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Sasol Limited - Sasol Responds To Joint Announcement Not To Appeal

Release Date: 13/03/2006 14:05:00      Code(s): SOL
Sasol Limited - Sasol responds to joint announcement not to appeal              
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
(ISIN: ZAE000006896)                                                            
Share codes:                                                                    
JSE - SOL                                                                       
NYSE - SSL                                                                      
("Sasol")                                                                       
Sasol responds to joint announcement not to appeal                              
Sasol refers its shareholders to the joint announcement today by Petronas,      
Sasol, Tshwarisano LFB Investment (Pty) Limited and Worldwide African Investment
Holdings.                                                                       
Although disappointed with the outcome and much of the commentary in the        
judgement published by the Competition Tribunal, Sasol respects the process and 
decision made relating to the proposed merger of its liquid fuels business with 
Engen.                                                                          
The business case and merits of this merger remain compelling in Sasol"s view.  
It is considered unfortunate that an opportunity to create a national fuel      
champion, in much the same way as other countries have their own (eg BP of the  
United Kingdom, Total of France, etc) in markets that are significantly larger  
than South Africa"s, has been lost.                                             
Pat Davies, Sasol CE, said: "The possibility of a protracted legal process going
forward through an appeal procedure was an important factor in Sasol reaching   
the decision, together with our partners, not to appeal against the Competition 
Tribunal ruling.  The competition law evaluation process applying to the        
proposed merger began in November 2004 and thus has already lasted about sixteen
months. This lengthy period has caused increasing uncertainty among the         
employees of the merging parties.  Sasol considers extending this uncertainty to
be untenable and potentially damaging to the interest of its liquid fuels       
business and its stakeholders."                                                 
Trevor Munday, Sasol Deputy CE, said: "In reaching this joint decision, which   
Sasol believes is in the interests of all stakeholders, Sasol wishes to thank   
and pay tribute to Petronas of Malaysia, and notably its President Tan Sri Dato 
Mohd Hassan Marican and senior members of Petronas management, for the          
transparent, friendly and business-like manner in which the negotiations of the 
proposed merger were held.  Petronas is both a strong supporter of South Africa 
and one of the country"s largest foreign investors and it has been a privilege  
for Sasol to have been closely associated with them through this process."      
Pat Davies added:  "Sasol also wishes to thank the promoters of its empowerment 
partner, Tshwarisano Investment (Pty) Limited, for their constructive engagement
in the proposed merger process.  Sasol is pleased that the relationship with    
Tshwarisano will continue in the future through its ownership position in       
Sasol"s liquid fuels business."                                                 
13 March 2006                                                                   
Johannesburg                                                                    
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Date: 13/03/2006 02:05:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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