Sasol Limited - company press release
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
(ISIN: ZAE000006896)
Share codes:
JSE - SOL
NYSE - SSL
(`Sasol`)
Sasol Issues Statement Regarding European Commission Investigation and United
States subpoena with respect to the paraffin wax industry
On 28 April 2005, Sasol Wax International AG (Hamburg) was notified that the
European Commission has commenced an investigation of alleged anticompetitive
behavior among industry members in the paraffin wax industry. In connection
with this investigation, the European Commission has begun investigating various
industry participants including the operations of Sasol Wax International AG and
businesses controlled by Sasol Wax International AG. A subsidiary of Sasol Wax
International AG in the United States of America, Sasol Wax Americas
Incorporated (Shelton, Connecticut), has received a subpoena for information on
28 April 2005 from the United States District Court for information regarding
its wax sales activities. Sasol Wax International AG and its subsidiaries are
cooperating fully with these investigations.
Sasol Wax International AG became a full subsidiary in the Sasol Group of
companies in 2002 when Sasol bought the remaining interest in the company from
its joint venture partner. Sasol became a joint venture party to Sasol Wax
International AG in 1995. In Sasol`s 2004 financial year, Sasol Wax had a
turnover of R3.9 billion and an operating profit of R270 million, representing
2.9% of Sasol`s operating profit.
Sasol, with a market capitalisation of approximately USD 16 billion, is an
integrated oil and gas group with substantial chemical interests. Based in South
Africa and operating in 15 other countries throughout the world, Sasol is the
leading provider of liquid fuels in South Africa and a major international
producer of chemicals, using a world leading technology for the commercial
production of synthetic fuels and chemicals from low grade coal. In the future
Sasol expects to apply this technology to convert natural gas to diesel and
chemicals. Sasol manufactures over 200 fuel and chemical products that are sold
in more than 90 countries and also operates coal mines to provide feedstock for
synthetic fuels and chemical plants. The company also manufactures and markets
synthesis gas and operates the only inland crude oil refinery in South Africa.
Internet address: www.sasol.com
Johannesburg
2 May 2005
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 03/05/2005 07:57:48 AM
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