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Sasol Limited - Trading Update

Release Date: 06/06/2003 16:19:49      Code(s): SOL
Sasol Limited - Trading Update                                                  
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
(Isin: ZAE000006896)                                                            
Share codes:   JSE -  SOL                                                       
NYSE - SSL                                                                      
Sasol Limited Trading Update                                                    
In its Interim Profit Announcement published on 11 March 2003, Sasol advised    
that it was likely that attributable earnings for the full financial year ending
30 June 2003 would be less than those of the previous financial year.           
Reference was made to wide-spread uncertainty in global markets and the slowing 
down of the world"s major economies, as well as the unexpected further          
strengthening of the Rand. This made currency and profit forecasting complex.   
With respect to its chemicals portfolio, Sasol referred to some of these        
businesses being exposed to continuing margin pressures because of intense      
competition and higher energy-related feedstock costs.                          
Contrary to in-house expectations and those of many economists and financial    
institutions, the Rand continued to strengthen in each subsequent month through 
to end-May, with a corresponding adverse impact on trading revenues and         
translation effects.                                                            
Furthermore, chemical margins particularly in Europe and North America reduced  
to very low levels and, in some cases, caused losses.                           
Because of these factors, and consistent with the earlier announcement that     
earnings for the full financial year will be less than those of the previous    
year, Sasol hereby announces that on the basis of prevailing assumptions it     
anticipates its attributable Rand earnings to be of the order of 22% lower for  
the current financial year.                                                     
This forecast has been calculated using the same International Accounting       
Standards(IAS) used in the previous year.                                       
With respect to the dividend declaration, it is anticipated that the total      
dividend for the year ending 30 June 2003 will be the same as in the previous   
financial year, which will be within the Group"s targeted dividend cover range  
of 2,5 to 3,5.                                                                  
The Independent Accountants Report on the profit forecast is available for      
inspection at the offices of Sasol.                                             
Forward-looking statements disclaimer                                           
In this announcement we have made certain statements that are not historical    
facts and relate to analyses and other information based on forecasts of future 
results and estimates of amounts not yet determinable.  These are forward-      
looking statements as defined in the U.S. Private Securities Litigation Reform  
Act of 1995.  Words such as "believe", "expect", "will" and similar expressions 
are intended to identify such forward-looking statements, but are not the       
exclusive means of identifying such statements.                                 
By their very nature, forward-looking statements involve inherent risks and     
uncertainties, both general and specific, and there are risks that predictions, 
forecasts, projections and other forward-looking statements will not be         
achieved.  If one or more of these risks materialize, or should underlying      
assumptions prove incorrect, actual results may be very different from those    
anticipated.  The factors that could cause our actual results to differ         
materially from the plans, objectives, expectations, estimates and intentions   
expressed in such forward-looking statements are discussed more fully in our    
registration statement under the Securities Exchange Act of 1934 on Form 20-F   
filed on March 6, 2003 and in other filings with the United States Securities   
and Exchange Commission.  Forward-looking statements apply only as of the date  
on which they are made, and we do not undertake any obligation to update or     
revise any of them, whether as a result of new information, future events or    
otherwise                                                                       
Friday, June 6, 2003                                                            
Issued by: Sponsor                                                              
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 06/06/2003 04:19:52 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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