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Sol - Sasol Limited - Replacement Of Announcement Sent At 14h00 - Listing Of

Release Date: 26/01/2011 16:07:50      Code(s): SOL
SOL - Sasol Limited - Replacement of announcement sent at 14h00 - Listing of    
Sasol BEE ordinary shares on the BEE segment of the exchange operated by JSE    
limited ("JSE")                                                                 
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")                                                      
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 to black groups and persons determined in accordance with the    
    Codes issued under 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 2011                                                                 
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 16:07:48 Supplied by www.sharenet.co.za                     
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