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Sol - Sasol Limited - Results Of The Annual General Meeting And General Meeting

Release Date: 26/11/2010 13:06:39      Code(s): SOL
SOL - Sasol Limited - Results of the Annual General Meeting and General Meeting 
of Sasol Held on 26 November 2010                                               
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 THE ANNUAL GENERAL MEETING AND GENERAL MEETING OF SASOL HELD ON      
26 NOVEMBER 2010                                                                
Sasol shareholders are advised that the results of the business conducted at the
annual general meeting and general meeting, held immediately after the          
conclusion of the annual general meeting on Friday 26 November 2010 in Hyde     
Park, Johannesburg, South Africa (including the percentage of total number of   
shares voted) are as follows:                                                   
Annual general meeting                                                          
1.1. The annual financial statements of the Company, including the reports of   
the directors, audit committee and auditors for the year ended 30 June 2010 were
accepted and adopted.                                                           
1.2. Mr L P A Davies, Dr M S V Gantsho, Mrs T H Nyasulu and Ms K C Ramon 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 ("Sasol`s Articles"):                                               
Directors           For                Against             Abstain              
L P A Davies        99.75%             0.13%               0.12%                
M S V Gantsho       99.83%             0.05%               0.12%                
T H Nyasulu         99.08%             0.80%               0.12%                
K C Ramon           99.75%             0.13%               0.12%                
Mr A Jain retired as a non-executive director of the Company with effect from   
today, 26  November 2010.  Messrs B P Connellan and T A Wixley will retire as   
non-executive directors of the Company with effect from 1 January 2011.         
1.3. The two directors appointed by the board of directors of Sasol ("the       
Board") during the course of the calendar year, Mss V N Fakude and I N Mkhize   
retired at the annual general meeting, but were elected individually for a      
further term of office in terms of Article 75(i) of Sasol`s Articles:           
Directors           For                Against             Abstain              
V N Fakude          98.19%             1.69%               0.12%                
I N Mkhize          98.19%             1.69%               0.12%                
1.4. The director appointed by the Board during the course of the calendar year,
Mr G A Lewin retired at the annual general meeting, but was elected for a       
further term of office in terms of Sasol`s Articles:                            
Directors           For                Against             Abstain              
G A Lewin           99.83%             0.05%               0.12%                
1.5. 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   
the Mr C H Basson would be the individual registered auditor who will undertake 
the audit of the Company for the financial year ending 30 June 2011.            
1.6. Special Resolution number 1 to authorise the directors of the Company, in  
terms of the authority granted in Article 36(a) of Sasol`s Articles, 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                                 
99.72%              0.01%               0.26%                                   
1.7. Special Resolution number 2 to amend Sasol`s Articles by the insertion of a
new article 86(i) to enable the directors of the Company to remove a director by
majority vote as recommended by the King Code of Governance principles for South
Africa, was approved:                                                           
For                 Against             Abstain                                 
99.75%              0.15%               0.10%                                   
1.8. Ordinary Resolution number 1 to obtain a non-binding advisory vote by      
shareholders on the Company`s remuneration policy for the year ending           
30 June 2011 as contained in the annual financial statements was approved:      
For                 Against             Abstain                                 
94.01%              5.89%               0.10%                                   
1.9. Ordinary Resolution number 2 approving the revised annual emoluments       
payable by the Company or subsidiaries of the Company with effect from          
1 July 2010 to non-executive directors of the Company was approved:             
For                 Against             Abstain                                 
93.36%              6.53%               0.10%                                   
General meeting                                                                 
2.1. Special Resolution number 1 amending Sasol`s Articles to provide for the   
insertion of new definitions was approved:                                      
For                 Against             Abstain                                 
99.79%              0.02%               0.19%                                   
2.2.  Special Resolution number 2 amending Sasol`s Articles to provide for the  
bulk dematerialisation of Sasol BEE Ordinary Shares ("Bulk Dematerialisation")  
was approved:                                                                   
For                 Against             Abstain                                 
99.80%              0.02%               0.18%                                   
2.3. Special Resolution number 3 amending Sasol`s Articles to provide for the   
continued application of the contracts currently applicable in respect of Sasol 
BEE Ordinary Shares that are not dematerialised pursuant to the Bulk            
Dematerialisation, was approved:                                                
