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SOL/SOLBE1 - Sasol Limited - Confirmation of expected range of earnings per
share for the six months ended 31 December 2011
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")
Confirmation of expected range of earnings per share for the six months ended
31 December 2011
In a trading statement released on 23 November 2011, Sasol advised shareholders
that earnings per share (EPS) and headline earnings per share (HEPS) of the
group for the six months ended 31 December 2011 were estimated to increase by at
least 45% compared to the prior comparable period.
As previously stated, the expected increase in earnings was mainly due to solid
operational performance in our businesses, coupled with a strong improvement in
the average crude oil and product prices and a weaker rand/US dollar exchange
rate. In addition, the results have been positively impacted by exchange gains
on foreign exchange contracts. It was also highlighted that the results may be
impacted by further changes in oil and product prices, volume variances, the
impact of closing exchange rates on financial assets and liabilities, as well as
any adjustments, including possible impairments, resulting from our half year-
end closure process.
Sasol is now able to indicate that the increase in EPS and HEPS for the six
months ended 31 December 2011 is expected to be between 80% and 90% compared to
the prior comparable period. Our half-year closure process is currently in
progress and further adjustments may arise including re-measurement effects.
As previously stated, this trading statement only deals with the comparison to
the first half of the 2011 financial year. The higher earnings base of the
second half of the 2011 financial year will strongly influence a comparison of
the full 2012 financial year`s results with 2011. Guidance will be provided when
there is a reasonable degree of certainty in this regard.
Sasol`s financial results for the six months ended 31 December 2011 will be
announced on Monday, 12 March 2012.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s external auditors.
2 February 2012
Johannesburg
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
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 7 October 2011 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: 02/02/2012 10:10:14 Supplied by www.sharenet.co.za
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