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SOL - Sasol Limited - Sasol announces progressive dividend policy

Release Date: 07/06/2010 16:16:43      Code(s): SOL
SOL - Sasol Limited - Sasol announces progressive dividend policy               
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" or "the Group")                                       
Sasol announces progressive dividend policy                                     
At the onset of the global economic crisis, Sasol made the decision to          
conserve cash and strengthen its balance sheet. Following a substantial drop    
in earnings in the 2009 financial year and a bleak, uncertain economic          
outlook, the Group decided to reduce the 2009 dividend in line with the         
reduction in earnings.  Taking into consideration overall improved market and   
economic conditions, the strength of its balance sheet and current capital      
investment plans, the Group has decided to resume an approach consistent with   
its long-term track record of dividend growth as a key component of adding      
shareholder value.  As a result the board of directors ("the Board") has        
decided to adopt a progressive dividend policy, as stated below:                
It is Sasol`s intention to maintain and/or grow dividends over time in line     
with the Group`s anticipated sustainable growth in earnings, barring            
significant economic variables such as fluctuations in the oil price and        
exchange rates. When deciding on dividends, the Board will also take into       
consideration several factors including the prevailing circumstances of the     
company, future investment plans, financial performance and the trading and     
macro economic environments.                                                    
Sasol Chief Executive Pat Davies highlighted the Group`s focus on total         
shareholder return and its progressive dividend policy as complementary to      
Sasol`s approach to building value for shareholders over time.                  
"Sasol manages for the long term, and a consistent return of value to           
shareholders through increasing dividend payments allows us to return cash to   
investors while remaining well positioned to fund investment opportunities.     
The Group`s growth plans and project pipeline remains robust, supported by the  
strength of our balance sheet and strong cash generation. The Board`s approval  
of a progressive dividend policy therefore underpins our confidence in the      
value that Sasol consistently delivers," Davies said.                           
7 June 2010                                                                     
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Disclaimer - Forward-looking statements                                         
In this document 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 9 October 2009 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: 07/06/2010 16:16:43 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          

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