Tassal Limited - s.87B undertaking

In proceeding No. T2 of 2003 in the Federal Court of Australia, Tasmania District Registry, Tassal Limited admitted that it made and gave effect to an arrangement or understanding that would be likely to have the effect of controlling or maintaining the price of atlantic salmon, in that in February 2002 it made an arrangement with its competitors to limit the supply of atlantic salmon by grading out stock that would otherwise reach the market, and subsequently graded out 70 tonnes in partial fulfilment of its obligation. Pursuant to this undertaking Tassal will implement a Trade Practices training program for relevant staff.