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Sasfin Holdings Limited and Evraz Highveld Steel and Vanadium Limited dispute resolved

2016-03-17

Media statement

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Sasfin Holdings Limited and Evraz Highveld Steel and Vanadium Limited (Highveld) are pleased to announce that the dispute between Highveld against Sasfin - in respect of the break fee that Sasfin charged in terms of its discounting agreement - has been resolved.

Evraz's Business Rescue Practitioner confirms that, despite media articles to the contrary, Evraz's financial difficulties cannot in any way be blamed on the facilities extended by Sasfin to Evraz or Sasfin conduct.

Both Sasfin and Evraz are pleased that this matter is now resolved.

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ENDS

Issued on: 17 March, 2016

For media queries, please contact:

Cathryn Pearman Head: Marketing and Communications

E-mail:     Cathryn.Pearman@Sasfin.com

Tel:          (+27) (11) 809 7851

Cell:         (+27) (82) 923 3214 Post:       

PO Box 95104, Grant Park 2051 

Web:        www.sasfin.com

Sasfin Holdings Limited (“Sasfin” or “the Group” or “the Company”) is a bank-controlling company listed in the “Financials: Investment Services” sector of the JSE Limited (“the JSE”). Sasfin and its subsidiaries provide a wide range of complementary banking, financial and related services.