Date: Thu, 18 Dec 1997 06:37:31 GMT Server: Apache/1.1.1 Content-type: text/html Content-length: 1163 Last-modified: Wed, 08 Oct 1997 18:42:29 GMT Aug 29, 1996

Press Release

Imperial Holly Corporation
Sugarland, Texas

FOR IMMEDIATE RELEASE Aug 29, 1996

IMPERIAL HOLLY CORPORATION COMPLETES THE SALE OF A 27% EQUITY INTEREST TO GREENCORE GROUP PLC

Sugar Land, Texas - August 29, 1996 - Imperial Holly Corporation (AMEX: IHK) today announced that it had completed the sale of 3,800,000 shares of newly issued shares of its common stock, representing approximately 27% of its shares outstanding following the sale, to a subsidiary of Greencore Group plc of Dublin, Ireland for $50,350,000.


For more information please contact:

William F. Schwer
Imperial Holly Corporation
281/491-9181