Tracetec and the Competition Commission of South Africa’s application for leave to appeal dismissed by the Supreme Court of Appeal of South Africa

Tracker?s Chief Executive Officer, Alan Hutcheson

Following the Competition Appeal Court’s ruling on the 15th February 2011 setting a finding against Tracker aside in relation to alleged anti-competitive conduct under section 4(1)(a) of the Competition Act in the vehicle tracking industry, both the Comp

We are delighted by the outcome, which clearly indicates that Tracker did not breach any provisions of the Competition Act. The Supreme Court of Appeal's decision confirms that neither Tracker nor its co-accused were guilty of any anti-competitive behaviour whatsoever. We are appreciative of our robust judicial system which has, once again, proven its devotion to the law.

We would like to thank all our staff, shareholders, partners, suppliers and customers for the unwavering support and faith they have shown in us during this period of uncertainty. “We can now return our full attention to what matters most to us - the business of protecting lives, creating value for our customers and helping to ‘Take back tomorrow’ for all South Africans,” says Tracker’s Chief Executive Officer, Alan Hutcheson.