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JSE: SOL - SOLBE1 - Pricing Announcement

Publication Date: 
Friday, September 21, 2018

Pricing Announcement

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


Following Sasol’s announcement on 11 September 2018 that its indirect wholly
owned subsidiary, Sasol Financing USA LLC (“Issuer”), has filed an automatic shelf
registration statement on Form F-3 with the U.S. Securities and Exchange
Commission (“SEC”), Sasol herewith announces the pricing of US$-denominated,
SEC-registered notes to be issued by Sasol Financing USA LLC (the “Notes”),
including $ 1 500 million of senior notes due March 2024 (the “2024 Notes”) and $
750 million of senior notes due March 2028 (the “2028 Notes”). The 2024 Notes will
bear interest at a rate of 5.875% per annum. The 2028 Notes will bear interest at a
rate of 6.5% per annum.

Application will be made to list these notes on the New York Stock Exchange.

The Notes will be the general unsecured obligations of the Issuer and are fully
guaranteed by Sasol. The offering is expected to close on 27 September 2018,
subject to customary closing conditions. The proceeds of the offering will be used to
prepay a portion of the outstanding Lake Charles Chemicals Project (“LCCP”) project
asset finance facility.

Bank of America Merrill Lynch, Citi and J.P. Morgan are acting as the active Joint
Book-Running Managers and Barclays, HSBC, Mizuho, MUFG, and SMBC were
appointed as Passive Joint Book-Running Managers. Tamela Advisory was
appointed as Black Economic Empowerment Partner to the Bookrunners. Rothschild
& Co. together with Identity Advisory, advised Sasol.

The offering is being made only by means of a prospectus supplement and
accompanying base prospectus. A registration statement, preliminary prospectus
supplement and accompanying base prospectus relating to the offering and
containing detailed information about Sasol and management, as well as financial
statements, have been filed with the Securities and Exchange Commission and are
available on its website at <Origin Href="Link">http://www.sec.gov. When available, copies of the final
prospectus supplement and accompanying base prospectus for the offering may be
obtained from: Citigroup Global Markets Inc., telephone: +1 800 831 9146; J.P.
Morgan Securities plc, telephone: +44 20 3493 0682; or Merrill Lynch, Pierce,
Fenner &amp; Smith Incorporated, telephone: +1 646 855 5958.

This announcement does not constitute an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of any of the securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The securities being offered have
not been approved or disapproved by any regulatory authority, nor has any such
authority passed upon the accuracy or adequacy of the prospectus supplement,
base prospectus or the shelf registration statement.

For further information, please contact:

Alex Anderson, Head of Group Media Relations
Direct telephone: +27 (0) 10 344 6509; Mobile: +27 (0) 71 600 9605;

Matebello Motloung, Senior Specialist: Media Relations
Direct telephone: +27 (0) 11 344 9256, Mobile: +27 (0) 82 773 9457

Moveshen Moodley, Chief Investor Relations Officer
Direct telephone: +27 (0) 10 344 8052

Forward-looking statements – Disclaimer: 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,
developments and business strategies. Examples of such forward-looking
statements include, but are not limited to, statements regarding exchange rate
fluctuations, volume growth, increases in market share, total shareholder return,
executing our growth projects (including LCCP) oil and gas reserves and cost
reductions, including in connection with our Business Performance Enhancement
Programme, Response Plan, Continuous Improvement programme and our business
performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend”,
“seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast”, “project” and
similar expressions are intended to identify such 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 are discussed more fully in our most recent annual report
on Form 20-F filed on 28 August 2018 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 both these factors and other uncertainties
and events. 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.

21 September 2018
Deutsche Securities SA Proprietary Limited

US Legal Advisors
Shearman &amp; Sterling

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