4 June 2001
SASOL'S REACTION TO STATEMENTS MADE BY EXEL PETROLEUM
Following a report in a local daily newspaper today under the heading "Exel
stalks 25% stake in Sasol", Sasol takes this opportunity to correct the
Sasol is not in discussion with Exel Petroleum about the possible
acquisition by them of a 25% stake in the Sasol group. No discussions
whatsoever had been held in this regard.
Reference in the report to "Sasol's envisaged listing on the New York and
London stock exchanges" was completely unfounded and out of context. It
remains the privilege of Sasol and not a third party, to communicate on such
substantial matters concerning its business. As reported previously, Sasol
is monitoring activities and, depending on the group's financing
requirements, may consider a co-listing on an overseas exchange at some
stage in the future.
Trevor Munday, executive director of Sasol Limited, said: "Sasol remains
committed to facilitating 25% black ownership in its fuels business by 2010,
as outlined in the Black Economic Empowerment Charter signed by members of
the South African Petroleum Industry".
Contact person: Alfonso Niemand