Grant of Share Award to Prescribed Officer of Sasol Limited
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 OF SHARE AWARD TO PRESCRIBED OFFICER OF SASOL LIMITED
In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Sasol hereby
announces that the undermentioned participant in the Sasol Long-Term Incentive Plan (“the
Plan” and/or “LTI”, as appropriate), has been granted an on-appointment conditional share
award. This on-appointment conditional share award is to partly offset the unvested shares
forfeited with her previous employer upon accepting the appointment with Sasol and is seen
as a “buy-out award”.
The Board or the Sasol Remuneration Committee, as necessary, approved the on-
appointment share award made on 6 October 2020. 100% of the award is subject to the
achievement of corporate performance targets which are to be achieved over the
performance period. In terms of the rules of the Plan, the participant may decline such an
award within ten days after the award date, failing which the award will be deemed to have
been accepted1.
The rules of the LTI Plan are available on the Sasol website <a href="http://www.sasol.com" target="_blank">www.sasol.com</a>.
Award date: 6 October 2020
Deemed acceptance date: 16 October 2020
Vesting periods: Of the LTIs that meet the corporate performance
conditions, 50% will vest after 3 years, and the
balance after 5 years
Class of securities: Sasol ordinary shares
Nature of transaction: On-appointment LTI Award (off-market)
Market value per share* R123,03
Nature and extent of interest: Direct beneficial
Surname and Designation Company Number Total value of
initials of the
shares transaction
(ZAR)**
Mabelane, P Prescribed Sasol Limited 88 393 10 874 990,97
Officer
The necessary clearance to deal has been obtained for all the transactions set out above in
terms of paragraph 3.66 of the JSE Listings Requirements.
1
A further announcement will be made if the participant declines the award.
* Strike price per share is nil. The price per share indicated is the closing price of the Sasol ordinary share on 5 October 2020, the day before the grant was
made (R123,03, in the case of Sasol ordinary shares) which was used to calculate the number of shares.
** The total transaction value is the price per share multiplied by the number of Sasol ordinary shares awarded. The final gain to the employee will be subject
to the conditions of the award being achieved as well as the share price on the vesting date.
6 October 2020
Sandton
Sponsor: Merrill Lynch South Africa Proprietary Limited
Date: 06-10-2020 04:25:00
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