SOL - Sasol Limited - Clarification of recent media reports Release Date: 27/07/2011 17:06:33 Code(s): SOL SOLBE1
SOL - Sasol Limited - Clarification of recent media reports
(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
Clarification of recent media reports
Recent media reports emanating from an interview with a managing director of a
Sasol subsidiary, Sasol Synfuels, may have created certain impressions which may
have been misleading. We will not respond to the reports in their entirety, but
wish to provide context to some of the statements made.
The reports state that Sasol expects to produce 7.3 million tons of product at
Sasol Synfuels for the 2012 financial year. In fact, 7.3 million tons refers to
the Sasol Synfuels baseline production capacity. Sasol Synfuels` growth
programme will improve volumes from this baseline. Sasol Synfuels has a growth
plan in place and we are focusing on implementing this programme, as opposed to
developing a new growth plan. Our growth plans remain on track.
The strike that is currently underway has had a negligible impact on the growth
programme. Production at the plant has already been ramped up and we continue to
monitor the situation.
27 July 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: 27/07/2011 17:06:33 Supplied by www.sharenet.co.za
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