Submitted by admin on Tue, 01/24/2023 - 07:30

Production Update on Renewable Power Integration in SA Operations

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)



Sasol has published its production and sales performance metrics for the 6 months ended 31
December 2022 on the Company´s website at, under the Investor Centre


Sasol has committed to reduce its absolute Greenhouse Gas (GHG) emissions from South
African operations by at least 30% by 2030, off a 2017 baseline. Renewable power is a key
lever towards Sasol’s GHG emission reduction, as part of our transition towards a more
sustainable product portfolio.

We are pleased to announce the signing of three power purchase agreements (PPA) for the
supply of renewable power to our South African operations, which are subject to meeting certain
conditions precedent.

Sasol South Africa Limited (SSA) and Msenge Emoyeni Wind Farm (Pty) Ltd (Msenge) have
signed a long-term PPA for the supply of 69MW of wind powered renewable power to our
Sasolburg operations. This is key in achieving the first production of green hydrogen generated
from renewable energy sources at Sasolburg and progressing our ambition to lead the
development of a green hydrogen economy in Southern Africa. The renewable capacity is
anticipated to be operational within the first quarter of CY24.

In addition, as part of the decarbonisation of our Southern African value chain, Sasol and Air
Liquide have signed two long-term PPA’s with Enel Green Power for the supply of a total capacity
of 220MW of wind powered renewable power to our Secunda operations. The projects are
expected to be operational in 2025. The concluded agreements are the first as part of a joint
procurement initiative with Air Liquide and demonstrates Sasol's commitment to procuring 1
200MW of renewable energy capacity by 2030.

24 January 2023
Sponsor: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities

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, and measures taken in response, on Sasol’s business,
results of operations, markets, employees, financial condition and liquidity; the effectiveness of any actions
taken by Sasol to address or limit any impact of COVID-19 on its business; the capital cost of our projects
and the timing of project milestones; our ability to obtain financing to meet the funding requirements of our
capital investment programme, as well as to fund our ongoing business activities and to pay dividends;
statements regarding our future results of operations and financial condition, and regarding future economic
performance including cost containment, cash conservation programmes and business optimisation
initiatives; recent and proposed accounting pronouncements and their impact on our future results of
operations and financial condition; our business strategy, performance outlook, plans, objectives or goals;
statements regarding future competition, volume growth and changes in market share in the industries and
markets for our products; our existing or anticipated investments, acquisitions of new businesses or the
disposal of existing businesses, including estimates or projection of internal rates of return and future
profitability; our estimated oil, gas and coal reserves; the probable future outcome of litigation, legislative,
regulatory and fiscal developments, including statements regarding our ability to comply with future laws
and regulations; future fluctuations in refining margins and crude oil, natural gas and petroleum and
chemical product prices; the demand, pricing and cyclicality of oil, gas and petrochemical product prices;
changes in the fuel and gas pricing mechanisms in South Africa and their effects on prices, our operating
results and profitability; statements regarding future fluctuations in exchange and interest rates and
changes in credit ratings; total shareholder return; our current or future products and anticipated customer
demand for these products; assumptions relating to macroeconomics; climate change impacts and our
climate change strategies, our development of sustainability within our Energy and Chemicals Businesses,
our energy efficiency improvement, carbon and GHG emission reduction targets, our net zero carbon
emissions ambition and future low-carbon initiatives, including relating to green hydrogen and sustainable
aviation fuel; our estimated carbon tax liability; cyber security; and statements of assumptions underlying
such statements. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”,
“may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify
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 31 August 2022 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 foregoing factors and other uncertainties and events, and you should not place undue
reliance on forward-looking statements. 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: 24-01-2023 07:05:00
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