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ZURICH INSURANCE COMPANY S A LTD - Update on outcome of arbitration

Release Date: 16/08/2013 17:30
Code(s): ZSA     PDF:  
Wrap Text
Update on outcome of arbitration

Zurich Insurance Company South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1965/006764/06)
ISIN: ZAE000094496
Share Code: ZSA
(“Zurich South Africa” or “the Company”)

UPDATE ON OUTCOME OF ARBITRATION

Shareholders’ attention is drawn to the unaudited results for the
6-month period ended 30 June 2013 published on Thursday, 1 August
2013 and, in particular, to the uncertainty which existed
surrounding the potential outcome of an arbitration appeal.

The arbitration appeal ruling was subsequently delivered. The
Group was substantially successful in opposing the matter.
However, the adverse impact on the Group’s headline earnings is
R21.1m after tax or R1,73 per share.

The financial information above has not been reviewed and reported
on by the Company’s external auditors.


Johannesburg
16 August 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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