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Sasol Limited - Optimisation Of Annual Financial Statements

Release Date: 24/06/2016 12:47:00      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?, ?Group? or ?the Company?)



Optimisation of Annual Financial Statements - SENS Announcement

Dear Stakeholder,

Since the implementation of our new operating model in 2014, we have
optimised and integrated our operations along a single value chain and
streamlined our processes and ways of working. To reflect the new
operating model and bring greater focus and increased simplicity to
how Sasol is structured and managed, we have overhauled our Annual
Financial Statements (AFS) to better reflect the way the business is
managed and improve shareholder accessibility and understanding of our
financial results. We have also purposefully focused on the disclosure
of material items to assist with clarity, as well as removing
duplicate disclosures.

The new structure of the AFS will align with the Report of the Group
Chief Financial Officer, and together will provide a full overview of
the results, in the context of our business strategy, while enabling
more effective analysis of the Group?s performance. This change in the
AFS is also in line with global trends in financial reporting, which
have been signaled over recent months by industry bodies and
authorities to improve financial reporting in simpler, more accessible
formats for shareholders.

The AFS has been re-organised and will be presented along the
following focus areas:

   - Earnings ? focuses on earnings generated from our operations and
     taxation;
   - Sources of Capital ? funding our business through equity and
     debt;
   - Capital allocation and utilisation ? investments and effective
     capital management to fuel future growth;
   - Provisions and reserves; and
   - Other disclosures ? financial risk management and mandatory
     disclosures required by the regulators.

Simultaneously, we are also implementing an Early Reporting project
with the objective of releasing our 2017 financial results two weeks
earlier into the market. The streamlined AFS will assist us in meeting
the earlier reporting timelines and integrate the Analyst Book into
one publication.

A template with the restructured AFS has been developed to assist
shareholders and readers to familiarise themselves with the new
format, prior to publication in September 2016. This unaudited
template is available for download from our Investor Centre on the
Company?s website at http://www.sasol.com/investor-
centre/reporting/annual-financial-statements/new-template

Important to note is that the template is subject to change as we
finalise the results for financial year 2016. The template includes
previously disclosed financial information pertaining to financial
years 2014 and 2015. The AFS for financial year 2016 will be available
in this format when we release our results early in September 2016.

Queries and further questions regarding the new and optimised
structure of the Annual Financial Statements shown in the template,
can be directed to Sasol Investor Relations at
investor.relations@sasol.com, or by calling +27 11 441 3113.


24 June 2016

Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 24/06/2016 12:47:00 Supplied by www.sharenet.co.za                     
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