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SASOL LIMITED - Sasols Guerbet Unit at Lake Charles Achieves Beneficial Operation

Release Date: 23/06/2020 07:05
Code(s): SOLBE1 SOL     PDF:  
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Sasol’s Guerbet Unit at Lake Charles Achieves Beneficial Operation

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”)


Sasol is pleased to announce that the Guerbet alcohols unit at the Lake Charles
Chemicals Project (“LCCP”) achieved beneficial operation on 19 June 2020. The new
Guerbet unit is Sasol’s second Guerbet alcohol production site, with the other located in
Brunsbuettel, Germany. This means that 100 percent of LCCP’s specialty chemicals
units are now online, and that 86 percent of total nameplate capacity of LCCP is
operational. The Guerbet unit is the sixth LCCP production unit to be brought into
production, and has a nameplate capacity of 30 000 tons per year, using Sasol’s
proprietary technology.

The LCCP Ziegler unit, which achieved beneficial operation on 16 June 2020, is an
extension of the existing Ziegler plant in Lake Charles and adds to existing Ziegler
capacity from Brunsbuettel in Germany. It is the largest of its kind in the world, adding
nameplate capacity of 173 000 tons per year of alcohol and 32 000 tons per year of
alumina. The Ziegler unit is the most technically complex of the units in the LCCP and is
also based on Sasol’s proprietary technology.

The last remaining unit to come online at LCCP will be the low density polyethylene
(LDPE) plant, which was damaged during a fire in January 2020. This is on track for
beneficial operation by the end of September 2020, as per previous guidance. At the
end of May 2020, the LCCP capital expenditure was tracking the previously
communicated guidance of US$12,8 billion.

23 June 2020

Sponsor: Merrill Lynch South Africa Proprietary Limited

Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts and
relate to analyses and other information which are based on forecasts of future results
and estimates of amounts not yet determinable. These statements may also relate to
our future prospects, expectations, developments and business strategies. Examples of
such forward-looking statements include, but are not limited to, the impact of the novel
coronavirus (COVID-19) pandemic on Sasol’s business, results of operations, financial
condition and liquidity and statements regarding the effectiveness of any actions taken
by Sasol to address or limit any impact of COVID-19 on its business; statements
regarding exchange rate fluctuations, changing crude oil prices , volume growth,
increases in market share, total shareholder return, executing our growth projects
(including LCCP), oil and gas reserves, cost reductions, our climate change strategy
and business performance outlook. Words such as “believe”, “anticipate”, “expect”,
“intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and
“project” and similar expressions are intended to identify such forward-looking
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very nature, forward-looking statements involve inherent risks and uncertainties, both
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other forward-looking statements will not be achieved. If one or more of these risks
materialise, or should underlying assumptions prove incorrect, our actual results may
differ materially from those anticipated. You should understand that a number of
important factors could cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in such forward-looking
statements. These factors and others are discussed more fully in our most recent
annual report on Form 20-F filed on 28 October 2019 and in other filings with the United
States Securities and Exchange Commission. The list of factors discussed therein is not
exhaustive; when relying on forward-looking statements to make investment decisions,
you should carefully consider both these factors and other uncertainties and events.
Forward-looking statements apply only as of the date on which they are made, and we
do not undertake any obligation to update or revise any of them, whether as a result of
new information, future events or otherwise.

Date: 23-06-2020 07:05:00
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