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Sasol Limited - Results Of The Annual General Meeting Of Sasol Held On 21 November 2014

Release Date: 21/11/2014 16:45:00      Code(s): SOL SOLBE1     
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?)


RESULTS OF THE ANNUAL GENERAL MEETING OF SASOL HELD ON 21 NOVEMBER 2014

Sasol shareholders are advised that the results of the business conducted at
the annual general meeting held on Friday, 21 November 2014 at the Hyatt
Regency Hotel, 191 Oxford Road, Rosebank, Johannesburg, South Africa are as
follows:

     - Total number of Sasol?s ordinary shares in issue is 679 172 662;
     - Total number of Sasol?s ordinary shares in issue excluding 8 809 886
       shares, being those ordinary shares which are not entitled to vote at the
       annual general meeting, is 670 362 776(?Total Votable Ordinary Shares?);
     - Total number of ordinary shares in the share capital of Sasol voted in
       person or by proxy was 501 814 969, being 74.86% of the Total Votable
       Ordinary Shares;
     - The total number of shares that abstained from voting did not exceed
       2.31% of the total issued share capital.

1.    Annual general meeting

1.1. The audited annual financial statements of the Company and of the Sasol
group, including the reports of the directors, external auditors, audit
committee and the nomination, governance, social and ethics committee for the
financial year ended 30 June 2014 were presented.

1.2. Mr C Beggs, Mr D E Constable, Mr H G Dijkgraaf, Mr Z M Mkhize and Mr P J
Robertson retired by rotation at the meeting in terms of clause 22.2.1 of the
Company?s Memorandum of Incorporation (?Sasol?s MOI?) and were re-elected
individually for a further term of office:

Directors             For(1)        Against(1)     Abstain(1)    Shares voted
C Beggs               498,446,850   79,437 being   3,286,082     501,812,369
                      being         0.02%          being 0.65%   being 100%
                      99.33%
D E Constable         498,471,525   52,825 being   3,288,019     501,812,369
                      being         0.01%          being 0.66%   being 100%
                      99.33%
H G Dijkgraaf         491,844,633   52,107 being   3,286,264     495,183,004
                      being         0.01%          being 0.66%   being 100%
                      99.33%
Z M Mkhize            497,466,461   1,059,290      3,289,218     501,814,969
                      being         being 0.21%    being 0.66%   being 100%
                      99.13%
P J Robertson         498,483,734   42,286 being   3,286,349     501,812,369
                      being         0.01%          being 0.65%   being 100%
                      99.34%

1.3. Mr B Nqwababa and Ms N N A Matyumza were appointed by the Sasol board of
directors (?Board?) in terms of clause 22.4.1 of Sasol?s MOI during the course
of the year, they retired at the annual general meeting and were elected for a
further term:

Directors           For(1)         Against(1)     Abstain(1)    Shares voted
B Nqwababa          498,441,521    82,978 being   3,290,470     501,814,969
                    being          0.02%          being 0.66%   being 100%
                    99.33%
N N A Matyumza      498,473,484    51,020 being   3,287,165     501,811,669
                    being          0.01%          being 0.66%   being 100%
                    99.33%

1.4. PricewaterhouseCoopers Incorporated was re-appointed as the independent
auditor of the Company until the next annual general meeting and it was noted
that Mr Pieter Hough will be the individual registered auditor who will
undertake the audit of the Company for the financial year ending 30 June 2015.

1.5. The members of the audit committee, Mr C Beggs, Ms N N A Matyumza, Ms I N
Mkhize, Mr M J N Njeke and Mr S Westwell were elected individually for the
ensuing financial year in terms of sections 94(4) and 94(5) of the Companies
Act, 2008 (?the Act?), read with Regulation 42 of the Companies Regulations,
2011:

