STEFANUTTI STOCKS HOLDINGS LTD - Competition Commission Update

Competition Commission Update

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK       ISIN: ZAE000123766
(“Stefanutti Stocks” or “the group” or “the company”)


COMPETITION COMMISSION UPDATE


Further to the Revised Trading Statement and Reviewed Condensed Consolidated Results issued on 13 and
14 May 2013 respectively, Stefanutti Stocks is now in a position to advise shareholders that the Competition
                                                  th
Commission (“the Commission”) on Monday 24 June 2013 has finalised the penalties to be paid under the
Fast Track Settlement Process (“the Process”). In terms of this, the company has signed a Settlement
Agreement (“the Agreement”) with the Commission for a penalty amount of R306,892,664 (“the Penalty”).


The Penalty is payable in four instalments, over three years, commencing within 30 days from date of
confirmation of the Agreement by the Competition Tribunal (“the First Date”).


The company will pay R68 964 000 on the First Date, with two similar payments due on the first and second
anniversary of the First Date. The company will make a final payment of R110 000 000 (including R10 million
interest) on the third anniversary of the First Date.


If confirmed by the Competition Tribunal, this represents a full and final settlement of all alleged collusive
behaviour under the Process as defined in The Agreement.


The Stefanutti Stocks Board adheres to the principle of strong and fair competition supported by good
corporate governance to ensure that both the company and the countries in which it operates, benefit from
sustainable and competitive, corporate behaviour. The Board wishes to assure all its shareholders that the
historical practices which lead to the Penalty are deeply regretted and that stringent measures have been
taken to ensure that they will not re-occur.


Johannesburg
24 June 2013
Sponsor: Bridge Capital Advisors (Pty) Ltd

Date: 24/06/2013 05:11:00 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.