Announcement Regarding Illovo Sugar Limited

Shareholders are referred to the announcement released today by Illovo Sugar Limited (“Illovo”), Associated British Foods plc (“ABF”) 51.35% held subsidiary, whereby it confirms ABF has made a non-binding expression of interest to Illovo, to potentially acquire all the remaining issued ordinary shares of Illovo that ABF does not already own.  ABF intends to make an offer of ZAR20 per Illovo ordinary share, to be settled in cash to all other shareholders.

At this stage there can be no certainty that the discussions will result in a transaction.  A further announcement will be made in due course.

For further enquiries please contact:

Associated British Foods

John Bason, Finance Director
Flic Howard-Allen, Head of External Affairs
Tel: 020 7399 6500

UK & International media

Citigate Dewe Rogerson
Chris Barrie, Eleni Menikou
Tel: +44 20 7638 9571

African media

Aprio
Julian Gwillim
Tel: +27 82 45 24 389
 

Announcement regarding Illovo Sugar Limited