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Grant & Acceptance of Share Awards by Directors, Prescribed Officers, Company Secretary & Directors of Major Subs

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”)

GRANT AND ACCEPTANCE OF SHARE AWARDS BY DIRECTORS, PRESCRIBED
OFFICERS AND THE COMPANY SECRETARY OF SASOL LIMITED AND DIRECTORS
OF MAJOR SUBSIDIARIES OF SASOL LIMITED

In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Sasol hereby
announces that executive directors, prescribed officers and the company secretary of
Sasol, and directors of major subsidiaries of Sasol, have been granted, and have accepted,
conditional share awards in terms of the Sasol Long-Term Incentive (“LTI”) Plan (“the
Plan”).

The Board of Sasol Limited or the Sasol Remuneration Committee (“the Committee”), as
appropriate, approved the following annual share awards made on 27 September 2021 in
accordance with the rules of the Plan.

The vesting of the awards will be subject to service conditions and, on performance shares,
the achievement of the following corporate performance targets:

FY22 | Performance period from 1 July 2021 – 30 June 2024
KPI (Key
STRETCH TARGET
Performance WEIGHTING THRESHOLD (0%) TARGET (100%)
(200%)
Indicator)

Holistic focus on 25% Achieve a sustainable 3% Achieve a 3.8% reduction Achieve a 4.5% reduction
ESG reduction (equating to 2.36mtpa (equating to 2.78mtpa
Matters (equating to 1.8mtpa CO2e) in Scope 1 and CO2e) in Scope 1 and
CO2e) in Scope 1 and Scope 2 emissions off a Scope 2 emissions of a
Scope 2 emissions off a 2017 baseline by end FY24 2017 baseline by end FY24
2017 baseline by end for the Energy business for the Energy business
FY24 for the Energy (10%) (20%)
business (4%)

40% RE power for Sasol 60% RE power for Sasol 80% RE power for
Chemical operations in Chemical operations in Chemical operations in
Europe and Americas by Europe and Americas by Europe and Americas by
end FY24 (3%) end FY24 (8%) end FY24 (16%)

Within 10% of the DJSI Within 6% of the DJSI Within 3% of the DJSI
inclusion score by inclusion score by inclusion score by
November 2023 (3%) November 2023 (7%) November 2023 (14%)

Return on Invested 25% ROIC (excl AUC) at SA ROIC (excl AUC) at SA ROIC (excl AUC) at SA
Capital WACC of 13,5% per WACC of 13,5% +1% = WACC of 13,5% +2% =
annum 14,5% per annum 15,5% per annum
(0%) (15%) (30%)

25% ROIC (excl AUC) at US ROIC (excl AUC) at US ROIC (excl AUC) at US
WACC of 8% per annum WACC of 8% +0,5% = WACC of 8% +1% = 9%
(0%) 8,5% per annum (10%) per annum (20%)

Relative TSR 25% 50th percentile of the index 60th percentile of the index 75th percentile of the index
measured against (12,5%) (25%) (50%)
the peer group

All prescribed officers and executive directors of Sasol must meet minimum shareholding
requirements.

In terms of the rules of the Plan, the participants have to decline such an award within ten
business days after the award date, failing which the award will be deemed to have been
accepted.

The rules of the Plan are available on the Sasol website at <a href="http://www.sasol.com" target="_blank">www.sasol.com</a>.

The following awards have been made to prescribed officers and directors of Sasol and
major subsidiaries:

Award date: 27 September 2021
Acceptance date: 08 October 2021
Vesting periods: In respect of performance shares (65% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (35% of the award):
100% after 5 years
Class of securities: Sasol ordinary shares
Nature of transaction: Annual LTI Award (off-market)
Price per share:1 R249.12
Nature and extent of interest: Direct beneficial

Surname and Company and designation Number Total value of
initials of the transaction
shares (ZAR)2
Brand, H C Sasol Limited: Prescribed officer 26 933 6 709 871.65
Grobler, F R Sasol Limited: Director 63 221 15 749 752.19
Kahla, V D Sasol Limited: Director 32 160 8 012 115.73
Sasol South Africa Limited: Director
Sasol Oil (Pty) Ltd: Director
Klingenberg, B E Sasol Limited: Prescribed officer 37 487 9 338 879.05
Sasol Chemicals (USA) LLC: Director
Sasol Oil (Pty) Ltd: Director
Mabelane, B P Sasol Limited: Prescribed officer 32 010 7 974 655.78
Sasol Oil (Pty) Ltd: Director
Mokoena, C K Sasol Limited: Prescribed officer 26 418 6 581 372.67
Sasol South Africa Limited: Director
Sasol Oil (Pty) Ltd: Director
Victor, P Sasol Limited: Director 40 957 10 203 409.29

Note 1 Strike price per share is nil. The shares were awarded at R249.12 being the closing price on 23 September 2021.
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.

