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Sasol Limited - Results Of The Annual General Meeting Of Sasol Held On 25 November 2016

Release Date: 25/11/2016 16:00:00      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 25 November 2016

Sasol shareholders are advised that the results of the business conducted at
the annual general meeting held on Friday, 25 November 2016 at the Hyatt
Regency Hotel, 191 Oxford Road, Rosebank, Johannesburg, South Africa are as
follows:

     - As at 18 November 2016, being the Voting Record Date, the total number of
       Sasol?s shares in issue is 670 965 276.
     - As at the Voting Record, the total number of Sasol?s shares in issue
       excluding 8 809 886 treasury shares, being those ordinary shares which
       are not entitled to vote at the annual general meeting, is 662 155
       390(?Total Votable Shares?).
     - The total number of shares in the share capital of Sasol voted in person
       or by proxy was 545 472 960, being 81% of Sasol?s issued share capital
       and 82% of the Total Votable Shares.

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 2016 were presented.

2.    Mr C Beggs, Mr H G Dijkgraaf, Mr M J N Njeke, Mr B Nqwababa 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:

                                    Total shares voted                 Shares
                                                                       abstained
       Directors       For (%)   Against (%)   Number          %(1)    %(1)
       C Beggs         99,96     0,04          545 052   360   81,23   0,06
       H G Dijkgraaf   99,94     0,06          545 052   461   81,23   0,06
       M J N Njeke     98,38     1,62          545 051   961   81,23   0,06
       B Nqwababa      99,96     0,04          545 051   803   81,23   0,06
       P J Robertson   99,97     0,03          545 053   264   81,23   0,06

3.    Mr S R Cornell, Mr M J Cuambe and Mr P Victor 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:
                                     Total shares voted                 Shares
                                                                        abstained
     Directors        For (%)     Against (%)   Number          %(1)    %(1)
     S R Cornell      99,96       0,04          545 058 824     81,24   0,06
     M J Cuambe       99,96       0,04          545 059 952     81,24   0,06
     P Victor         99,96       0,04          545 058 729     81,24   0,06

4.   PricewaterhouseCoopers Incorporated was automatically re-appointed as the
     independent auditor of the Company until the next annual general meeting in
     terms of section 90(6) of the Companies Act, 2008 (?the Act?) and it was
     noted that Mr Pieter Hough would be the individual registered auditor who
     would undertake the audit of the Company for the financial year ending
     30 June 2017.

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
     financial year ending 30 June 2017 in terms of sections 94(4) and 94(5) of
     the Act, read with Regulation 42 of the Companies Regulations, 2011:

                                     Total shares voted                 Shares
                                                                        abstained
     Directors        For (%)     Against (%)   Number          %(1)    %(1)
     C Beggs          99,45       0,55          545 059   750   81,24   0,06
     N N A Matyumza   99,96       0,04          545 060   617   81,24   0,06
     I N Mkhize       99,07       0,93          542 433   992   80,84   0,06
     M J N Njeke      98,57       1,43          545 058   974   81,24   0,06
     S Westwell       99,63       0,37          545 060   642   81,24   0,06

6.   Advisory endorsement on the Company?s remuneration policy for the year
     ending 30 June 2017 was obtained:

                   Total shares voted                 Shares
                                                      abstained
     For (%)    Against (%)     Number        %(1)    %(1)
     90,93      9,07            544 323 369   81,13   0,17

7.   Special resolution number 1 approving the adoption of a share incentive
     scheme for the benefit of employees of the Sasol group, the Sasol Long-Term
     Incentive Plan, was approved:

                   Total shares voted                 Shares
                                                      abstained
     For (%)    Against (%)     Number        %(1)    %(1)
     96,02      3,98            519 682 006   77,45   0,09

8.   Special resolution number 2 to place 32 500 000 Sasol ordinary shares under
     the control of the directors and to authorise the directors to issue such
     number of Sasol ordinary shares under the rules of the Sasol Long-Term
     Incentive Plan was approved:

                  Total shares voted                Shares
                                                    abstained
     For (%)    Against (%)   Number        %(1)    %(1)
     95,19      4,81          519 700 421   77,46   0,08

9.   Special Resolution number 3 approving the remuneration payable by the
     Company to non-executive directors of the Company for their services as
     directors with effect from 1 July 2016, was approved:

                  Total shares voted                Shares
                                                    abstained
     For (%)    Against (%)   Number        %(1)    %(1)
     95,48      4,52          544 771 665   81,19   0,10

10. Special Resolution number 4 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 (or
    any person or persons to whom the Board has delegated the power to approve
    recipients of the financial assistance), including participants as defined
    in the Rules of the Sasol Long-Term Incentive Plan and direct or indirect
    financial assistance to related companies or their directors and prescribed
    officers for any purpose in the normal course of business of the Sasol
    group or in relation to existing black economic empowerment transactions,
    and to a director or prescribed officer of the Company or of a related
    company under the rules of the Sasol Long-Term Incentive Plan, at any time
    during a period of two years following the date on which this resolution
    was passed, was approved:

                  Total shares voted                Shares
                                                    abstained
     For (%)    Against (%)   Number        %(1)    %(1)
     96,64      3,36          545 020 556   81,23   0,07

11. Special Resolution number 5 approving the introduction of a new fraction
    entitlement principle, which will result in all allocations of securities
    being rounded down to the nearest whole number and a cash payment to be
    paid for the fraction at beneficial owner level, was approved:

                  Total shares voted                Shares
                                                    abstained
     For (%)    Against (%)   Number        %(1)    %(1)
     99,99      0,01          545 009 951   81,23   0,07

12. Special Resolution number 6 approving that the term of non-executive
    directors who are elected by shareholders for the first time after 25
    November 2016, be limited to nine years, with the option for the Board to
   renew this term for one year at a time up to a maximum of 12 years, was
   approved:

                   Total shares voted               Shares
                                                    abstained
    For (%)    Against (%)    Number        %(1)    %(1)
    99,85      0,15           545 012 118   81,23   0,07


13. Special Resolution number 7 approving the deletion of clause 23.1.12 of the
    MOI of the Company in its entirety and thereby removing the retirement age
    of 70 years for directors, was approved:

                   Total shares voted               Shares
                                                    abstained
    For (%)    Against (%)    Number        %(1)    %(1)
    99,18      0,82           545 018 011   81,23   0,07

14. Special Resolution number 8 authorising the Board to approve the
    acquisition of the Company?s ordinary shares by the Company or by any of
    its subsidiaries, by way of a general repurchase, up to and including the
    date of the next annual general meeting of the Company, was approved:

                   Total shares voted               Shares
                                                    abstained
    For (%)    Against (%)    Number        %(1)    %(1)
    96,53      3,47           519 509 754   77,43   0,11

15. Special Resolution number 9 authorising the Board to approve the
    inadvertent acquisition by the Company of its shares from a director and/or
    a prescribed officer, and/or a person related to any of them when a general
    repurchase by the Company of the Company?s shares takes place in accordance
    with this resolution, was approved:

                   Total shares voted               Shares
                                                    abstained
    For (%)    Against (%)    Number        %(1)    %(1)
    99,58      0,42           516 837 238   77,03   0,12


Notes:
 (1) Expressed as a percentage of 670 965 276 Sasol shares in issue as at the
       Voting Record Date of 18 November 2016.


25 November 2016
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 25/11/2016 04:00:00 Supplied by www.sharenet.co.za                     
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