AUSTRO GROUP LIMITED - Update in respect of litigation
ASO 201407210029A
Update in respect of litigation
AUSTRO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
JSE share code: ASO ISIN: ZAE000090882
(“Austro” or “the Group”)
UPDATE IN RESPECT OF LITIGATION
Shareholders are referred to the announcement released on SENS on 3 December 2013 (“previous
announcement”). Austro and New Way Power (Proprietary) Limited have concluded a settlement
agreement with former directors, Jonathan Freed and Justin Freed, in terms of which it has been agreed
between the parties that the former directors are bound by and are interdicted and restrained, for a period of
two years from 17 April 2014, from conducting themselves contrary to the restraint of trade provisions
contained in the restraint of trade agreements referred to in the previous announcement. The Group remains
in negotiations with John Deere regarding the renewal of its distributorship agreement and continues to
represent and trade with John Deere in the interim.
21 July 2014
Sponsor
Java Capital
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