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Sol - Sasol Limited - Results Of Annual General Meeting And Update On

Release Date: 27/11/2009 13:43:26      Code(s): SOL
SOL - Sasol Limited - Results Of Annual General Meeting And Update On           
                        Competition Law Compliance Review                       
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
Share codes:          JSE : SOL           NYSE : SSL                            
ISIN codes:           ZAE000006896        US8038663006                          
("Sasol" or "the Company")                                                      
RESULTS OF ANNUAL GENERAL MEETING AND UPDATE ON COMPETITION LAW COMPLIANCE      
REVIEW                                                                          
Sasol shareholders are advised that the results of the business conducted at the
annual general meeting of Sasol held today, Friday 27 November 2009 in          
Bryanston, South Africa (including the percentage of total number of shares     
voted) are as follows:                                                          
1. The financial statements of the Company as well as the reports of the        
directors and auditors for the year ended 30 June 2009 were accepted and        
adopted.                                                                        
2. Messrs B P Connellan, H G Dijkgraaf, T A Wixley, Ms V N Fakude and           
I N Mkhize retired by rotation at the meeting and were re-elected individually  
for a further term of office in terms of Articles 75(d) and 75(e) of the        
Company`s Articles of Association:                                              
Directors           For                Against             Abstain              
B P Connellan       98.51%             1.44%               0.05%                
H G Dijkgraaf       99.90%             0.05%               0.05%                
V N Fakude          99.90%             0.05%               0.05%                
I N Mkhize          99.76%             0.10%               0.14%                
T A Wixley          99.90%             0.05%               0.05%                
3. The two directors appointed by the board of directors of Sasol during the    
course of the calendar year, Messrs C Beggs and M J N Njeke retired at the      
annual general meeting, but were elected individually for a further term of     
office in terms of Article 75(h) of the Company`s Articles of Association:      
Directors           For                Against             Abstain              
C Beggs             99.90%             0.05%               0.05%                
M J N Njeke         99.82              0.13%               0.05%                
4. KPMG Incorporated was automatically re-appointed as auditors of the Company  
until the conclusion of the next annual general meeting and it was noted that Mr
A W van der Lith would be the individual registered auditor who will undertake  
the audit of the Company for the financial year ending 30 June 2010.            
5. Special Resolution number 1 to authorise the directors of the Company, in    
terms of the authority granted in Article 36(a) of the Company`s Articles of    
Association, to approve the general repurchase by the Company, or by any of its 
subsidiaries, of the Company`s ordinary shares, subject to the provisions of the
Companies Act of 1973, as amended, and subject to the rules and requirements of 
the JSE Listings Requirements, was approved:                                    
For                 Against             Abstain                                 
99.11%              0.85%               0.05%                                   
6. Ordinary Resolution number 1 approving the revised annual emoluments payable 
by the Company or subsidiaries of the Company with effect from                  
1 July 2009 to non-executive directors of the Company was approved:             
For                 Against             Abstain                                 
98.59%              1.34%               0.07%                                   
The special resolution will be lodged with the Companies and Intellectual       
Property Registration Office for registration.                                  
Competition law compliance review                                               
The following statement was made by the Company at the annual general meeting:  
During the course of the past year the Company has made several announcements   
with respect to competition law matters including the review of Sasol and its   
subsidiaries` ("the Sasol Group") competition law compliance.                   
The board of directors of Sasol ("the Board") regrets instances of collusion    
that occurred in the Sasol Wax GmbH and Sasol Nitro businesses and endorses     
executive management`s unequivocal apology to all stakeholders.  Legal          
compliance in general and competition law compliance specifically remain a      
priority focus area of Sasol`s executive management and the Board.              
Sasol announced on 19 January 2009 that Sasol`s executive management team had,  
in July 2008, launched a comprehensive competition law compliance review of all 
Sasol business units.  It was further announced that the Board, on              
recommendation of Sasol`s executive management, was also launching its own      
independent competition law compliance review ("Board Review").                 
The Board Review has now been completed and the Board has mandated executive    
group management to further enhance Sasol`s competition law compliance processes
and systems. The Board supports the remedial steps being taken and, further,    
believes that the implementation of these measures will augment the competition 
law compliance processes of the Sasol Group.                                    
There are matters that remain subject to investigation. As previously announced 
the South African Competition Commission has initiated investigations in respect
of some of the industries in which Sasol participates.  As and when appropriate,
management will make further announcements in respect of material matters.      
27 November 2009                                                                
Johannesburg                                                                    
Issued by Sponsor:  Deutsche Securities (SA) (Pty) Limited                      
Date: 27/11/2009 13:43:25 Supplied by www.sharenet.co.za                     
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