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SOL - Sasol Limited - Sasol hedges about 30% (oil equivalent) of its South

Release Date: 01/08/2008 12:10:02      Code(s): SOL
SOL - Sasol Limited - Sasol hedges about 30% (oil equivalent) of its South      
African synthetic fuels production                                              
Sasol Limited                                                                   
(Incorporated in South Africa)                                                  
(Registration number: 1979/003231/06)                                           
ISIN Code: ZAE000006896                                                         
Share Code: SOL                                                                 
NYSE Code: SSL                                                                  
Sasol hedges about 30% (oil equivalent) of its South African synthetic fuels    
Sasol has entered into hedging transactions (zero cost collars) for 16,425      
million barrels of oil (equivalent to about 30% of its planned South African    
synfuels production) for the remainder of the 2009 financial year.              
The hedge will provide downside protection should monthly average dated Brent   
crude oil prices decrease below US$90/ bbl (put level) on the hedged portion of 
synfuels production. Conversely, Sasol will incur opportunity losses on the     
hedged portion of production should monthly average oil prices exceed a volume  
weighted average US$228 / bbl (call level). The hedge has been executed over a  
four week period (commencing at the beginning of the new financial year, 1 July 
2008) and due to the volatility of the oil price, call levels between US$195 /  
bbl and US$253 / bbl were attained.                                             
Similar to the synfuels hedge Sasol also entered into zero cost collars for 550 
000 barrels of oil for its Sasol Petroleum International`s West African crude   
oil output (representing about 30% of planned net output for financial year     
2009). The levels attained were a put level of US$90 / bbl and a call level of  
US$240 / bbl.                                                                   
Sasol considers oil price hedging on an annual basis as part of its risk        
management activity.  In the light of very volatile oil prices, Sasol believes  
that the hedge that has been entered into will mitigate the risk of any         
substantial fall in oil prices.                                                 
Appropriate disclosure of these instruments will also be made in our 2008 annual
financial statements and Form 20-F.                                             
1 August 2008                                                                   
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Sasol 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    
registration statement under the Securities Exchange Act of 1934 on Form 20-F   
filed on 21 November 2007 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: 01/08/2008 12:10:02 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          

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