Decision by Competition Appeal Court on Polymer Pricing Released

JOHANNESBURG, June 18, 2015 /PRNewswire/ --

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.

Sasol Limited
Investor contact:
Cavan Hill
Senior Vice President - Investor Relations
Email: [email protected]
Tel: +27-11-441-3113

SOURCE Sasol Limited

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