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Results of the general meeting and annual general meeting of Sasol held on Friday, 20 November 2020

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Results of the general meeting and annual general meeting of Sasol held on Friday, 20 November 2020

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”)

RESULTS OF THE GENERAL MEETING AND ANNUAL GENERAL MEETING OF SASOL HELD ON FRIDAY, 20
NOVEMBER 2020

General Meeting

Sasol shareholders are advised that at the general meeting of Sasol shareholders held on Friday, 20 November 2020, all
the resolutions tabled thereat were passed by the requisite majority of voting rights.

Details of the results of voting at the general meeting are as follows:

Resolutions proposed Total Percentage Percentage Percentage Percentage
number of shares For ** Against** Abstained*
shares voted*
voted
Ordinary Resolution 1: Approve Matters 408 912 753 64.51 99.08 0.59 0.33
Relating to the Transaction Material
Agreements as a Category 1
Transaction in Terms of the JSE
Listings Requirements
Ordinary Resolution 2: Authorise 408 912 753 64.51 99.05 0.63 0.33
Ratification of Approved Resolutions
* Based on the total number of Sasol Ordinary Shares and Sasol BEE Ordinary Shares in issue, being 633 829 766, as at Friday, 13 November 2020,
being the Record Date of the general meeting.
**Based on the total number of shares that voted at the annual general meeting, excluding abstentions

Annual General Meeting

Sasol shareholders are advised that at the annual general meeting of Sasol held on Friday, 20 November 2020, the
audited annual financial statements of the Company, and of the Sasol group, including the reports of the directors,
external auditors, audit committee and the safety, social and ethics committee, for the financial year ended 30 June 2020
were presented.

Details of the results of voting at the annual general meeting are as follows:

Resolutions proposed Total Percentage Percentage Percentage Percentage
number of shares For ** Against** Abstained*
shares voted*
voted
Ordinary Resolution 1.1: Re-election of 419 134 849 66.13 75.95 23.61 0.44
a director in terms of clause 22.2.1 of
the Company’s memorandum of
incorporation (MOI) - C Beggs
Ordinary Resolution 1.2: Re-election of 419 134 849 66.13 87.77 11.78 0.45
a director in terms of clause 22.2.1 of
the Company’s MOI - N N A Matyumza
Ordinary Resolution 1.3: Re-election of 419 134 849 66.13 81.66 17.89 0.46
a director in terms of clause 22.2.1 of
the Company’s MOI - Z M Mkhize
Ordinary Resolution 1.4: Re-election of 419 134 849 66.13 81.79 17.75 0.46
a director in terms of clause 22.2.1 of
the Company’s MOI - M E K Nkeli
Ordinary Resolution 1.5: Re-election of 419 134 849 66.13 75.72 23.82 0.46
a director in terms of clause 22.2.1 of
the Company’s MOI – S Westwell
Ordinary Resolution 2: Election of a 419 134 849 66.13 99.48 0.07 0.45
director in terms of clause 22.4.1 of the
Company’s MOI – K C Harper
Ordinary Resolution 3: Appointment of 419 134 849 66.13 92.25 7.34 0.41
PricewaterhouseCoopers Inc. as the
independent auditor
Ordinary Resolution 4.1: Appointment of 419 134 849 66.13 83.52 16.11 0.36
audit committee member – C Beggs
(subject to him having been re-elected
as a director in terms of ordinary
resolution number 1.1)
Ordinary Resolution 4.2: Appointment of 419 134 849 66.13 99.56 0.07 0.36
audit committee member – K C Harper
Ordinary Resolution 4.3: Appointment of 419 134 849 66.13 97.31 2.33 0.36
audit committee member – G B M
Kennealy
Ordinary Resolution 4.4: Appointment of 419 134 849 66.13 97.23 2.41 0.36
audit committee member – N N A
Matyumza (subject to her having been
re-elected as a director in terms of
ordinary resolution number 1.2)
Ordinary Resolution 4.5: Appointment of 419 134 849 66.13 97.52 2.12 0.36
audit committee member – S Westwell
(subject to him having been re-elected
as a director in terms of ordinary
resolution number 1.5)
Ordinary Resolution 5: Non-binding 419 134 849 66.13 71.46 28.04 0.49
advisory vote on the Company’s
Remuneration Policy
Ordinary Resolution 6: Non-binding 419 134 849 66.13 43.21 56.26 0.53
advisory vote on the Company’s
Implementation Report of the
Remuneration Policy
Special Resolution 1: Approve the 419 134 549 66.13 76.48 23.15 0.38
remuneration payable to non-executive
directors of the Company for their
services as directors from the date of
the Annual General Meeting until this
resolution is replaced
Special Resolution 2: Approve financial 419 134 849 66.13 96.72 2.91 0.37
assistance to be granted by the
Company in terms of sections 44 and
45 of the Companies Act
* Based on the total number of Sasol Ordinary Shares and Sasol BEE Ordinary Shares in issue, being 633 829 766, as at Friday, 13 November 2020,
being the Record Date of the annual general meeting.
**Based on the total number of shares that voted at the annual general meeting, excluding abstentions.

All the resolutions, with the exception of the non-binding advisory votes on Ordinary Resolution 5 - Remuneration Policy
and Ordinary Resolution 6 – Implementation Report on the Remuneration Policy, were passed by the requisite number of
voting rights exercised.

More than 25% of the votes exercised by shareholders, were voted against the Company’s Remuneration Policy
(Ordinary Resolution 5) and the Implementation Report of the Remuneration Policy (Ordinary Resolution 6). In terms of
the recommendations of the King IV™ Report on Corporate Governance for South Africa, 2016 and paragraph 3.84(k) of
the JSE Limited Listings Requirements, the Sasol Remuneration Committee (the Committee), on behalf of the Board, will
engage with shareholders to better understand the reasons why they voted against these non-binding advisory
endorsements, to enable the Committee to consider these concerns.

Accordingly, any shareholder that voted against the non-binding advisory endorsements and who wishes to engage with
the Company regarding these matters, is requested to write to Ms T Sydow via email to <a href="mailto:investor.relations@sasol.com">investor.relations@sasol.com</a> by
close of business 15 January 2021, setting out any reason(s) for voting against the non-binding advisory endorsement(s),
and indicating whether such shareholder would be interested in participating in further engagement. The Company will
determine the format of such engagement once it has a better understanding as to the number of shareholders who wish
to engage with the Company.

23 November 2020
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 23-11-2020 07:05:00
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Ticker: 
SOL,SOLBE1
Headline Date: 
Monday, November 23, 2020
Publish Time: 
07:05:00
Source: 
Johannesburg Stock Exchange - SENS NEWS DELAYED
Headline ID: 
1043774736590439696