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Appointment of Executive Director Designate and Chief Financial Officer Designate


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Appointment of Executive Director Designate and Chief Financial Officer Designate

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share code: 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 “the Company”)

Shareholders are advised in terms of paragraph 3.59 of the JSE Listings Requirements that
Mr Paul Victor has informed the Company that he will step down as Chief Financial Officer
(CFO) and executive director of Sasol Limited on 30 June 2022.

Shareholders are also advised of the appointment of Mr Hanré Rossouw, currently the CFO of
Royal Bafokeng Platinum Limited (RBPlat), as CFO designate and executive director designate
of Sasol to succeed Mr Paul Victor. Hanré will join Sasol on 4 April 2022 and will succeed Paul
as executive director and CFO on 1 July 2022. Paul has agreed to remain with Sasol until the
publication of Sasol’s financial results and suite of annual reports for the year ending 30 June
2022, allowing for a sixth-month structured handover period.

Sipho Nkosi, Chairman of the Sasol board of directors (Board) said “On behalf of the Board, I
would like to thank Paul for his substantial contribution and exemplary leadership over the past
twenty-one years at Sasol. We will pay tribute to him nearer to the date of his departure next
year. The Board is pleased to have appointed Hanré as Sasol’s next CFO and is looking
forward to welcoming him as a member of the Board. His background and experience will
benefit Sasol in meeting our business opportunities and challenges”.

Hanré has been the CFO of RBPlat since 1 October 2018, where he was responsible for the
restructuring of the balance sheet through the refinancing of debt and a rights issue, the
introduction of a new capital allocation framework and a new dividend policy.

Previously, he was a portfolio manager at Investec Asset Management and, prior to that, the
CFO of Xstrata Alloys. He also held a number of other senior roles at Xstrata plc in London that
involved extensive strategy, mergers and acquisitions, business optimisation and capital
markets experience. His career started as graduate engineer at Anglo American plc and he later
also worked for Accenture plc and De Beers Group. Hanré graduated from Oxford University
with a Master’s degree in Business Administration. He also holds a Bachelor of Engineering
degree in Chemical Engineering and a Bachelor of Commerce (Hons) degree in Economics.

1 July 2021

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 01-07-2021 08:30:00
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Headline Date: 
Thursday, July 1, 2021
Publish Time: 
Johannesburg Stock Exchange - SENS NEWS DELAYED