Award date: 27 September 2021
Acceptance date: 08 October 2021
Vesting periods: In respect of performance shares (65% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (35% of the award):
100% after 5 years
Class of securities: Sasol American Depository Receipts (ADRs)
Nature of transaction: Annual LTI Award (off-market)
Price per ADR:1 US$16.52
Nature and extent of interest: Direct beneficial
Surname and Company and designation Number Total value of
initials of the transaction
shares (USD)2
Griffith, B V Sasol Limited: Prescribed officer 35 267 582 617.90

Note 1 Strike price per share is nil. The shares were awarded at US$16.52 being the closing price on 24 September 2021.
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.

The following annual share awards have been made to directors and the company
secretary of major subsidiaries of Sasol Limited:

Award date: 27 September 2021
Acceptance date: 08 October 2021
Vesting periods: 50% after 3 years and the balance after 5 years 2
100% after 3 years 3
25% - 30% of the award is subject to the achievement
of corporate performance targets to be achieved over
the 3-year performance period
Class of securities: Sasol ordinary shares
Nature of transaction: Annual LTI Award (off-market)
Price per share:1 R249.12
Nature and extent of interest: Direct beneficial

Surname and Company and designation Number Total value of
initials of the transaction
shares (ZAR)4
Baijnath, B2 Sasol South Africa Limited: Director 10 786 2 687 127.08
Sasol Oil (Pty) Ltd: Director
Booley, T2 Sasol South Africa Limited: Director 10 796 2 689 624.41
Du Toit, M3 Sasol Limited: Company Secretary 6 221 1 549 933.81
Sasol South Africa Limited: Company Secretary
Khoele, G L3 Sasol Oil (Pty) Ltd: Director 5 479 1 365 131.39
Laxa, R M2 Sasol South Africa Limited: Director 11 053 2 753 646.87
Mokomela, D T3 Sasol South Africa Limited: Director 5 527 1 376 936.95
Nndwammbi, N Sasol South Africa Limited: Director 9 242 2 302 538.26
G2 Sasol Oil (Pty) Ltd: Director
Powys, M L3 Sasol Oil (Pty) Ltd: Director 4 430 1 103 819.86
Stofberg, N3 Sasol Chemicals (USA) LLC: Director 7 543 1 879 354.34
Vilakazi, P M3 Sasol Oil (Pty) Ltd: Director 8 322 2 073 237.96
Sasol South Africa Limited: Director

Note 1 Strike price per share is nil. The shares were awarded at R249.12 being the closing price on 23 September 2021.
Note 4 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.

Award date: 27 September 2021
Acceptance date: 08 October 2021
Vesting periods: 50% after 3 years and the balance after 5 years
30% of the award is subject to the achievement of
corporate performance targets to be achieved over the
3 year performance period
Class of securities: Sasol American Depository Receipts (ADRs)
Nature of transaction: Annual LTI Award (off-market)
Price per ADR1 US$16.52
Nature and extent of interest: Direct beneficial

Surname and Company and designation Number Total value of
initials of the transaction
shares (USD)2
Stouder, E Sasol Chemicals (USA) LLC: Director 14 092 232 802.80

Note 1 Strike price per share is nil. The shares were awarded at US$16.52 being the closing price on 24 September 2021.
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.

Clearance to deal has been obtained for all the transactions set out above in terms of
paragraph 3.66 of the JSE Listings Requirements.

27 September 2021
Sandton

Sponsor: Merrill Lynch South Africa (Pty) Limited t/a BofA Securities

Date: 27-09-2021 04:24:00
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Ticker: 
SOL,SOLBE1
Headline Date: 
Monday, September 27, 2021
Publish Time: 
16:24:00
Source: 
Johannesburg Stock Exchange - SENS NEWS DELAYED
Headline ID: 
1051066286462733072