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SOL - Sasol Limited - Sasol announces the completion of the Acquisition of a 50%

Release Date: 02/03/2011 07:05:27      Code(s): SOL SOLBE1
SOL - Sasol Limited - Sasol announces the completion of the Acquisition of a 50%
participation interest in the Montney Shale Basin in Canada                     
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
Sasol Ordinary Share codes:        JSE :  SOL          NYSE :  SSL              
Sasol Ordinary ISIN codes:         ZAE000006896        US8038663006             
Sasol BEE Ordinary Share code:     JSE :  SOLBE1                                
Sasol BEE Ordinary ISIN code:      ZAE000151817                                 
("Sasol" or "the Company")                                                      
INTEREST IN THE MONTNEY SHALE BASIN IN CANADA                                   
Shareholders of Sasol are referred to the SENS announcement released on 20      
December 2010 regarding the proposed acquisition by Sasol of a 50% strategic    
interest in the high quality Farrell Creek Assets from Talisman Energy Inc. for 
a total purchase consideration of CAD$1 050 million (ZAR7 549 million at the    
closing CAD/ZAR exchange rate of 7,19 on 28 February 2011) with effect from 1   
January 2011 (the "Transaction").                                               
The Transaction was subject to various suspensive conditions referred to in the 
announcement released on SENS on 20 December 2010.  Sasol shareholders are      
advised that all the suspensive conditions to the Transaction have been         
fulfilled and that the Transaction closed on 1 March 2011 ("the closing date"). 
The final aggregate consideration amounts to CAD$1 025 million (ZAR7 369 million
at the closing CAD/ZAR exchange rate of 7,19 on 28 February 2011) and comprises 
an initial purchase price for the Farrell Creek Assets of CAD$237 million (ZAR1 
704 million), which was paid in cash on the closing date, and CAD$788 million   
(ZAR5 665 million) in the form of a commitment to fund 75% of Talisman`s 50%    
portion of certain future development costs to further develop the Farrell Creek
Assets until such time that the aggregate purchase consideration has been paid  
in full.                                                                        
2 March 2011                                                                    
Exclusive Financial advisor                                                     
Morgan Stanley & Co                                                             
Legal advisor                                                                   
Fraser, Milner & Casgrain                                                       
Deutsche Securities (SA) (Pty) Limited                                          
Morgan Stanley & Co and its affiliates are acting as independent financial      
advisor to Sasol Limited and no one else in connection with the transaction and 
will not be responsible to anyone other than Sasol Limited for providing the    
protections afforded to the clients of Morgan Stanley & Co nor for providing    
advice in relation to the transaction, the contents of this announcement or any 
other matter referred to herein.                                                
Date: 02/03/2011 07:05:27 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
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howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

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