Grant and Acceptance of Share Awards by an Executive Director of Sasol Limited and Directors of Major Subsidiaries
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)
GRANT AND ACCEPTANCE OF SHARE AWARDS BY AN EXECUTIVE DIRECTOR OF
SASOL LIMITED AND DIRECTORS OF MAJOR SUBSIDIARIES OF SASOL LIMITED
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (Listings
Requirements), it is hereby announced that an executive director of Sasol Limited and
directors of major subsidiaries, have been granted, and have accepted, conditional share
awards in terms of Sasol's 2022 long-term incentive (LTI) Plan (the Plan).
The Board of Sasol Limited or the Sasol Remuneration Committee (the Committee), as
appropriate, approved the following on-appointment awards made on 15 November 2024 in
accordance with the rules of the Plan. The vesting of the awards will be subject to service
conditions and, on performance shares, the achievement of corporate performance targets
approved by the Board.
All prescribed officers and executive directors of Sasol Limited must meet minimum
shareholding requirements.
The rules of the Plan are available on the Sasol website at www.sasol.com.
Award date: 15 November 2024
Acceptance date: 25 November 2024
Vesting periods: a: 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
b: 100% after 3 years
30% of the award is subject to the achievement of corporate
performance targets to be achieved over the 3-year performance
period
Class of securities: Sasol ordinary shares
Nature of transaction: Annual LTI Award (off-market)
Price per share:1 R0,00
Nature and extent of interest: Direct beneficial
Surname and initials Company and designation Award Total value of the
(Number of shares) transaction
(ZAR)2
Bruns, WPa Sasol Limited: Director 110 950 10 374 935
Sasol Oil (Pty) Limited: Director
Sasol South Africa Limited: Director
Masangane, PCb Sasol Oil (Pty) Limited: Director 1 004 93 884
Note 1 Strike price per share is nil. The shares were awarded at R93,51 being the closing price on 14 November 2024 .
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has
been obtained for the transactions set out above.
21 November 2024
Sandton
Equity Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities
Date: 21-11-2024 08:48:00
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