Proposed Acquisition by Times Publishing Limited of Penguin Random House Pte. Ltd. and Penguin Books Malaysia Sdn. Bhd.

2 October 2017

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Competition Law Case	Proposed Acquisition by Times Publishing Limited of Penguin Random House Pte. Ltd. and Penguin Books Malaysia Sdn. Bhd.
Parties Involved	Times Publishing Limited Penguin Group Companies
Focus of Commitments/ Remedies	To address concerns arising from the merger that the merged entity may foreclose competition at the retail level by discriminating or restricting supply to third party retailers. * Please direct any complaint in relation to non-compliance of the commitments to the appointed Monitoring Trustee, Evelyn Partners LLP (formerly known as Smith & Williamson LLP), via nasoul.gopal@evelyn.com and michel.alexander@evelyn.com
Start Date of Commitments/ Remedies	2 October 2017
End Date of Commitments/ Remedies	The commitments will apply during the term of the exclusive distribution agreement by the Penguin Group Companies with the four Penguin publishers up to a period of 12 years from 2 October 2017.