FWD - Freeworld Coatings Limited - Competition commission`s decision

FWD - Freeworld Coatings Limited - Competition commission`s decision            
FREEWORLD COATINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
Registration number 2007/021624/06                                              
Share code: FWD     ISIN: ZAE000109450                                          
("Freeworld" or the "Company")                                                  
COMPETITION COMMISSION`S DECISION                                               
Freeworld`s shareholders are advised that Freeworld`s board of directors will be
meeting before the end of the week to formally consider the Competition         
Commission`s ("the Commission") decision, which was reached on Monday, 18 April 
2011 and released today, and will announce its views in this regard shortly     
thereafter.                                                                     
The Commission has conditionally approved the proposed transaction in terms of  
which Kansai Paint Co. Ltd ("Kansai") will acquire control of Freeworld.  The   
full set of the non-confidential Commission`s decision and conditions thereto   
will be published on Freeworld`s website at http://www.freeworldcoatings.com    
Johannesburg                                                                    
19 April 2011                                                                   
Merchant bank and sponsor to Freeworld                                          
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Attorneys to Freeworld                                                          
Read Hope Phillips Thomas & Cadman Incorporated                                 
Competition law advisors to Freeworld                                           
Nortons Inc                                                                     
Date: 19/04/2011 14:46:01 Supplied by www.sharenet.co.za                     
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