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ARL - Astral Foods Limited - Voluntary announcement

Release Date: 09/09/2011 16:30
Code(s): ARL
Wrap Text

ARL - Astral Foods Limited - Voluntary announcement ASTRAL FOODS LIMITED "Astral" (Reg. No. 1978/003194/06) (Incorporated in the Republic of South Africa) Share Code: ARL ISIN Code: ZAE000029757 VOLUNTARY ANNOUNCEMENT Astral, one of South Africa`s leading poultry producers, has been informed by the Competition Commission ("Commission") that it received an application for immunity in terms of its Corporate Leniency Policy ("CLP"). This application for immunity stems from the Commission`s Summons issued on 14 September 2009 and arose in the context of investigations initiated by the Commission into poultry feed, poultry breeding stock, broiler production and poultry products and which summons was addressed to SAPA, all past and present members of SAPA and other players in the poultry products industry. The CLP applicant disclosed conduct alleging its involvement in anti- competitive conduct in the market for fresh chicken products prior to 2008 and implicated one of Astral`s business units. Chris Schutte, Chief Executive Officer of Astral, comments: "We have instructed our attorneys to conduct a comprehensive investigation into the alleged anti-competitive conduct which occurred between 2003 and 2007. Once the results of the investigation are available, we will respond appropriately to the allegations." Astral has also been notified by the Commission of a complaint investigation pertaining to dairy feed. Astral has instructed its attorneys to respond as appropriate to the Commission`s queries in this regard. Pretoria 9 September 2011 Sponsor J.P. Morgan Equities LimiteD Date: 09/09/2011 16:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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