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SOL - Sasol - Sasol hedges about 30% (oil equivalent) of its South African

Release Date: 08/03/2011 17:39:00      Code(s): SOL SOLBE1
SOL - Sasol - Sasol hedges about 30% (oil equivalent) of its South African      
synthetic fuels and West African crude oil production                           
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")                                                      
Sasol hedges about 30% (oil equivalent) of its South African synthetic          
fuels and West African crude oil production                                     
Sasol announces that it has entered into hedging transactions (zero cost        
collars) for 4,56 million barrels of oil (equivalent to circa 30% of its        
planned South African synfuels and West African crude oil production for        
the final quarter of the 2011 financial year). The zero cost collars expire     
on 15 June 2011.                                                                
The hedge will provide downside protection should monthly average dated         
Brent crude oil prices decrease below US$85 per barrel (put level) on the       
hedged portion of production. Conversely, Sasol will incur opportunity          
losses on the hedged portion of production should monthly average oil           
prices exceed a volume weighted average US$172.77 per barrel (call level).      
Call levels between US$170 per barrel and US$175 per barrel were entered        
Sasol assesses the appropriateness of oil price hedging continuously and        
periodically enters into hedging transactions to improve the stability and      
predictability of cash flows as part of its risk management activities.         
8 March 2011                                                                    
Deutsche Securities (SA) (Pty) Limited                                          
Forward-looking statement - Disclaimer:                                         
Sasol may, in this announcement, 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, resource volumes and values 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. Some of 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 28 September 2010 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: 08/03/2011 17:39:00 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          

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