JSE: SOL - SOLBE1 - Market Making Services Agreement for Sasol BEE Ordinary (Solbe1) Shares entered into with Ngonyama Capital

Publication Date: 
Thursday, February 21, 2019

Market Making Services Agreement for Sasol BEE Ordinary (Solbe1) Shares entered into with Ngonyama Capital

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 entered into a Market Making Services Agreement (the “Agreement”) with Ngonyama Capital,
in terms of which Ngonyama Capital will purchase and sell SOLBE1 Shares in the open market with the
objective of enhancing the value proposition of SOLBE1 Shares and increasing the liquidity of SOLBE1
Shares in the open market.

Under the Agreement, which has been entered into for a period of three (3) years and which may be
terminated on notice by either party, Ngonyama Capital will be the beneficial owner of SOLBE1 Shares
and will buy and sell SOLBE1 Shares in the open market as a principal, for its own account and sole risk
and independent of and without influence by Sasol. Ngonyama Capital will endeavour to purchase 100
000 SOLBE1 Shares in the open market within a period of six months from the date of this
announcement. In consideration for rendering the market making services under the Agreement,
Ngonyama Capital will be paid a fee calculated at a total of 15%, spread over the three year period of the
Agreement, of the average daily net value of SOLBE1 Shares held by Ngonyama Capital. A break fee
will be payable to Ngonyama if Sasol terminates the Agreement without reason before the expiry of three
years. The Agreement will be available for inspection during normal working hours at the Company’s
company secretarial services office at Sasol Place, 50 Katherine Street, Sandton.

Ngonyama Capital will commence the market making services in terms of the Agreement on Thursday,
February 21, 2019

21 February 2019

Merrill Lynch South Africa (Pty) Ltd

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