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Sasol Limited - Sasol President And Ceo To Transition Into An Advisory Role In July 2016

Release Date: 08/06/2015 09:30:00      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")

Sasol President and CEO to transition into an advisory role in
July 2016

Sasol today announced that its President and CEO, David
Constable, has decided not to extend his contract of employment
with the Company, which expires on 31 May 2016, for a further
term beyond 30 June 2016, being the end of the Company?s next
financial year.

With the board?s support, Mr Constable initiated an extensive
business performance enhancement programme, and drove the
Company?s growth ambitions in Southern Africa and North
America. To support Sasol?s mega-projects, the board has agreed
that a special advisory services agreement be entered into with
Mr Constable for the 2017 financial year.

"When David was appointed in 2011, he prioritised a reduction
in organisational complexity and drove an ambitious growth
programme. Coupled with global socio-economic challenges, we
required a leader with a long-term view to ensure the Company?s
sustained competitive advantage," said Dr Mandla Gantsho,
Sasol?s Chairman.

Dr Gantsho added: ?The board has a detailed succession plan and
structured process in place for the position of the President
and CEO of the Company. With twelve months at our disposal, I?m
confident that the groundwork we initiated some time ago will
enable the board to identify and appoint an accomplished leader
who is best-suited to take Sasol to the next level. Further
announcements in this regard will follow in the new financial
year.?

?Looking back, I could never have imagined that my time at
Sasol would pass so quickly and be filled with so many exciting
milestones. It has been an extraordinary experience working
with a supportive board, a dedicated management team, and
committed colleagues and partners. I am very proud of the
progress we have made together towards our goal of ensuring
Sasol?s long-term sustainability and success. As I close out
the final twelve months of my tenure, I look forward to driving
the Company?s 2016 financial year priorities, as we embed the
group-wide change programme we embarked upon four years ago,?
said Mr Constable.
8 June 2015
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited


Disclaimer - Forward-looking statements: Sasol may, in this document, 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 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. 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 29
September 2014 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: 08/06/2015 09:30:00 Supplied by www.sharenet.co.za                     
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