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Sasol announces modest hedging in respect of its exposure to the oil price

Release Date: 07/05/2004 15:23:28      Code(s): SOL
Sasol announces modest hedging in respect of its exposure to the oil price      
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
(ISIN: ZAE000006896)                                                            
JSE Share codes:  SOL                                                           
NYSE - SSL                                                                      
Sasol announces modest hedging in respect of its exposure to the oil price      
On 8 March 2004, at the release of Sasol"s interim results for the six months to
31 December 2003, our Chief Executive announced that Sasol was considering the  
potential for modest hedging in respect of its exposure to the oil price in     
order to improve the stability of cash flows. An analysis of this potential     
hedging strategy has been completed and, given the opportunity to hedge an      
element of Sasol Synfuels" income at the current relatively high oil prices, the
decision was taken to proceed. An amount of 30,000 barrels a day (equivalent to 
approximately 20% of Synfuels" production) for financial year 2004/05 has       
therefore been sold forward at a weighted average price of US$31.85. Appropriate
disclosure of this hedging will also be made in our 2004 annual report and Form 
7 May 2004                                                                      
Disclaimer - Sasol Limited We may in this document make 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", "anticipate", "expect", "intend", 
"seek", "will", "plan", "could", "may", "endeavor" and "project" 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.                          
Date: 07/05/2004 03:23:34 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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