INTERWASTE HOLDINGS LIMITED - Press Release: Interwaste Responds To Allegations

Press Release: Interwaste Responds To Allegations

Interwaste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/037223/06)
JSE code: IWE
ISIN:ZAE000097903
(“Interwaste” or “the Group”)

PRESS RELEASE - INTERWASTE UPDATE ON MEDIA ALLEGATIONS


9 June 2014: Subsequent to the publication of an article in
the media on 26 May 2014 in which a series of unfounded
allegations were made against Interwaste, the Company issued a
SENS announcement responding to the article. A second article,
based on the SENS announcement, which contained further
inaccuracies, was published in the media on 27 May 2014.

The Company believes it is appropriate to provide an update to
customers, suppliers, shareholders and the general public on
further developments on the matter.

Given the nature of the negative media reports, Interwaste
appointed the services of Paul O’Sullivan and Associates,
Forensic Consultants, to investigate what management believed
was developing into an unwarranted media attack on the
Company. Interwaste also briefed legal counsel to address the
matter with the publication responsible for the press
articles.

The investigation by Paul O’Sullivan and Associates has been
concluded and Interwaste has opened a docket with the South
African Police Services (SAPS), laying charges of extortion
against the persons who management believe are responsible for
the dissemination of false and defamatory allegations against
Interwaste. This matter is now in the hands of the SAPS and
both the Company and Paul O’Sullivan and Associates will
continue to assist the SAPS in the ensuing investigations.

Interwaste is mindful of its duty of care to its various
stakeholders and has established controls and processes to
enable it to exercise that duty and takes responsibility for
any breaches.

Ends


Contact:            Interwaste Holdings Limited
                    Alan Willcocks (CEO of Interwaste)
                    Tel: (011) 323-7300

Issued and released by:   KeyterRech Investor Solutions
                          Marlize Keyter (011) 447-5204 / 083
                          701 2021

Issue date:         9 June 2014

JSE code:           IWE

Web-site:           www.interwaste.co.za

Germiston
9 June 2014

Designated Adviser
Grindrod Bank Limited

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