Full Disclosure 2016

Summary of updated findings

On 28 June 2016, Illovo Sugar was delisted from the JSE after Associated British Foods (already a major shareholder in Illovo Sugar) successfully acquired all of the ordinary shares issued in Illovo Sugar that it did not already own from minority institutional and private shareholders.¹

Nevertheless, relevant updates have been added to the Full Disclosure 2015 findings, using, inter alia, Illovo Sugar’s 2015 Integrated Annual Report, in the sections Illovo Sugar’s disclosure of environmental non-compliances in annual reports and Environmental non-compliances reported by affected communities, the media & NGOs.