Directors           For(1)          Against(1)    Abstain(1)     Shares voted
C Beggs             498,369,520     68,401        3,374,448      501,812,369
                    being 99.31%    being 0.01%   being 0.67%    being 100%
N N A Matyumza      445,143,137     30,508        3,371,126      448,544,771
                    being 99.24%    being 0.01%   being 0.75%    being 100%
I N Mkhize          498,302,600     144,198       3,364,621      501,811,419
                    being 99.30%    being 0.03%   being 0.67%    being 100%
M J N Njeke         432,527,678     12,641,348    3,375,756      448,544,782
                    being 96.43%    being 2.82%   being 0.75%    being 100%
S Westwell          498,293,623     144,662       3,373,834      501,812,119
                    being 99.30%    being 0.03%   being 0.67%    being 100%

1.6. A non-binding advisory endorsement on the Company?s remuneration policy
for the year ending 30 June 2015 was obtained:

For(1)              Against(1)            Abstain(1)            Shares voted
381,837,632 being   50,961,513 being      15,746,337 being      448,545,482
85.13%              11.36%                3.51%                 being 100%

1.7. Special Resolution number 1 approving the revised annual remuneration
payable by the Company to non-executive directors of the Company for their
services as directors with effect from 1 July 2014, was approved:

For(1)              Against(1)            Abstain(1)            Shares voted
483,461,746 being   17,833,840 being      515,833 being         501,811,419 being
96.34%              3.55%                 0.10%                 100%
1.8. Special Resolution number 2 to authorise the Board, subject to compliance
with the requirements of Sasol?s MOI, section 44 and 45 of the Act and the JSE
Limited Listings Requirements (?Listings Requirements?), to approve the
granting of financial assistance to any person approved by the Board and
direct or indirect financial assistance to a related or inter-related company
or corporation, and/or member of such related or inter-related company or
corporation, and/or director or prescribed officer of the Company or of a
related or inter-related company, and/or to a person related to any such
company, corporation, member, director or prescribed officer, for any purpose
in the normal course of business of the Sasol group, including any black
economic empowerment transaction, at any time during a period of two years
following the date on which this resolution was passed:

For(1)              Against(1)           Abstain(1)          Shares voted
433,366,547 being   14,644,581 being     533,654 being       448,544,782 being
96.62%              3.26%                0.12%               100%

1.9. Special Resolution number 3 to approve the amendments to sub clauses
26.3, 26.4 and 26.5 of Sasol?s MOI was passed:

For(1)              Against(1)           Abstain(1)          Shares voted
447,950,863 being   53,316,293 being     544,863 being       501,812,019 being
89.27%              10.62%               0.11%               100%

1.10. Special Resolution number 4 to approve the amendment to sub clause
29.4.2 of Sasol?s MOI was passed:

For(1)              Against(1)           Abstain(1)          Shares voted
501,209,819 being   43,275 being 0.01%   559,275 being       501,812,369 being
99.88%                                   0.11%               100%

1.11. Special Resolution number 5 to authorise the Board to approve the
general repurchase by the Company or purchase by any of its subsidiaries of
any of its subsidiaries, of any of the Company?s ordinary shares and/or Sasol
BEE ordinary shares was passed:

For(1)              Against(1)           Abstain(1)          Shares voted
415,776,225 being   6,858,652 being      678,669 being       423,313,546 being
98.22%              1.62%                0.16%               100%

1.12. Special Resolution number 6 to authorise the Board to approve, when any
general repurchase by Company takes place in accordance with special
resolution number 5, the purchase by the Company of its issued shares from a
director and/or a prescribed officer of the Company, and/or person related to
a director or prescribed officer of the Company was passed:

For(1)              Against(1)           Abstain(1)          Shares voted
475,797,371 being   253,925 being        529,387 being       476,580,672 being
99.84%              0.05%                0.11%               100%

Notes:
 (1) The votes carried for and against, and abstained for each individual
       resolution are disclosed as a percentage in relation to the total number
      of Sasol ordinary shares voted, whether in person or by proxy, in
      respect of such individual resolution at the annual general meeting.

Special resolutions number 3 and 4 regarding the amendments of Sasol?s MOI
will be filed with the Companies and Intellectual Property Commission.

21 November 2014
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 21/11/2014 04:45:00 Supplied by www.sharenet.co.za                     
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