SASOL LIMITED - Repurchase of Sasol shares by Sasol from the Sasol Inzalo Employee Scheme and the Sasol Inzalo Management Scheme

Repurchase of Sasol shares by Sasol from the Sasol Inzalo Employee Scheme and the Sasol Inzalo Management Scheme

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")


REPURCHASE OF SASOL SHARES BY SASOL FROM THE SASOL INZALO EMPLOYEE SCHEME
AND THE SASOL INZALO MANAGEMENT SCHEME (COLLECTIVELY “INZALO EMPLOYEE
SCHEMES”)

1.     Resolutions in relation to the treatment of the Sasol ordinary shares (SOL Shares) held by the
       Inzalo Employee Schemes at the end of these schemes were passed at a general meeting of
       ordinary shareholders of Sasol held on 16 May 2008. In accordance with these resolutions and
       depending on the SOL Share price prior to the end of the Inzalo Employee Schemes on 4 June
       2018, Sasol was entitled to repurchase some or all of the SOL Shares held by the Inzalo
       Employee Scheme trusts in accordance with the provisions of the Inzalo Employee Scheme trust
       deeds. The Inzalo Employee Scheme trusts together held 25 231 686 SOL Shares.

2.     Sasol exercised its rights of repurchase under the Inzalo Employee Schemes trust deeds on
       4 June 2018 by repurchasing 25 231 686 SOL Shares from the Inzalo Employee Schemes, at a
       nominal value of R0,01 per share (the Specific Repurchase). Accordingly, the Inzalo Employee
       Schemes ceased to hold any SOL Shares and consequently the relevant vested participants in
       the Inzalo Employee Schemes will receive no distribution of SOL Shares.

3.     The effect of the Specific Repurchase is that SOL Shares representing 3,9% of Sasol’s total
       issued share capital before the Specific Repurchase, have been cancelled and restored to
       Sasol’s authorised ordinary share capital with effect from 4 June 2018. After the cancellation,
       Sasol will have 623 066 479 SOL Shares in issue.

4.     Sasol has applied for the delisting of the SOL Shares from the JSE with effect from Thursday,
       07 June 2018. The acquisition will have no financial effect on Sasol or its shareholders, other
       than in respect of Specific Repurchase costs that are normally incurred in transactions of this
       nature. The financial effect of the Specific Repurchase on Sasol’s earnings per share, headline
       earnings per share, net asset value per share and net tangible asset value per share will be
       confined to the cost of the sponsor fee, the legal fees, the taxes levied by the South African
       Revenue Services and the JSE documentation fee which are considered negligible. The Specific
       Repurchase has been funded out of Sasol’s existing reserves resulting in a reduction of
       contributed tax capital.

Sandton
5 June 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

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