SASOL NITRO SETTLEMENT AND COMPETITION LAW COMPLIANCE REVIEW

Date

20 May, 2009

The Competition Tribunal today confirmed the settlement agreement, reached between the Competition Commission of South Africa and Sasol Nitro, a division of Sasol Chemical Industries Limited, relating to its fertiliser and phosphoric acid businesses.

The confirmation of the agreement has the effect of a full and final settlement and conclusion of all proceedings between the Commission and Sasol Chemical Industries Limited relating to any alleged contraventions by Sasol Chemical Industries Limited (Sasol Nitro division) of section 4(1)(b) (prohibiting collusive conduct) of the South African Competition Act that were the subject of the Commission's investigations in respect of the Nutri-Flo matter and the phosphoric acid investigation.

The remainder of the Nutri-Flo matter and the Profert matter, which deal with allegations of abuse of dominance in the market place, form the subject-matter of continuing engagement between Sasol and the Competition Commission.

The original settlement agreement, of 6 May 2009, was concluded with the Competition Commission relating to alleged contraventions by Sasol Chemical Industries Limited (Sasol Nitro division) of section 4(1)(b) (prohibiting collusive conduct) of the South African Competition Act that were the subject of the Commission's investigations in respect of the Nutri-Flo matter and the phosphoric acid investigation. In terms of the agreement Sasol Chemical Industries Limited agreed to pay an administrative penalty of R188, 01 million. This agreement was subject to confirmation by the Competition Tribunal.

In the course of Sasol's ongoing investigation into anti-competitive behaviour within its fertilizer and phosphoric acid business, additional and relevant information was uncovered last week, after intensive and repeated interviews with employees and ex-employees. Sasol immediately reported the new information to the Competition Commission.

In light of the new information, Sasol tendered an amendment to the previously announced settlement agreement, to expand the scope of the admissions that Sasol made in respect of the anti-competitive conduct in the fertilizer industry.

The Competition Commission agreed to the amendments regarding Sasol's admission of a contravention of the Act. It indicated the amendment would result in an increase in the administrative fine, that Sasol agreed to pay in terms of the original settlement agreement, from R188,01 million to R250,68 million.

"This is another important step in a continuing process that was started July last year and we will not rest until we have cleaned out the cupboard entirely," Pat Davies, Chief Executive, said.

The revised administrative penalty, agreed by Sasol and the Competition Commission, was today confirmed at a sitting of the Competition Tribunal in Pretoria. The amount must be paid within 60 days of the confirmation.

"Sasol accepts full responsibility for the wrongdoing and apologises to all those who may have been impacted by the conduct of managers and employees within the Sasol Nitro business unit in the early to mid-2000s," Davies said.

Total Stores	Division	Store Location	Address	Tel No
1	Relabelled	Salt River	29 Brickfield Road, Salt River, Cape Town	(021)4479913
2	Relabelled	Bellville	Shop 4, Corner Voortrekker Rd & Durban RD, Bellville	(021)9171860
3	Relabelled	Kenilworth	Unit number 3 access park, Chichester road, Kenilworth	(021)6714778,
4	Relabelled	Kuilsrivier	Shop 4 & 5 Access Park, Kuilsrivier	(021)9031294 061 287 3980
5	Relabelled	Mobeni	Cnr Grimsby & Leicester Rd, Mobeni, Durban	(031)4620540 W\House (031) 469 9409
6	Relabelled	Pier 14	21A Pier 14, Shopping Centre, Port Elizabeth	(041)4841575 083 5176 728
7	Relabelled	Marlboro	13 Sparten Crescent ,Marlboro , Ext 3 Johannesburg	(011) 262 0460
8	Relabelled	Soweto	Maponya Shop 200 2127 Chris hani Road, klipspruit ext5 Soweto	(011) 933 1023
9	Relabelled	Umlazi	Shop 155 Umlazi Mega City 50 Griffiths Mxenge Highway Umlazi	(031) 902 1325
10	Relabelled	Epping	10 Losack avenue , epping industrial	(021) 534 0401
1	BCWC	Kloof	Lifes on Kloof, 50 Kloof Street, Gardens ,Cape Town, shop G-15	(021) 422 1593 078 211 8051
2	BCWC	Canal Walk	Shop 619 Canal Walk , Century BLVD, Century City , Cape Town 7441	(021) 551 2891
3	BCWC	Monte Casino	Shop 80B Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 0438
4	BCWC	Menlyn	Shop UF 42 & 43 cnr atterbury road & lois avenue , menlo park , Pretoria	(012) 764 9600
5	BCWC	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	032 586 0242
6	BCWC	Rosebank	Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg	(011)268 1114
1	Magents	Canal Walk	Shop 08 , Century Blvd , Century City 7441	(021) 551 2533 JP CELL: 064 686 4026
2	Magents	Monte Casino	Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 6721 074 669 6310 073 804 4352 079 884 7607
3	Magents	Menlyn	MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal
4	Magents	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	061 521 7446 032 586 1467
1	WSA	Menlyn	MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	Vicky - 078 816 1921 land line - 012 348 4766
6	BCWC	Rosebank	Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg	(011)268 1114
1	Magents	Canal Walk	Shop 08 , Century Blvd , Century City 7441	(021) 551 2533 JP CELL: 064 686 4026
2	Magents	Monte Casino	Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 6721 074 669 6310 073 804 4352 079 884 7607
3	Magents	Menlyn	MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal
4	Magents	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	061 521 7446 032 586 1467
1	WSA	Menlyn	MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	Vicky - 078 816 1921 land line - 012 348 4766

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SASOL NITRO SETTLEMENT AND COMPETITION LAW COMPLIANCE REVIEW

SASOL NITRO SETTLEMENT AND COMPETITION LAW COMPLIANCE REVIEW