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JSE: SOL - SOLBE1 - Announcement regarding date from which SOLBE1 election right may be exercised

Publication Date: 
Wednesday, February 21, 2018

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).
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.