SASOL LIMITED - Hedging of financial risks

Hedging of financial risks

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")

Hedging of financial risks

Sasol has a board-approved policy with respect to hedging of financial risks, which
allows the Company to mitigate specific risks and provide protection against
unforeseen movements in interest rates, currency movements, commodity and final
product prices.

During the course of the 2017 financial year, Sasol has entered into a number of
hedges to mitigate specific financial risks. In particular, we have entered into
hedges against the downside risk in the crude oil price to increase the stability
and predictability of our cash flows.

Sasol has entered into oil put options, for the second quarter of the financial
year ending 30 June 2017 (October 2016 to December 2016), which provide the Company
with an average Brent crude oil price floor of US$48,68 per barrel (net of costs)
for approximately 7,6 million barrels. Sasol has also entered into put options for
quarter three and a part of quarter four of financial year 2017 which provide the
Company with an average Brent crude oil price floor of US$47,06 per barrel (net of
costs) for approximately 16,8 million barrels.

We are currently reviewing other commodity and currency hedges and should we enter
into material hedges, an appropriate announcement will be made.


08 December 2016
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

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