Information Concerning JBS as Major Shareholder

Scott Technology Limited 
630 Kaikorai Valley Road 
Private Bag 1960 
Dunedin 9054 
New Zealand 
+64 3 478 8110
 www.scottautomation.com 
25 October 2019 
Listed Company Relations 
New Zealand Exchange Limited 
PO Box 2959 
Wellington 
Dear Sir/Madam 
R
E:    INFORMATION CONCERNING JBS AS MAJOR SHAREHOLDER 
The Overseas Investment Office (OIO) has reached settlement after investigating JBS Australia. 
Please  find  attached  the  media  release  from  the  Overseas  Investment  Office  in  relation  to  the  settlement 
entered into between OIO and JBS as a shareholder in Scott Technology Limited. 
Although the settlement does not directly involve Scott Technology it is important that all shareholders have 
the information as publicly released by the OIO. 
Yours faithfully 
Chris C Hopkins 
Managing Director 
021 815 975 
About Scott 
At Scott we automate the future. The production line machinery we design and build deliver productivity gains 
and exceptional reliability to many of the world’s leading manufacturers. We also go a step beyond engineering 
production solutions to actually revolutionising entire industries – using robotics to automate manual processes 
and create genuine competitive advantage.  
For over 100 years Scott has looked to tomorrow and rapidly responded to shifting needs. Today, we have 
production bases in the United States, Belgium, Czech Republic, France, Germany, China, Australia and New 
Zealand, customers in 88 countries, and a real commitment to developing new technology and bringing it to 
market. Across everything we do you will discover true quality, advanced engineering and a renowned design 
aesthetic.  
Scott. Quality that lasts. Quality that inspires.

Media Statement

25 October 2019

Overseas Investment Office reaches
settlement after investigating JBS
Australia
The Overseas Investment Office (OIO) has settled an investigation into JBS
Australia’s links to Brazilian corruption allegations.
JBS Australia obtained OIO consent in 2016 to acquire a majority interest in NZX
listed Dunedin company Scott Technology Limited.
OIO Group Manager Vanessa Horne says the conditions of consent required
certain people, including Joesley and Wesley Batista, to remain of good
character.
“The good character condition is designed to ensure overseas persons investing
in sensitive New Zealand assets are unlikely to act inappropriately or bring New
Zealand into disrepute,” Ms Horne says.
“Joesley and Wesley Batista are major shareholders and used to hold senior
executive and governance roles in JBS Australia’s Brazilian parent company.
“The OIO began investigating JBS Australia in 2017 after becoming aware the
Batistas had admitted to bribing public officials in Brazil.
“The corrupt actions took place offshore and we’re satisfied that Scott
Technology’s New Zealand employees and investors were not put at risk.”
Ms Horne says the OIO concluded that Joesley and Wesley Batista are no longer
of good character.
However, the OIO also concluded the Batistas are no longer exercising control
over JBS Australia or its investment in Scott Technology.
“The OIO required JBS Australia to provide certain assurances regarding its
control of Scott Technology, by ensuring at least half of Scott Technology’s board
of directors (excluding the Managing Director) are independent.
“The OIO may take stricter measures if Joesley or Wesley Batista assume any
control over JBS Australia in the future. This could include asking JBS Australia
to sell its shares in Scott Technology.
“These arrangements, among others, give us confidence that neither Scott
Technology nor its other shareholders will be negatively impacted by the corrupt
actions of the Batistas.”

“The outcome of our investigation into JBS Australia is in line with our
enforcement strategy, which requires the OIO to consider whether it is in the
public interest to take enforcement proceedings.
“We’re satisfied JBS Australia is meeting its other consent conditions, including
delivering benefits to New Zealand from its investment in Scott Technology. JBS
Australia cooperated fully with the OIO’s investigation.”
Ends

Media Contact:
Sam Duff
Ph: 027 311 4752