Profit and dividend announcement for the year ended March 2009

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Audited results for the year ended 31 March 2009

- Operating profit increased by 30%
- Headline earnings per share increased by 23%
- Dividend increased by 24%
- Strong operational cash generation
- Ongoing major capacity expansions / funding arrangements

Graham Clark, Managing Director, commented:

“These are good results overall, with increased earnings and higher production achieved. The company continues to make significant investments to grow its productive capacity, as part of which the major expansion project in Zambia was completed in April. Production in the ensuing year is anticipated to reflect a further increase, and the group is well positioned to benefit from duty-free, quota-free access to the EU sugar market from October.”

Enquiries:

Illovo Sugar: 031 508 4300
Graham Clark, Managing Director
Karin Zarnack, Financial Director
Chris Fitz-Gerald, Corporate Communications

College Hill: 011 447 3030
Nicholas Williams 082 600 2192

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