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SASOL INZALO PUBLIC (RF) LIMITED - Potential Distribution, Suspension and Termination of Sasol Inzalo Public listing

Release Date: 29/08/2018 16:00
Code(s): SIPBEE     PDF:  
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Potential Distribution, Suspension and Termination of Sasol Inzalo Public listing

Sasol Inzalo Public (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/030646/06)
Sasol Inzalo Public Share code:     JSE: SIPBEE
Sasol Inzalo Public Ordinary ISIN code:        ZAE000210050
("Sasol Inzalo Public")

Potential Distribution, Suspension and Termination of Sasol Inzalo Public listing

Shareholders are referred to the announcement published on the Stock Exchange
News Service of the JSE (“SENS”) on Monday, 20 August 2018 wherein it was stated

-   Sasol Inzalo Public Funding (RF) Limited (“Fundco”), a wholly owned subsidiary
    of Sasol Inzalo Public, is obliged to redeem its A, B and C preference shares on
    the tenth anniversary of the issue date. This redemption will take place on
    Monday, 10 September 2018 together with payment of final dividends on these
    preference   shares.   The   aggregate   amount   required   for   this   purpose   is
    approximately R7,4 billion (the “Preference Share Debt”);

-   Fundco currently holds 16 085 199 Sasol preferred ordinary shares and is obliged
    to dispose of a sufficient number of these shares to Sasol Limited (“Sasol”) on
    Friday, 7 September 2018 in order to satisfy the Preference Share Debt. This
    disposal will take place at the 30 day volume weighted average price of a Sasol
    ordinary share (“30 day VWAP”) on Thursday, 6 September 2018;

-   Sasol has accepted the offer from Fundco to sell, for cash, to Sasol any Available
    Shares held by Fundco after settlement of the Preference Share Debt;

-   The cash arising from the sale to Sasol of any Available Shares will be
    distributed to Sasol Inzalo Public shareholders less a provision for expenses
    and taxes.
In terms of the JSE’s corporate action timetable requirements Sasol Inzalo Public
shareholders should note the following:

Event                                                                                 Date - 2018

Last day to trade in Sasol Inzalo Public securities                         Tuesday, 4 September
(SIPBEE shares)

Suspension of SIPBEE shares on the JSE trading system                      Wednesday, 5 September
at commencement of trade

Record date                                                                  Friday, 7 September

Announcement to be released recording all relevant                         Tuesday, 11 September
details around the payment (by 11h00)

Cash distribution, if any*                                                  Monday, 17 September

Termination of SIPBEE shares on the JSE trading                            Tuesday, 18 September
system at commencement of trade on**

*Shareholders were cautioned that if the 30 day VWAP on Thursday, 6 September 2018
is less than R462, Fundco will be obliged to sell all its Sasol preferred ordinary
shares in order to settle its Preference Share Debt and there will therefore be no
Available   Shares      and   accordingly    no    distribution   ultimately     to   Sasol   Inzalo

**Shareholders are informed that the change in the delisting date from Friday,
7 September 2018 (as mentioned in the announcement on Monday, 20 August 2018) to
Tuesday, 18 September 2018 is to allow for the distribution of cash before the
delisting   of    the   SIPBEE      shares   and   will   have   no   adverse   effect   on   SIPBEE

In   accordance    with       the   requirements     of    Strate,    no     dematerialisation    or
rematerialisation of SIPBEE shares will be possible from Wednesday, 5 September
2018 to Friday, 7 September 2018, both dates inclusive.

29 August 2018

Deutsche Securities (SA) Proprietary Limited

Sole Financial Advisor
Rothschild (South Africa) Proprietary Limited

South African Legal Advisors
Edward Nathan Sonnenbergs Inc
Poswa Inc.

Date: 29/08/2018 04:00:00 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.

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