For                 Against             Abstain                                 
99.75%              0.02%               0.24%                                   
2.4. Ordinary Resolution number 1 authorising the Transfers Secretaries to      
replace the share certificates of those Sasol Shareholders who elect to continue
to hold their Sasol BEE Ordinary Shares in certificated form and to issue       
instead new share certificates reflecting the new alpha code and International  
Securities Identification Number was approved:                                  
For                 Against             Abstain                                 
99.86%              0.02%               0.12%                                   
2.5. Special Resolution number 4 amending Sasol`s Articles to incorporate those 
terms specific to the Sasol BEE Ordinary Shares which will form part of and must
be read as if contained in the generic BEE contract applicable to shares listed 
on the proposed BEE Segment of the exchange operated by JSE Limited ("JSE")     
("the BEE Segment"), was approved:                                              
For                 Against             Abstain                                 
99.74%              0.02%               0.25%                                   
2.6. Special Resolution number 5 amending Sasol`s Articles to revise the rights,
privileges and restrictions applicable to the Sasol BEE Ordinary Shares so as to
allow the holding of such shares either in certificated or dematerialised form  
and to take account of the listing on the proposed BEE Segment, was approved:   
For                 Against             Abstain                                 
99.92%              0.02%               0.07%                                   
2.7. Special Resolution number 6 amending Sasol`s Articles to provide for the   
contracts applicable to holders of Sasol BEE Ordinary Shares depending on       
whether they hold their shares in certificated or dematerialised form and       
granting the necessary authorities to enable dematerialisation to occur, was    
approved:                                                                       
For                 Against             Abstain                                 
99.92%              0.02%               0.07%                                   
2.8. Special Resolution number 7 amending Sasol`s Articles to provide for the   
limited circumstances in which the Company will be entitled to delist the Sasol 
BEE Ordinary Shares from the BEE Segment without shareholder approval, provided 
that it puts in place an alternative trading mechanism and provided further that
the JSE Listing Requirements so provide at the time, was approved:              
For                 Against             Abstain                                 
99.79%              0.02%               0.19%                                   
2.9. Special Resolution number 8 amending Sasol`s Articles to permit the release
by a Central Securities Depository Participant, broker and/or nominee company as
the case may be, of the contact details of any Sasol Shareholder to Sasol, was  
approved:                                                                       
For                 Against             Abstain                                 
99.91%              0.02%               0.07%                                   
2.10. Special Resolution number 9 approving the potential granting of financial 
assistance by the Company to the Sasol Inzalo Public Facilitation Trust to      
acquire Sasol BEE Ordinary Shares in certain cases mainly related to breaches of
the contracts applicable to the Sasol BEE Ordinary Shares, was approved:        
For                 Against             Abstain                                 
99.60%              0.26%               0.14%                                   
The special resolutions will be lodged with the Companies and Intellectual      
Property Registration Office for registration.                                  
Sasol elected to convene the general meeting knowing that the proposed          
amendments to the JSE`s rules and requirements and the proposed amendments to   
the Strate rules and directives ("Proposed New Requirements") have not yet been 
formally approved and understanding that as a result, if there are material     
changes, the JSE may request Sasol to issue a supplementary circular or         
additional announcement/s. Sasol also appreciates that until the Proposed New   
Requirements are approved, legally the JSE cannot approve the listing of the    
Sasol BEE Ordinary Shares on the BEE Segment. However, the JSE has indicated    
that it has no reason at this time to consider that there will be material      
changes to the Proposed New Requirements, and if there are no such changes, it  
will after the Proposed New Requirements have come into force, approve the      
listing of the Sasol BEE Ordinary Shares on the BEE Segment.                    
A further announcement will be made when the JSE formally approves the listing  
of the Sasol BEE Ordinary Shares on the BEE Segment and the necessary Proposed  
New Requirements are formally approved.                                         
26 November 2010                                                                
Johannesburg                                                                    
Financial Adviser and Sponsor                                                   
Deutsche Securities (SA) (Proprietary) Limited                                  
Attorneys                                                                       
Edward Nathan Sonnenbergs Inc.                                                  
Transfer Secretaries                                                            
Computershare Investor Services (Proprietary) Limited                           
Date: 26/11/2010 13:06:38 Supplied by www.sharenet.co.za                     
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