Illovo sees H1 HEPS 50-60% lower

EPS seen down by 75-85%

The HEPS decline is due mainly to challenging conditions and is further impacted by the seasonal phasing of production and sales at the half year. However, HEPS for the year ending 31 March 2016 is expected to
remain in line with the range reported on 25 May 2015, ie, a decrease of between 25% (134.2 cents) and 45% (98.4 cents) compared to that for the period ended 31 March 2015 (179.0 cents).

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