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Sol - Sasol - Listing Of Sasol Bee Ordinary Shares On The Bee Segment Of The

Release Date: 26/01/2011 14:00:01      Code(s): SOL
SOL - Sasol - Listing Of Sasol Bee Ordinary Shares on the Bee Segment of the    
Exchange operated by JSE Limited ("JSE")                                        
(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")                                                      
LISTING OF SASOL BEE ORDINARY SHARES ON THE BEE SEGMENT OF THE EXCHANGE OPERATED
BY JSE LIMITED ("JSE")                                                          
1. Incorporation of Sasol                                                       
    Sasol was incorporated under the laws of South Africa on 26 June 1979. The  
Sasol ordinary shares have been listed on the JSE since October 1979 and on 
    the New York Stock Exchange since 9 April 2003.                             
2. Nature of Sasol`s business                                                   
    Sasol is an integrated energy and chemicals company. The Company            
manufactures and markets liquid fuels, gas and chemicals. Sasol mines coal  
    in South Africa. Through Sasol Synfuels (Proprietary) Limited, this coal,   
    along with Mozambican natural gas, is converted into fuels and chemicals    
    feedstock using proprietary technology.                                     
3. Listing of Sasol BEE Ordinary Shares on the BEE Segment of the Main Board of 
the JSE                                                                         
    Shareholders of Sasol ("Sasol Shareholders") are advised that the JSE       
    Listings Requirements ("Listings Requirements") dealing with the            
requirements of the BEE segment of the Main Board ("BEE Segment") have been 
    formally approved and will become effective from 1 February 2011. The       
    Listings Requirements which were approved do not differ in any material     
    respects from the draft Listings Requirements which were referred to in the 
Sasol circular dated 1 November 2010 (the "Circular"). However, the JSE     
    rules and directives and the rules and directives of Strate Limited         
    (collectively, "Proposed New Rules and Directives") are yet to be formally  
    approved and subject to such formal approval, it is anticipated that the    
Sasol BEE ordinary shares of no par value ("Sasol BEE Ordinary Shares")     
    will be listed on the BEE Segment with effect from the commencement of      
    trading on Monday, 7 February 2011.                                         
    The purchase of Sasol BEE Ordinary Shares on the BEE Segment will be        
restricted  the Broad-Based Black Economic Empowerment Act, 2003 ("BEE      
    Compliant Persons").                                                        
    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 Rules and Directives are formally approved.          
4. BEE Segment                                                                  
    The Sasol BEE Ordinary Shares will be listed on the BEE Segment under the   
    JSE alpha code "SOLBE1" and the ISIN "ZAE000151817". The BEE Segment will   
be a sector of the Main Board on which securities that meet the Listings    
    Requirements and whose transfer is restricted to BEE Compliant Persons will 
    be listed ("BEE Securities"). This will not be a separate board for the     
    listing of companies, but rather a trading mechanism for BEE Securities.    
The Main Board operates on the principle that there are no restrictions on  
    the transfer of shares. The BEE Segment will differ in that purchases of    
    BEE Securities will be restricted to BEE Compliant Persons.                 
5. BEE contract                                                                 
The JSE will prescribe, as part of its JSE rules and directives, and        
    Listings Requirements, that a BEE contract be signed by those who wish to   
    purchase Sasol BEE Ordinary Shares ("BEE Contract"). The BEE Contract is a  
    generic contract which has been designed to make provision for all issuers  
of BEE Securities who may list their BEE Securities on the BEE Segment, to  
    achieve the requirement that BEE Securities are beneficially owned only by  
    BEE Compliant Persons. The terms contained in the BEE Contract must be read 
    with the Additional Terms contained in Sasol`s Articles of Association.     
These Additional Terms form an integral part of the BEE Contract and        
    provide specific information with respect to Sasol`s empowerment period,    
    the conditions under which Sasol allows encumbrances and the penalty that   
    will apply if a provision of the BEE Contract is breached.                  
6. Bulk dematerialisation                                                       
    The JSE does not permit trading in securities which are in certificated     
    form, but requires them to be in dematerialised form. At the general        
    meeting held on 26 November 2010, Sasol Shareholders approved appropriate   
resolutions for the implementation of the bulk dematerialisation of Sasol   
    BEE Ordinary Shares necessary for trading on the JSE. Holders of Sasol BEE  
    Ordinary Shares ("Sasol BEE Ordinary Shareholders") representing less than  
    0.33% of the Sasol BEE Ordinary Shareholders elected not to participate in  
the bulk dematerialisation and will retain their shareholding in            
    certificated form.                                                          
7. The directors                                                                
    The directors of Sasol are Mrs T H Nyasulu, Mr L P A Davies, Ms V N Fakude, 
Ms K C Ramon, Mr M J N Njeke, Mr C Beggs, Mr G A Lewin, Mr H G Dijkgraaf,Dr 
    M S V Gantsho, Ms I N Mkhize and Prof J E Schrempp. The address where the   
    directors may be contacted is 1 Sturdee Avenue, Rosebank, Johannesburg,     
    2196.                                                                       
8. The Circular                                                                 
    The Circular setting out the full terms and conditions of the listing of    
    the Sasol BEE Ordinary Shares and their trading on the BEE Segment by BEE   
    Compliant Persons is available on Sasol`s website (www.sasol.com).          
Johannesburg                                                                    
26 January 2010                                                                 
Financial Adviser and Sponsor                                                   
Deutsche Securities (SA) (Proprietary) Limited                                  
Attorneys                                                                       
Edward Nathan Sonnenbergs Inc.                                                  
Transfer Secretaries                                                            
Computershare Investor Services (Proprietary) Limited                           
Date: 26/01/2011 14:00:01 Supplied by www.sharenet.co.za                     
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