of the shareholders who are not members of the ABF Group who are present in person or by proxy at the meeting, in this case 96.53% voted in favor). 3 The votes cast in respect of the AOL Shares were included in calculating the total percentage of the votes cast in favour of Ordinary Resolution Number 1, but were excluded in the calculation of the approval required pursuant to section 1.15 of the JSE Listings Requirements (ie, more than 50% of the votes of all shareholders present or represented by proxy at the General Meeting, excluding any controlling shareholders, in this case 100% voted in favor). J A Kunst Company Secretary Ridgeside, Umhlanga 25 May 2016 Sponsor J.P. Morgan Equities South Africa Proprietary Limited. Financial adviser and transaction sponsor The Standard Bank of South Africa Limited Date: 25/05/2016 11:33:00 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.