Decision by Competition Appeal Court on Polymer Pricing released
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" or "the Company")
DECISION BY COMPETITION APPEAL COURT ON POLYMER PRICING RELEASED
As reported in June 2014, Sasol Chemical Industries Limited (now
Sasol South Africa (Pty) Limited) (“Sasol”) decided to appeal
against the decision of the Competition Tribunal (“the Tribunal”) in
respect of Sasol’s pricing of propylene and polypropylene. The
Tribunal’s decision, which followed a hearing that was concluded in
October 2013, found against Sasol in relation to its pricing of both
products, for the period January 2004 to December 2007.
The Competition Appeal Court heard the matter in December 2014 and
in its ruling, released yesterday, concludes that the decision of
the Tribunal is set aside and that Sasol’s appeal is upheld. Sasol
welcomes the Competition Appeal Court’s decision, whereby the
complaint of excessive pricing is dismissed.
END
18 June 2015
Johannesburg
Sponsor: Deutsche Securities (SA) Proprietary Limited
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