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SASOL LIMITED - Competition Commission Seeks Leave to Appeal Competition Appeal Court Ruling on Polymer Pricing

Release Date: 10/07/2015 14:00:00      Code(s): SOL SOLBE1     
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:     JSE: SOL       NYSE: SSL
Sasol Ordinary ISIN codes:      ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code:   ZAE000151817


On 17 June 2015, the Competition Appeal Court (?CAC?) delivered its
judgement and ordered that the decision of the Competition Tribunal against
Sasol Chemical Industries Limited?s (now Sasol South Africa (Pty) Limited)
(?Sasol?) pricing of propylene and polypropylene be set aside and that
Sasol?s appeal be upheld.

On 8 July 2015, the Competition Commission served notice to the CAC, in
terms of which it is seeking the CAC?s leave to appeal its judgment and
order before the Constitutional Court. On 9 July 2015, the Judge President
of the CAC advised the Competition Commission that it should approach the
Constitutional Court directly on the appeal it seeks to bring.

10 July 2015

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 10/07/2015 02:00:00 Supplied by www.sharenet.co.za                     
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