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SASOL LIMITED - Dealings in Securities by Directors of Sasol and Directors of Major Subsidiaries of Sasol

Release Date: 05/11/2019 17:30
Code(s): SOL SOLBE1     PDF:  
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Dealings in Securities by Directors of Sasol and Directors of Major Subsidiaries of Sasol

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 “Company”)

DEALINGS IN SECURITIES BY DIRECTORS OF SASOL AND DIRECTORS OF MAJOR SUBSIDIARIES OF SASOL

In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), Sasol hereby announces that directors of Sasol, and directors of major subsidiaries of Sasol
have, in terms of the Sasol Long-Term Incentive Plan (“Plan”), been issued shares in terms of previously
accepted LTI grants made to them in 2016 that have partly vested at the achievement of corporate
performance targets at 47% (GEC) and 68,2% (SVP and lower) respectively. The balance of the award made
in 2016, will vest in 2021 subject to the rules of the Plan. Participants have the option to retain all shares, sell
sufficient shares to cover the tax liability and retain the balance of shares or to sell the vested shares. The
dealings are as set out below.

 Vesting date:                               30 October 2019
 Class of shares:                            Sasol ordinary shares
 Initial issue price per right:              R0,00
 Nature of Transaction:                      Retention of vested shares off-market
 Nature and extent of interest:              Direct beneficial

 Surname and           Designation           Company                     Number of      Price per     Total value of
 initials                                                                   shares          share    the transaction
                                                                                            (ZAR)              (ZAR)
 Baijnath, B           Director              Sasol South Africa              2 991         285,15        852 883,65
                                             Limited
 Grobler, F R          Director              Sasol Limited                   2 941        285,15         838 626,15
 Khoele, G             Director              Sasol Oil (Pty) Ltd               914        285,15         260 627,10
 Nqwababa, B1          Director              Sasol Limited                   9 587        285,15       2 733 733,05

 Radebe, M             Director              Sasol Oil (Pty) Ltd             2 876        285,15         820 091,40
 Solomon, M            Director              Sasol South Africa              1 043        285,15         297 411,45
                                             Limited
 Victor, P             Director              Sasol Limited                   7 190        285,15       2 050 228,50
                                             Sasol (USA) Corporation
                                             Sasol Oil (Pty) Ltd
 Vilakazi, PM3         Director              Sasol Oil (Pty) Ltd             1 374        285,15         391 796.10

 Vesting date:                                30 October 2019
 Transaction dates:                           30 October 2019 to 1 November 2019
 Class of shares:                             Sasol ordinary shares
 Initial issue price per right:               R0,00
 Nature of Transaction:                       Sale of vested shares on-market
 Nature and extent of interest:               Direct beneficial

 Surname and         Designation              Company                                       Number            Average            Total value of
 initials                                                                                of shares            Selling           the transaction
                                                                                                            Price per                     (ZAR)
                                                                                                                share
                                                                                                               (ZAR)*
    Baijnath, B        Director               Sasol South Africa                             2 598             285,15               740 819,70
                                              Limited
    Booley, T          Director               Sasol South Africa                             2 662             285,15               759 069,30
                                              Limited
                                              Sasol Oil (Pty) Ltd
    Cameron, E2        Director               Sasol Oil (Pty) Ltd                            2 773             285,15               790 720,95
    Grobler, F R       Director               Sasol Limited                                  2 434             285,15               694 055,10
    Kahla, V D         Director               Sasol Limited                                  5 375             285,15             1 532 681,25

                                              Sasol South Africa
                                              Limited
                                              Sasol (USA) Corporation
                                              Sasol Oil (Pty) Ltd
    Khoele, G           Director              Sasol Oil (Pty) Ltd                              793             285,15               226 123,95
    Klingenberg, B E    Director              Sasol Chemicals (USA)                          6 569             285,15             1 873 150,35
                                              LLC
                                              Sasol Oil (Pty) Ltd
    Laxa, R             Director              Sasol South Africa                             1 906             285,15               543 495,90
                                              Limited
    Nqwababa, B1        Director              Sasol Limited                                  8 331             285,15             2 375 584,65

    Nndwammbi, GN3      Director              Sasol South Africa                             1 655             285,15               471 923,25
                                              Limited
                                              Sasol Oil (Pty) Ltd
    Radebe, M           Director              Sasol Oil (Pty) Ltd                            2 499             285,15               712 589,85
    Solomon, M          Director              Sasol South Africa                               906             285,15               258 345,90
                                              Limited
    Stofberg, N         Director              Sasol Chemicals (USA)                          2 028             285,15               578 284,20
                                              LLC
    Victor, P           Director              Sasol Limited                                  6 248             285,15             1 781 617,20
                                              Sasol (USA) Corporation
                                              Sasol Oil (Pty) Ltd
    Vilakazi, PM3               Director      Sasol Oil (Pty) Ltd                              365             285,15               104 079,75


* Average selling price per share is based on transactions effected by the Company over a period of three days. The shares were allotted on the day of vesting and
immediately sold by means of a bulk sale with effect from the vesting date. Proceeds are allocated to the shares sold by directors, as with all employees, based on the
outcome of the bulk sale, which concluded on 1 November 2019.


The highest and lowest prices, as well as VWAP prices for each day were as follows:

    Date                                  Highest price                    Lowest price                       Volume Weighted Average Price
    30 October 2019                       297,57                           284,20                             291,77
    31 October 2019                       284,00                           284,00                             284,00
    1 November 2019                       275,00                           271,50                             273,62

In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has been obtained
for all the transactions set out above.

5 November 2019
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

1
  Resigned effective 31 October 2019 (Sasol Limited)
2
  Resigned effective 1 November 2019 (Sasol Oil (Pty) Ltd)
3
  Appointed effective 1 November 2019 (Sasol Oil (Pty) Ltd)

Date: 05/11/2019 05:30:00
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