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Sasol Proposed Amendment Of Mtn Programme Documentation

Release Date: 15/12/2000 08:39:37      Code(s): SOL SOLD
SASOL FINANCING (PROPRIETARY) LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1998/019838/07)
("SASOL FINANCING")
GUARANTEED BY
SASOL LIMITED
(REGISTRATION NUMBER 1979/003231/06)
("SASOL")
ZAR2 000 000 000 DOMESTIC MEDIUM-TERM NOTE PROGRAMME ("MTN PROGRAMME"):
PROPOSED AMENDMENT OF MTN PROGRAMME DOCUMENTATION
NOTEHOLDERS ARE HEREBY ADVISED OF A MEETING OF NOTEHOLDERS, CONVENED TO BE HELD
ON WEDNESDAY, 10 JANUARY 2001 AT 10:00 IN THE AUDITORIUM, LEVEL 1, SASOL
LIMITED, 1 STURDEE AVENUE, ROSEBANK 2196, SOUTH AFRICA, TO APPROVE AN AMENDMENT
TO THE NEGATIVE PLEDGE CLAUSE OF THE MTN PROGRAMME DOCUMENTATION, BEING
CONDITION 4 OF THE NOTES. IF THE EXTRAORDINARY RESOLUTION IS APPROVED, SASOL
WILL REMAIN SUBJECT TO A NEGATIVE PLEDGE WHICH WILL REQUIRE SASOL TO RETAIN AN
UNENCUMBERED ASSET BASE OF R15 BILLION FOR SO LONG AS ANY AMOUNT REMAINS
OUTSTANDING UNDER THE MTN PROGRAMME. IT WILL ENABLE SASOL TO UTILISE ASSETS
ACQUIRED OR TO BE ACQUIRED BY IT IN THE FUTURE, TO SECURE INDEBTEDNESS ARISING
FROM SUCH ACQUISITIONS.
A CIRCULAR CONTAINING FULL DETAILS OF THE PROPOSED EXTRAORDINARY RESOLUTION
INCLUDING THE NOTICE OF MEETING OF NOTEHOLDERS WILL BE MAILED TO NOTEHOLDERS
TODAY AND IS AVAILABLE FOR INSPECTION AT THE REGISTERED OFFICE OF SASOL
FINANCING AND THE AGENT. NOTEHOLDERS WHO ARE UNABLE TO ATTEND THE MEETING AND
WISH TO BE REPRESENTED THEREAT SHOULD DEPOSIT THEIR PROXY FORMS BY NO LATER
THAN 10:00 ON TUESDAY, 9 JANUARY 2001 AT THE AGENT.
BY ORDER OF THE BOARD
15 DECEMBER 2000
CORPORATE ADVISER
INVESTEC CORPORATE FINANCE
INVESTEC BANK LIMITED
(REGISTRATION NUMBER 1969/004763/06)
CO-ARRANGERS TO THE MTN PROGRAMME
INVESTEC SECURITIES LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NO. 1972/008905/06
SCMB
STANDARD CORPORATE AND MERCHANT BANK
(A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED)
(REGISTRATION NUMBER 1962/000738/06)
AGENT
MERCANTILE REGISTRARS LIMITED
REG. NO. 1987/003382/06
PAYING AGENT AND CALCULATION AGENT
MERCANTILE BANK LIMITED
(REGISTRATION NUMBER 1965/006706/06)
LEGAL ADVISERS TO SASOL AND SASOL FINANCING
BRINK COHEN LE ROUX & ROODT INC ATTORNEYS
(REGISTRATION NUMBER 93/04501/21)



                                        
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