SASOL LIMITED - Announcement regarding date from which SOLBE1 election right may be exercised

Announcement regarding date from which SOLBE1 election right may be exercised

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")

ANNOUNCEMENT REGARDING DATE FROM WHICH SOLBE1 ELECTION RIGHT MAY BE EXERCISED
AND CONSEQUENCES OF NOT EXERCISING THE SOLBE1 ELECTION RIGHT

1.    We refer to the SENS announcement published on 29 January 2018 relating
      to the Election Right.


2.    The purpose of this announcement is to advise –


      2.1.   each SOLBE1 shareholder who is entitled to exercise the Election
             Right, that such SOLBE1 shareholder may do so from today, Wednesday,
             21 February 2018 but the last date and time by which the Election,
             if   exercised,   must    be   received     by     Computershare,    the    SOLBE1
             shareholder’s CSDP or broker is 12h00 on Thursday, 22 March 2018;


      2.2.   that should a SOLBE1 shareholder –


             2.2.1.    not exercise the Election Right during the period referred
                       to in paragraph 2.1;


             2.2.2.    have    disposed     of   or   dispose    of   some   of   such   SOLBE1
                       shareholder’s SOLBE1 Shares from Wednesday, 7 February
                       2018; or


             2.2.3.    have acquired SOLBE1 Shares from Wednesday, 7 February
                       2018;


             2.2.4.    have exercised the Election Right but the election is void
                       for any reason,


           such SOLBE1 shareholder will be unable to trade in such SOLBE1
           shareholder’s SOLBE1 Shares or remaining SOLBE1 Shares, as the case
           may be, from 17:00 on Monday, 26 March 2018 (“Last Day to Trade”)
           until 09:00 on Friday, 6 April 2018.   The reason for this is that
           the SOLBE1 Shares in question will automatically re-designate as
           SOL Shares on 5 April 2018 and the suspension in trading is required
           in order to enable the correct shareholders’ names to be on the
           SOLBE1 securities register on Thursday, 29 March 2018, being the
           record date for purposes of the re-designation (“Record Date”). It
           is those shareholders whose names are on the SOLBE1 securities
           register on the Record Date whose names will be transferred to the
           SOL securities register on 5 April 2018. It is those shareholders
           whose SOLBE1 Shares do not re-designate as SOL Shares whose names
           will reflect on the SOLBE1 securities register on Friday, 6 April
           2018 and who are therefore eligible to participate in the free share
           issue contemplated in paragraph 6 of the SOLBE1 Election Document
           which is being or has been dispatched to SOLBE1 Shareholders on the
           SOLBE1 securities register on 9 February 2018.

3.   The results of the exercise or non-exercise of the Election Right will be
     published on 29 March 2018.

4.   Important dates

     Last Day to Trade (the last day on    Monday, 26 March 2018
     which a SOLBE1 shareholder can
     transact (whether on or off-market)
     in SOLBE1 Shares in order to be on
     the SOLBE1 securities register on
     the Record Date)
     Suspension of trading in SOLBE1       Tuesday, 27 March 2018
     Shares
     Record Date                           Thursday, 29 March 2018
     Date on which SOLBE1 Shares in        Thursday, 5 April 2018
     respect of which an Election is not
     made, validly made, or cannot be
     made,   will   automatically    re-
     designate to SOL Shares
     CSDP and broker client accounts       Thursday, 5 April 2018
     where there are holdings of SOLBE1
     Shares for holders which have not
     exercised,    or     not    validly
     exercised, the Election to be
     updated to reflect the automatic
     re-designation of these holders’
     SOLBE1 Shares to SOL Shares.
      Lifting of suspension of trading in   09:00 on Friday, 6 April 2018
      SOLBE1 Shares from this date and
      time

21 February 2018
Johannesburg

Sponsor
Deutsche Securities (SA) Proprietary Limited

Sole Financial Advisor
Rothschild (South Africa) Proprietary Limited

Joint South African Legal Advisors
Edward Nathan Sonnenbergs Inc
Poswa Inc

US Legal Advisors
Shearman & Sterling

Date: 21/02/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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