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Sol - Sasol Limited - Amendment Of Settlement Agreement With Competition

Release Date: 19/05/2009 14:00:03      Code(s): SOL
SOL - Sasol Limited - Amendment Of Settlement Agreement With Competition        
                        Commission                                              
Sasol Limited                                                                   
(Incorporated in South Africa)                                                  
Registration number: 1979/003231/06                                             
ISIN Code: ZAE000006896                                                         
JSE Code: SOL                                                                   
NYSE Code: SSL                                                                  
("Sasol")                                                                       
Amendment of Settlement Agreement with Competition Commission                   
Since the previously announced Settlement Agreement was concluded with the      
Competition Commission ("the Commission") in respect of competition law         
contraventions in the fertilizer and phosphoric acid businesses of Sasol Nitro, 
Sasol has continued its internal investigations. It is only now after intensive 
repeat interviews with employees and former employees that additional new       
information relevant to one of the previously announced contraventions in the   
fertilizer business has been uncovered. Sasol tendered the information to the   
Commission as soon as it was verified, in line with its commitment to co-operate
with the Commission.                                                            
In view of the new information Sasol tendered an amendment to the Settlement    
Agreement to expand the scope of the admissions that Sasol made in respect of   
the anti-competitive conduct in the fertilizer industry. The Commission agreed  
to the amendments, but indicated that the amendment would require an increase in
the administrative fine that Sasol agrees to pay in terms of the settlement     
agreement from R188,01 million to R250,68 million. The information changed the  
Commission`s view of the nature and seriousness of one of the matters covered by
the settlement agreement. The Settlement Agreement was amended yesterday to     
reflect these changes and submitted to the Competition Tribunal for             
confirmation. The application for confirmation of the Settlement Agreement will 
be heard by the Competition Tribunal tomorrow, Wednesday 20 May 2009.           
19 May 2009                                                                     
Johannesburg                                                                    
Issued by Sponsor: Deutsche Securities (SA) (Pty) Limited                       
Disclaimer - Forward looking statements                                         
In this announcement we make certain statements that are not historical         
facts and relate to analyses and other information which are based on           
forecasts of future results and estimates of amounts not yet determinable.      
These statements may also relate to our future prospects, developments and      
business strategies.  Examples of such forward-looking statements include,      
but are not limited to, statements regarding exchange rate fluctuations, volume 
growth, increases in market share, total shareholder return and cost reductions.
Words such as "believe", "anticipate", "expect", "intend", "seek", "will",      
"plan", "could", "may", "endeavour" 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 the predictions, forecasts, projections and other      
forward-looking statements will not be achieved.  If one or more of these risks 
materialise, or should underlying assumptions prove incorrect, our actual       
results may differ materially from those anticipated. You should understand that
a number of important factors could cause actual results to differ materially   
from the plans, objectives, expectations, estimates and intentions expressed in 
such forward-looking statements.  These factors are discussed more fully in our 
most recent annual report under the Securities Exchange Act of 1934 on Form 20-F
filed on 7 October 2008 and in other filings with the United States Securities  
and Exchange Commission. The list of factors discussed therein is not           
exhaustive; when relying on forward-looking statements to make investment       
decisions, you should carefully consider both these factors and other           
uncertainties and events. 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: 19/05/2009 14:00:03 Supplied by www.sharenet.co.za                     
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