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Sasol Inzalo Public to distribute over R1,3 billion to its shareholders

Date: 
11 September 2018

Johannesburg, South Africa Sasol Inzalo Public (RF) Limited is pleased to announce that it will distribute over R1,3 billion to the Sasol Inzalo Public (SIPBEE) shareholders in the form of a cash payment on 17 September 2018. Each SIPBEE shareholder will receive R85,63 per share(less dividends withholding tax of 20%, if applicable).

On Friday, 7 September 2018 Sasol Limited repurchased 16,1 million Sasol preferred ordinary shares from Sasol Inzalo Public Funding (Pty) Ltd (Fundco) at R542,11 per share. A 30-day volume weighted average share price (as at 6 September 2018) was used to calculate the price for the Sasol preferred ordinary shares. The total price paid to Fundco was R8,7 billion.

Fundco repaid its outstanding Inzalo funding of R7,4 billion on Monday, 10 September 2018.

After repayment of the outstanding Inzalo funding, paying taxes and costs, there is a cash surplus of over R1,3 billion (net of dividends withholding tax, if applicable) which will be distributed to the SIPBEE shareholders on 17 September 2018.

This marks the end of the Sasol Inzalo transaction. Sasol Inzalo Public Limited (RF) will delist from the JSE on Tuesday, 18 September 2018.

SIPBEE shareholders are encouraged to contact Computershare to update their contact and bank details as the cash distribution will be paid on 17 September 2018. Contact Computershare at sasolinzalo@computershare.co.za or call 0800 000 222 toll-free (South African calls) and +27(0)11 370 7700 (International calls).

 

Sasol may, in this document, make certain statements that are not historical facts that 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 BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “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.
 
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”. 
 
Comprehensive additional information is available on our website: www.sasol.com