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SASOL LIMITED - Sasols chemicals subsidiary to appeal decision of the Competition Tribunal on polymer pricing

Release Date: 26/06/2014 17:17
Code(s): SOL SOLBE1     PDF:  
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Sasol’s chemicals subsidiary to appeal decision of the Competition Tribunal on polymer pricing

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:     JSE: SOL       NYSE: SSL
Sasol Ordinary ISIN codes:      ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code:   ZAE000151817

SASOL’S CHEMICALS SUBSIDIARY TO APPEAL DECISION OF THE COMPETITION TRIBUNAL
ON POLYMER PRICING

As previously reported, on 5 June, 2014, the Competition Tribunal (“the
Tribunal”) released its decision in respect of Sasol Chemical Industries
(Pty) Limited (previously Sasol Chemical Industries Limited’s) (“SCI”)
pricing of propylene and polypropylene. This matter has its origin in the
investigation into the South African polymer industry that was initiated in
2007 by the Competition Commission.

In its decision, the Tribunal found against SCI in relation to its pricing
of both propylene and polypropylene, for the period January 2004 to December
2007. After a review of the Tribunal’s findings, SCI has decided to lodge an
appeal against the decision with the South African Competition Appeal Court
(“CAC”). The notice of appeal will be filed with the CAC on 27 June 2014.

26 June 2014
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

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