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Divestment of full shareholding in Central Termica De Ressano Garcia S.A. (CTRG)

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Divestment of full shareholding in Central Termica De Ressano Garcia S.A. (CTRG)

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 “the Company”)

DIVESTMENT OF FULL SHAREHOLDING IN CENTRAL TERMICA DE RESSANO GARCIA
S.A. (CTRG)

Sasol is pleased to announce that a Sale Securities Purchase Agreement has been signed with
Azura Power Limited for the divestment of the Company’s full shareholding in CTRG, the gas-
to-power plant located in Ressano Garcia, Mozambique.

The transaction is subject to a number of conditions precedent, which include regulatory
approval and the waiver of pre-emption rights held by Electricidade de Mocambique (EDM), the
Mozambican state-owned electricity company.

The consideration will be approximately USD145 million and covers the equity and other
shareholder claims that Sasol holds in CTRG. This will be subject to any relevant closing
adjustments, including those in relation to working capital.

This transaction is part of the Company’s ongoing, strategy aligned, asset divestment
programme. Sasol remains fully committed to upstream operations in Mozambique, which
continue to be integral to Sasol’s strategy.

21 December 2020
Johannesburg

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 statements, but are not the
exclusive means of identifying such statements. By their very nature, forward-looking
statements involve inherent risks and uncertainties, both general and specific, and there are
risks that the predictions, forecasts, projections and 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 24 August 2020 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: 21-12-2020 07:05:00
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Ticker: 
SOL,SOLBE1
Headline Date: 
Monday, December 21, 2020
Publish Time: 
07:05:00
Source: 
Johannesburg Stock Exchange - SENS NEWS DELAYED
Headline ID: 
1044447328468993296