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SOL - Sasol Limited - Sasol announces the completion of the Acquisition of a 50% participation interest in the Montney Shale Basin in Canada 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 ANNOUNCES THE COMPLETION OF THE ACQUISITION OF A 50% PARTICIPATION INTEREST IN THE MONTNEY SHALE BASIN IN CANADA Shareholders of Sasol are referred to the SENS announcement released on 20 December 2010 regarding the proposed acquisition by Sasol of a 50% strategic interest in the high quality Farrell Creek Assets from Talisman Energy Inc. for a total purchase consideration of CAD$1 050 million (ZAR7 549 million at the closing CAD/ZAR exchange rate of 7,19 on 28 February 2011) with effect from 1 January 2011 (the "Transaction"). The Transaction was subject to various suspensive conditions referred to in the announcement released on SENS on 20 December 2010. Sasol shareholders are advised that all the suspensive conditions to the Transaction have been fulfilled and that the Transaction closed on 1 March 2011 ("the closing date"). The final aggregate consideration amounts to CAD$1 025 million (ZAR7 369 million at the closing CAD/ZAR exchange rate of 7,19 on 28 February 2011) and comprises an initial purchase price for the Farrell Creek Assets of CAD$237 million (ZAR1 704 million), which was paid in cash on the closing date, and CAD$788 million (ZAR5 665 million) in the form of a commitment to fund 75% of Talisman`s 50% portion of certain future development costs to further develop the Farrell Creek Assets until such time that the aggregate purchase consideration has been paid in full. Johannesburg 2 March 2011 Exclusive Financial advisor Morgan Stanley & Co Legal advisor Fraser, Milner & Casgrain Sponsor Deutsche Securities (SA) (Pty) Limited Morgan Stanley & Co and its affiliates are acting as independent financial advisor to Sasol Limited and no one else in connection with the transaction and will not be responsible to anyone other than Sasol Limited for providing the protections afforded to the clients of Morgan Stanley & Co nor for providing advice in relation to the transaction, the contents of this announcement or any other matter referred to herein. Date: 02/03/2011 07:05:27 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
