Sasol Limited
(Incorporated in South Africa)
(Registration number: 1979/003231/06)
ISIN Code: ZAE000006896
JSE Code: SOL
NYSE Code: SSL
(“Sasol” or “the Company”)
Statement issued by Sasol Limited in response to an announcement
by the European Commission regarding a finding of anti-
competitive behaviour by Sasol Wax GmbH and other members of the
European paraffin wax industry
As anticipated in several previous announcements made by Sasol
Limited, the European Union found that members of the European
paraffin wax industry, including Sasol Wax GmbH, formed a cartel
and violated antitrust laws. A fine of EUR 318 200 000 was
imposed by the European Commission on Sasol Wax GmbH (of which
Sasol Wax International AG, Sasol Holding in Germany GmbH and
Sasol Limited would be jointly and severally be liable for EUR
250 million). The fine is payable within three months.
As a result of Sasol’s co-operation and support in the
investigations, the European Commission reduced the base amount
of the fine by 50% to the net amount stated above.
Sasol is surprised by and does not understand the reasons for the
magnitude of this fine and will be studying the reasons for the
finding with a view to lodge an appeal against it.
According to the statement of objections of the European
Commission an infringement of antitrust laws commenced in 1992 or
even earlier. In 1995 Sasol became a co-shareholder in an
existing wax business located in Hamburg, Germany owned by the
Schümann group. In July 2002 Sasol acquired the remaining shares
in the joint venture and became the sole shareholder of the
business. Sasol Limited was unaware of these infringements
before the European Commission commenced their investigation at
the wax business in Hamburg in April 2005.
Sasol views this matter in a serious light and has intensified
its competition and anti-trust law compliance programmes in all
its businesses including joint ventures. It is Sasol’s policy to
comply with all applicable laws, including competition laws.
1 October 2008
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Forward-looking statements: In this document we make certain
statements that are not historical facts and relate to analyses
and other information based on forecasts of future results not