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Sasol Limited Trading Update

Release Date: 28/11/2003 16:15:01      Code(s): SOL
Sasol Limited Trading Update                                                    
Sasol Limited ("Sasol")                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
(ISIN: ZAE000006896)                                                            
Share codes: JSE -  SOL                                                         
NYSE - SSL                                                                      
Sasol Limited Trading Update                                                    
When Sasol announced its financial results for the year ended 30 June 2003, it  
advised in its profit outlook that `a dominating influence on overall financial 
performance is expected from the rand"s relationships with major currencies. If 
the prevailing strength of the rand persists, it is unlikely that rand earnings 
in the new financial year will match those of the 2003 financial year".         
Since then the rand has strengthened considerably and for forecasting purposes  
is expected to remain at around existing levels in the forthcoming months. While
international oil prices have been slightly higher than expected, the resulting 
benefit to Sasol has been much less than the major adverse impact of the strong 
As a result, Sasol announces that its interim results for the six months ending 
31 December 2003, will be substantially lower than the comparable result of the 
previous financial year, partly also because of the weaker global trading       
conditions that transpired in the recent reporting period. Because of the strong
rand, the results for the full financial year ending 30 June 2004, are also     
expected to be substantially below those of the financial year ended 30 June    
Other than the currency impact, the operating performance of all businesses is  
considered to be satisfactory. Improvements in chemicals margins have not       
materialised to the extent envisaged. The Group"s capital expansion programme is
being managed within prevailing constraints and the gearing level is within the 
targeted range.                                                                 
This forecast has been calculated using the same International Accounting       
Standards(IAS) used in the previous year.                                       
The Independent Accountants Report on the profit forecast is available for      
inspection at the offices ofthe 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    
Annual Report under the Securities Exchange Act of 1934 on Form 20-F filed on   
October 27, 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, November 28, 2003                                                       
Issued by: Sponsor                                                              
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 28/11/2003 04:15:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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