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STEFANUTTI STOCKS HOLDINGS LTD - Competition Commission Update

Release Date: 31/07/2013 16:46
Code(s): SSK     PDF:  
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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

Stefanutti Stocks is now in a position to advise shareholders that the Competition Commission (“the
Commission”) on Tuesday 30 July 2013 has agreed additional penalties to be paid in respect of contracts
falling outside the Fast Track Settlement Process. In terms of this, the company has signed a Settlement
Agreement with the Commission for a penalty amount of R55 864 536 (“the Penalty”).

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

The company will pay R12 550 000 on the First Date, R12 550 000 and R12 564 536 on the first and second
anniversary of the First Date respectively. The company will make a final payment of R20 020 000 (including
R1 820 000 interest) on the third anniversary of the First Date.

Johannesburg
31 July 2013
Sponsor: Bridge Capital Advisors (Pty) Ltd

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