PETMIN LIMITED - Update on arbitration proceedings
PET 201505210033A
Update on arbitration proceedings
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET
ISIN: ZAE000076014
("Petmin" or "the Company")
UPDATE ON ARBITRATION PROCEEDINGS
Shareholders are advised, that Petmin's subsidiary Tendele Coal Mining (Pty)
Limited, has withdrawn from the arbitration with its customer, as described in Note
13 of Petmin's December 2014 Interim Financial Statements published on Sens on
Tuesday 24 February 2015 and will now seek declaratory relief from the High Court
that the contract concerned is void.
This course of action has been taken due to information recently coming to Tendele's
and Petmin's attention during the course of the arbitration proceedings which is being
considered and dealt with by Petmin.
This announcement is not related to the cautionary notice published by Petmin on
Sens on Monday 18 May 2015 which remains in effect
Petmin
Bradley Doig
+27 11 706 1644
Media
Jonathon Rees
+27 76 185 1827
Sponsor and Corporate Advisor
River Group
Johannesburg
21 May 2015
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