Zambia Sugar Disposal Update

Tate & Lyle PLC 28 March 2001 Tate & Lyle PLC - Agreement to sell share in Zambia Sugar Plc Further to the announcement made on 16 February 2001 that it had conditionally agreed to sell its 50.87% share in Zambia Sugar Plc for US$11.4 million (£7.9 million) to Illovo Sugar Limited ('Illovo'), Tate & Lyle PLC announces that the conditions precedent in the agreement have now been met and that the share sale will be completed on 2 April 2001. The sale proceeds will be used to pay down Group debt. Enquiries: Mark Robinson 020 7626 6525 (Investor Relations) Chris Fox 020 7626 6525 (Press)

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Tate & Lyle (TATE)
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