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JSE: SOL - SOLBE1 - Dealings in Securities by Directors of Sasol and Directors of Major Subsidiaries of Sasol

Publication Date: 
Tuesday, November 5, 2019

Dealings in Securities by Directors of Sasol and Directors of Major Subsidiaries of Sasol

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”)

DEALINGS IN SECURITIES BY DIRECTORS OF SASOL AND DIRECTORS OF MAJOR SUBSIDIARIES OF SASOL

In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), Sasol hereby announces that directors of Sasol, and directors of major subsidiaries of Sasol
have, in terms of the Sasol Long-Term Incentive Plan (“Plan”), been issued shares in terms of previously
accepted LTI grants made to them in 2016 that have partly vested at the achievement of corporate
performance targets at 47% (GEC) and 68,2% (SVP and lower) respectively. The balance of the award made
in 2016, will vest in 2021 subject to the rules of the Plan. Participants have the option to retain all shares, sell
sufficient shares to cover the tax liability and retain the balance of shares or to sell the vested shares. The
dealings are as set out below.

Vesting date: 30 October 2019
Class of shares: Sasol ordinary shares
Initial issue price per right: R0,00
Nature of Transaction: Retention of vested shares off-market
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number of Price per Total value of
initials shares share the transaction
(ZAR) (ZAR)
Baijnath, B Director Sasol South Africa 2 991 285,15 852 883,65
Limited
Grobler, F R Director Sasol Limited 2 941 285,15 838 626,15
Khoele, G Director Sasol Oil (Pty) Ltd 914 285,15 260 627,10
Nqwababa, B1 Director Sasol Limited 9 587 285,15 2 733 733,05

Radebe, M Director Sasol Oil (Pty) Ltd 2 876 285,15 820 091,40
Solomon, M Director Sasol South Africa 1 043 285,15 297 411,45
Limited
Victor, P Director Sasol Limited 7 190 285,15 2 050 228,50
Sasol (USA) Corporation
Sasol Oil (Pty) Ltd
Vilakazi, PM3 Director Sasol Oil (Pty) Ltd 1 374 285,15 391 796.10

Vesting date: 30 October 2019
Transaction dates: 30 October 2019 to 1 November 2019
Class of shares: Sasol ordinary shares
Initial issue price per right: R0,00
Nature of Transaction: Sale of vested shares on-market
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Average Total value of
initials of shares Selling the transaction
Price per (ZAR)
share
(ZAR)*
Baijnath, B Director Sasol South Africa 2 598 285,15 740 819,70
Limited
Booley, T Director Sasol South Africa 2 662 285,15 759 069,30
Limited
Sasol Oil (Pty) Ltd
Cameron, E2 Director Sasol Oil (Pty) Ltd 2 773 285,15 790 720,95
Grobler, F R Director Sasol Limited 2 434 285,15 694 055,10
Kahla, V D Director Sasol Limited 5 375 285,15 1 532 681,25

Sasol South Africa
Limited
Sasol (USA) Corporation
Sasol Oil (Pty) Ltd
Khoele, G Director Sasol Oil (Pty) Ltd 793 285,15 226 123,95
Klingenberg, B E Director Sasol Chemicals (USA) 6 569 285,15 1 873 150,35
LLC
Sasol Oil (Pty) Ltd
Laxa, R Director Sasol South Africa 1 906 285,15 543 495,90
Limited
Nqwababa, B1 Director Sasol Limited 8 331 285,15 2 375 584,65

Nndwammbi, GN3 Director Sasol South Africa 1 655 285,15 471 923,25
Limited
Sasol Oil (Pty) Ltd
Radebe, M Director Sasol Oil (Pty) Ltd 2 499 285,15 712 589,85
Solomon, M Director Sasol South Africa 906 285,15 258 345,90
Limited
Stofberg, N Director Sasol Chemicals (USA) 2 028 285,15 578 284,20
LLC
Victor, P Director Sasol Limited 6 248 285,15 1 781 617,20
Sasol (USA) Corporation
Sasol Oil (Pty) Ltd
Vilakazi, PM3 Director Sasol Oil (Pty) Ltd 365 285,15 104 079,75

* Average selling price per share is based on transactions effected by the Company over a period of three days. The shares were allotted on the day of vesting and
immediately sold by means of a bulk sale with effect from the vesting date. Proceeds are allocated to the shares sold by directors, as with all employees, based on the
outcome of the bulk sale, which concluded on 1 November 2019.

The highest and lowest prices, as well as VWAP prices for each day were as follows:

Date Highest price Lowest price Volume Weighted Average Price
30 October 2019 297,57 284,20 291,77
31 October 2019 284,00 284,00 284,00
1 November 2019 275,00 271,50 273,62

In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has been obtained
for all the transactions set out above.

5 November 2019
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

1
Resigned effective 31 October 2019 (Sasol Limited)
2
Resigned effective 1 November 2019 (Sasol Oil (Pty) Ltd)
3
Appointed effective 1 November 2019 (Sasol Oil (Pty) Ltd)

Date: 05/11/2019 05:30:00
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