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Sasol Further Cautionary Announcement

Release Date: 15/09/1999 17:06:11      Code(s): SOL SOLD
SASOL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 79/03231/06)
("SASOL")
FURTHER CAUTIONARY ANNOUNCEMENT
FURTHER TO THE CAUTIONARY ANNOUNCEMENT BY SASOL ON 8 MARCH 1999 AND TO SASOL'S
FURTHER CAUTIONARY ANNOUNCEMENTS OF 15 MARCH 1999 AND 30 JUNE 1999, IN WHICH
THE DISCUSSIONS AND THE SIGNING OF THE MEMORANDUM OF UNDERSTANDING BETWEEN
SASOL AND PETROLIAM NASIONAL BERHAD ("PETRONAS") OF MALAYSIA RESPECTIVELY WERE
SET OUT, SASOL ANNOUNCES THAT, IN THE INTERIM, SASOL AND PETRONAS HAVE ALSO
ENTERED INTO DISCUSSIONS WITH TOTAL SOUTH AFRICA (PTY) LIMITED ("TOTAL")
CONCERNING SASOL. PETRONAS AND TOTAL ("THE PARTIES") EXPLORING POSSIBILITIES OF
CO-OPERATION IN, AND REALISING SYNERGIES OF, THEIR RESPECTIVE SOUTH AFRICAN
CRUDE OIL REFINING AND SUPPLY BUSINESSES.
PURSUANT TO THESE DISCUSSIONS, THE PARTIES SIGNED A MEMORANDUM OF UNDERSTANDING
ON 14 SEPTEMBER 1999 ("THE SEPTEMBER MOU") WHICH GOVERNS THE DISCUSSIONS
BETWEEN THE PARTIES.
THE SEPTEMBER MOU ALLOWS FOR THE PARTIES TO COMMENCE NEGOTIATIONS AS SOON AS
POSSIBLE IN ORDER TO FORMALISE DEFINITIVE AGREEMENTS. IT IS NOT EXPECTED THAT
THESE NEGOTIATIONS WILL BE FINALISED AND DEFINITIVE AGREEMENTS CONCLUDED BEFORE
THE END OF DECEMBER 1999.
DEFINITIVE AGREEMENTS ARISING OUT OF THE SEPTEMBER MOU SHALL BE SUBJECT TO THE
APPROVAL OF THE PARTIES' RESPECTIVE BOARDS AND/OR SHAREHOLDERS, ANY OTHER AND
THE REGULATORY AUTHORITIES CONCERNED.
DEFINITIVE AGREEMENTS ENTERED INTO PURSUANT TO THE SEPTEMBER MOU MAY HAVE AN
EFFECT ON THE PRICE OF SASOL SHARES AND DEBENTURES ("SASOL SECURITIES") AND,
ACCORDINGLY, SASOL SHAREHOLDERS AND DEBENTURE HOLDERS ARE ADVISED TO EXERCISE
CAUTION WHEN DEALING IN THEIR SASOL SECURITIES UNTIL A FURTHER CAUTIONARY
ANNOUNCEMENT IS MADE.
JOHANNESBURG
15 SEPTEMBER 1999



                                        
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