Results announcement

Date

12 September, 2006

Reviewed consolidated results and declaration of dividend number 54 of Sasol Limited for the year ended 30 June 2006

Highlights

Record headline earnings per share – up 33%
Sasol O&S written down to fair value
Attributable earnings per share – up 9%, excluding O&S – up 40%
Major capital projects advanced – R13 billion
Gearing reduces from 37% to 29%
Total dividend up 31% to R7,10 per share

A strong performance

Our attributable earnings for the financial year that ended on 30 June 2006 increased by 10% from R9,4 billion to R10,4 billion. Our earnings per share of R16,73 and headline earnings per share of R22,93 were respectively 9% and 33% higher than those of the previous year.

We have, with effect from 30 June 2006, in accordance with International Financial Reporting Standard (IFRS) 5, classified our Sasol Olefins and Surfactants (O&S) business as a disposal group held for sale. On 5 September 2006, we announced a write-down of the value of O&S amounting to R2,8 billion, after tax, to reflect its fair value at 30 June 2006. This write-down follows due consideration of valuations undertaken and bids received from interested parties as part of the envisaged divestiture of the business. Excluding O&S (including the write-down and impairments during the year of R0,9 billion), attributable earnings increased by 41% to R13,7 billion and earnings per share increased by 40% to R22,15.

Safety and operations

The group's consolidated recordable case rate (RCR) improved significantly from 1,2 on 30 June 2005 to 0,7 on 30 June 2006, following the substantial interventions that were progressed during the year to improve our safety performance to world-class standards. The RCR measurement is recognised as the foremost safety performance metric in the global oil and petrochemical industries.

Generally, our plants operated efficiently during the year.

Higher international oil prices

Operating profit increased by R6,3 billion (44%) to R20,7 billion during the year under review. Higher international oil prices (average dated Brent US$62,45/b in 2006 versus US$46,17/b in 2005) boosted our operating profit by about R5,6 billion, taking into account the negative effect of the Sasol Synfuels oil production hedge of R1,0 billion incurred in the previous financial year. This benefit was further enhanced by the positive impact of a slightly weaker rand (average rate R6,41: US$1,00 in 2006 versus R6,21: US$1,00 in 2005), which increased our operating profit by approximately R1,3 billion, including positive year-end currency translation effects.

Major capital projects advanced

Cash flow on capital projects amounted to R13,0 billion of which R8,4 billion (65%) was invested in our South African operations. The major projects advanced include the fuel quality enhancement and polymer expansion project (Project Turbo) in South Africa, the Oryx gas-to-liquid (GTL) venture in Qatar and the Arya Sasol Polymers project in Iran.

The cost and scheduled commissioning dates of various projects completed or being advanced have been adversely affected by the shortage of engineering, fabrication and construction resources, as a consequence of the significant increase in projects in execution around the world. The commissioning of the Oryx GTL plant has been delayed to the fourth quarter 2006 following damage during early commissioning to a supporting utility system.

Gearing reduced

Our gearing (net debt as a percentage of shareholders' equity) reduced from 37% at 30 June 2005 to 29% (excluding O&S) at 30 June 2006.

Dividend increased

The final dividend declared of R4,30 per share brings the total dividend to R7,10 per share which represents a 31% increase compared to the previous year. The dividend cover of 2,3 is outside of our target range of 2,5 to 3,5 times, but when measured against earnings from continuing operations (excluding the O&S write-down) is 3,1, which is within our target range.

Total Stores	Division	Store Location	Address	Tel No
1	Relabelled	Salt River	29 Brickfield Road, Salt River, Cape Town	(021)4479913
2	Relabelled	Bellville	Shop 4, Corner Voortrekker Rd & Durban RD, Bellville	(021)9171860
3	Relabelled	Kenilworth	Unit number 3 access park, Chichester road, Kenilworth	(021)6714778,
4	Relabelled	Kuilsrivier	Shop 4 & 5 Access Park, Kuilsrivier	(021)9031294 061 287 3980
5	Relabelled	Mobeni	Cnr Grimsby & Leicester Rd, Mobeni, Durban	(031)4620540 W\House (031) 469 9409
6	Relabelled	Pier 14	21A Pier 14, Shopping Centre, Port Elizabeth	(041)4841575 083 5176 728
7	Relabelled	Marlboro	13 Sparten Crescent ,Marlboro , Ext 3 Johannesburg	(011) 262 0460
8	Relabelled	Soweto	Maponya Shop 200 2127 Chris hani Road, klipspruit ext5 Soweto	(011) 933 1023
9	Relabelled	Umlazi	Shop 155 Umlazi Mega City 50 Griffiths Mxenge Highway Umlazi	(031) 902 1325
10	Relabelled	Epping	10 Losack avenue , epping industrial	(021) 534 0401
1	BCWC	Kloof	Lifes on Kloof, 50 Kloof Street, Gardens ,Cape Town, shop G-15	(021) 422 1593 078 211 8051
2	BCWC	Canal Walk	Shop 619 Canal Walk , Century BLVD, Century City , Cape Town 7441	(021) 551 2891
3	BCWC	Monte Casino	Shop 80B Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 0438
4	BCWC	Menlyn	Shop UF 42 & 43 cnr atterbury road & lois avenue , menlo park , Pretoria	(012) 764 9600
5	BCWC	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	032 586 0242
6	BCWC	Rosebank	Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg	(011)268 1114
1	Magents	Canal Walk	Shop 08 , Century Blvd , Century City 7441	(021) 551 2533 JP CELL: 064 686 4026
2	Magents	Monte Casino	Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 6721 074 669 6310 073 804 4352 079 884 7607
3	Magents	Menlyn	MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal
4	Magents	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	061 521 7446 032 586 1467
1	WSA	Menlyn	MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	Vicky - 078 816 1921 land line - 012 348 4766
6	BCWC	Rosebank	Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg	(011)268 1114
1	Magents	Canal Walk	Shop 08 , Century Blvd , Century City 7441	(021) 551 2533 JP CELL: 064 686 4026
2	Magents	Monte Casino	Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 6721 074 669 6310 073 804 4352 079 884 7607
3	Magents	Menlyn	MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal
4	Magents	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	061 521 7446 032 586 1467
1	WSA	Menlyn	MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	Vicky - 078 816 1921 land line - 012 348 4766

Overview

Overview

Overview

Overview

Overview

Overview

Overview

Results announcement

Results announcement