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Sasol Limited - General Meeting Of Shareholders To Authorise A Specific

Release Date: 07/09/2006 16:43:05      Code(s): SOL
     Sasol Limited - General meeting of shareholders to authorise a specific    
                       repurchase                                               
     Sasol Limited                                                              
(Incorporated in South Africa)                                             
     (Registration number: 1979/003231/06)                                      
     ISIN Code: ZAE000006896                                                    
     Share Code: SOL                                                            
NYSE Code: SSL                                                             
     ("Sasol" or "the Company")                                                 
     General meeting of shareholders to authorise a specific repurchase by Sasol
     of its own ordinary shares held by a wholly-owned subsidiary               
A circular will be posted to shareholders on 11 September 2006, including a
     notice convening a general meeting to be held at 09:00 on Tuesday, 3       
     October 2006 at the Sasol Limited Auditorium, 1 Sturdee Avenue, Rosebank,  
     Johannesburg for the purpose of considering, and if deemed fit, passing a  
special resolution to implement a specific repurchase of shares as set out 
     below.                                                                     
     1. Introduction and rationale for the specific repurchase                  
     Sasol Investment Company (Proprietary) Limited ("Sasol Investment Company")
acquired ordinary shares in Sasol between 2000 and 2004 pursuant to general
     authorities granted to Sasol by its ordinary shareholders. Currently, Sasol
     Investment Company owns a total of 60 111 477 Sasol shares ("treasury      
     shares"), constituting approximately 8,8% of the entire ordinary issued    
share capital of Sasol.                                                    
     Subject to the passing of the requisite special resolution, Sasol will     
     repurchase the treasury shares from Sasol Investment Company following     
     which, they will be cancelled as issued shares and restored to the status  
of authorised shares.  The repurchase of the treasury shares will be       
     implemented in order to create additional capacity for Sasol to purchase a 
     further 10% of its own shares.                                             
     2. The specific repurchase                                                 
Sasol and Sasol Investment Company entered into a share acquisition and    
     disposal agreement on 31 August 2006. In terms of that agreement, Sasol    
     will, subject to the approval of Sasol ordinary shareholders, acquire the  
     treasury shares from Sasol Investment Company. The acquisition will occur  
on or about 6 October 2006. The shares will be acquired at market value and
     cancelled upon acquisition.                                                
     As the specific repurchase is intra-group, it will have no financial effect
     on Sasol or its shareholders, other than in respect of transaction costs,  
including uncertificated securities tax, that are normally incurred in     
     transactions of this nature.                                               
     3. Conditions                                                              
     The repurchase is subject to the passing at the general meeting referred to
above, of a special resolution necessary to implement the repurchase and   
     the subsequent registration thereof by the Registrar of Companies. In terms
     of the Listings Requirements of the JSE Limited and the provisions of the  
     Companies Act, 61 of 1973, Sasol Investment Company will be excluded from  
voting at the general meeting.                                             
     Shareholders will also be requested to pass a special resolution granting a
     general authority for Sasol and/or its subsidiaries to purchase its        
     ordinary shares up to a maximum of 10% of the issued share capital of      
Sasol.                                                                     
     Rosebank                                                                   
     7 September 2006                                                           
     Sponsor                                                                    
Deutsche Securities (SA) (Proprietary) Limited                             
     Corporate Law Advisers                                                     
     Edward Nathan (Proprietary) Limited                                        
Date: 07/09/2006 04:43:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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