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JSE: SOL - SOLBE1 - Grant of Share Awards to Directors and the Company Secretary of Major Subsidiaries of Sasol

Publication Date: 
Thursday, October 31, 2019

Grant of Share Awards to Directors and the Company Secretary 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”)

GRANT OF SHARE AWARDS TO DIRECTORS AND THE COMPANY SECRETARY OF
MAJOR SUBSIDIARIES OF SASOL

In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Sasol hereby
announces that the undermentioned participants in the Sasol Long-Term Incentive Plan
(“the Plan” and/or “LTI”, as appropriate), have been granted annual conditional share
awards.

The Board or the Sasol Remuneration Committee, as necessary, approved the annual
restricted share awards made on 30 October 2019 which form an important part of the
Sasol reward mix as per the remuneration policy. 50% of the award is subject to the
achievement of corporate performance targets. In terms of the rules of the Plan, the
participants have to 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 www.sasol.com.

Award date: 30 October 2019
Deemed acceptance date: 11 November 2019
Vesting periods: 50% after 3 years subject to the achievement of
corporate performance targets, and the balance after
5 years
Class of securities: Sasol ordinary shares
Nature of transaction: Annual supplementary LTI Award (off-market)
Market value per share* R298,76
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value of
initials of the
shares transaction
(ZAR)**
Brenda Baijnath Director Sasol South Africa 7 750 2 315 390,00
Limited
Thabiet Booley Director Sasol South Africa 7 264 2 170 192,64
Limited
Director Sasol Oil (Pty) Ltd
Edward Cameron Director Sasol Oil (Pty) Ltd 8 731 2 608 473,56
Gosiame Lorato Director Sasol Oil (Pty) Ltd 4 655 1 390 727,80
Khoele
Mmakuate Company Sasol South Africa 8 500 2 539 460,00
Moratwe Lucy Secretary Limited
Mokoka2
Rightwell Director Sasol South Africa 7 957 2 377 233,32
Mzimkhulu Laxa Limited
Ndiitwani Grace Director Sasol South Africa 4 650 1 389 234,00
Nndwammbi Limited
Director Sasol Oil (Pty) Ltd
Martin Sebastian Director Sasol South Africa 6 319 1 887 864,44
Solomon Limited
Nina Stofberg Director Sasol Chemicals (USA) 4 121 1 231 189,96
LLC

Award date: 30 October 2019
Deemed acceptance date: 11 November 2019
Vesting periods: 50% after 3 years subject to the achievement of
corporate performance targets, and the balance after
5 years
Class of securities: Sasol American Depository Receipts (ADRs)
Nature of transaction: Annual supplementary LTI Award (off-market)
Market value per share* US$20,23
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value
initials of of the
shares transaction
(US$)**
Eric Stouder Director Sasol South Africa Limited 9 737 196 979,51
Michael Thomas Director Sasol (USA) Corporation 10 267 207 701,41

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.

Furthermore, and in compliance with paragraphs 3.63 to 3.66 of the JSE Listings
Requirements, Sasol hereby also announces that the undermentioned directors of major
subsidiaries of Sasol were granted a special retention Long-Term Incentive (LTI) award on
30 October 2019.

The Remuneration Committee made the special retention LTI awards after the Board of
Directors took a decision not to pay short-term incentive awards in cash under its FY19
short-term incentive (STI) plan despite the achievement of STI targets. The retention of key
employees during the next few years is a critical imperative for the Group. More information
is available in Sasol’s remuneration report contained in the annual financial statements for
the year ended 30 June 2019.

Award date: 30 October 2019
Deemed acceptance date: 11 November 2019
Vesting periods: 100% after 3 years
Class of securities: Sasol ordinary shares
Nature of transaction: Special retention LTI Award (off-market)
Market value per share* R298,76
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value of
initials of the
shares transaction
(ZAR)**
Brenda Baijnath Director Sasol South Africa 4 341 1 296 917,16
Limited
Thabiet Booley Director Sasol South Africa 5 464 1 632 424,64
Limited
Director Sasol Oil (Pty) Ltd
Edward Cameron Director Sasol Oil (Pty) Ltd 6 580 1 965 840,80
Gosiame Lorato Director Sasol Oil (Pty) Ltd 2 955 882 835,80
Khoele
Rightwell Director Sasol South Africa 5 343 1 596 274,68
Mzimkhulu Laxa Limited
Ndiitwani Grace Director Sasol South Africa 3 102 926 753,52
Nndwammbi Limited
Director Sasol Oil (Pty) Ltd
Martin Sebastian Director Sasol South Africa 4 259 1 272 418,84
Solomon Limited
Nina Stofberg Director Sasol Chemicals (USA) 2 731 815 913,56
LLC

Award date: 30 October 2019
Deemed acceptance date: 11 November 2019
Vesting periods: 100% after 3 years
Class of securities: Sasol American Depository Receipts (ADRs)
Nature of transaction: Special retention LTI Award (off-market)
Market value per share* US$20,23
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value
initials of of the
shares transaction
(US$)**
Eric Stouder Director Sasol South Africa Limited 6 708 135 702,84
Michael Thomas Director Sasol (USA) Corporation 4 254 86 058,42

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 any participant declines an award
2
On appointment award
* Strike price per share is nil. The Price per share indicated is the closing price of the Sasol ordinary share / ADR on 29 October 2019, the
day before the grant was made (R298,76, in the case of Sasol ordinary shares and US$20,23, in the case of ADRs) which was used to
calculate the number of shares / ADRs.
** The total transaction value is the Price per share multiplied by the number of Sasol ordinary shares / ADRs 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.

31 October 2019
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 31/10/2019 04:01:00
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