Grant and Acceptance of Share Awards and Dealings in Securities
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, the Company, Equity issuer)
Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)
GRANT AND ACCEPTANCE OF SHARE AWARDS AND DEALINGS IN SECURITIES
BY A PRESCRIBED OFFICER OF SASOL LIMITED AND A DIRECTOR OF A MAJOR
SUBSIDIARY OF SASOL LIMITED
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements
(Listings Requirements), the following information is disclosed relating to a grant and
acceptance of conditional share awards and dealings in securities of Sasol by a prescribed
officer and a director of a major subsidiary of Sasol Limited.
Grant and acceptance of share awards
The Board of Sasol Limited or the Sasol Remuneration Committee (the Committee), as
appropriate, approved the following on-appointment share award made on
17 November 2023 in accordance with the rules of Sasol's 2022 Long-Term Incentive
(LTI) Plan (the Plan). The vesting of the award will be subject to service conditions and,
on performance shares, the achievement of approved corporate performance targets.
All prescribed officers and executive directors of Sasol must meet minimum shareholding
requirements as stated in Sasol's remuneration policy.
In terms of the rules of the Plan, the participants have to decline such an award within ten
business days after the award date, failing which the award will be deemed to have been
accepted.
The rules of the Plan are available on the Sasol website at www.sasol.com.
The following awards have been made:
Award date: 17 November 2023
Acceptance date: 27 November 2023
Vesting periods: In respect of performance shares (70% of the award): 50%
after 3 years and the balance after 5 years.
In respect of time restricted shares (30% of the award):
100% after 5 years.
Class of securities: Sasol ordinary shares
Nature of transaction: On appointment LTI award off-market
Price per share:1 R229,93
Nature and extent of interest: Direct beneficial
Surname and Company and designation Number of Total value of the
initials shares transaction
(ZAR)2
H Wenhold Sasol Limited: Prescribed Officer 33 923 7 799 915,39
Note 1 Strike price per share is nil. The shares were awarded at R229,93 being the closing price on 16 November 2023 .
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares.
Dealing in securities
The person below has transacted in securities awarded and accepted in 2020 in terms of
the rules of the Sasol 2016 Long-Term Incentive (LTI) Plan (LTI Plan).
The 2020 award partly vested at the achievement of corporate performance targets
(CPTs) of 67,34%. The balance of the LTI award made in 2020 will vest in 2025 subject to
the rules of the LTI Plan.
The participant has the option to retain all shares; sell sufficient shares to cover the tax
liability and retain the balance thereof; or, to sell the vested shares. The dealings are as
set out below.
Transaction date: 20 November 2023
Class of securities: Sasol ordinary shares
Issue price per share: R0,00
Nature of transaction: Sale of vested shares on-market
Nature and extent of interest: Direct beneficial
Name Company and designation Number Selling Price Total value of
of shares per share the transaction
(ZAR) (ZAR)
Mokomela, D T Sasol South Africa Limited: 4 797 224,00 1 074 528,00
Director
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal
has been obtained for the transactions set out above.
23 November 2023
Sandton
Equity Sponsor: Merrill Lynch South Africa (Pty) Limited t/a BofA Securities
Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 23-11-2023 12:03:00
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