Statement on Sasol's Lake Charles Chemicals Complex
(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”)
STATEMENT ON SASOL’S LAKE CHARLES CHEMICALS COMPLEX
On 27 August 2020, Hurricane Laura made landfall near Sasol’s Lake Charles
Chemicals Complex in Southwest Louisiana.
Sasol activated its inclement weather protocols ahead of the storm at all affected Gulf
Coast locations in preparation for Hurricane Laura, with the primary concern being the
safety of our workforce, the protection of the environment and the integrity of our
facilities. Part of the response was to temporarily shut down facilities at Lake Charles,
Louisiana, as well as Greens Bayou and Winnie, Texas.
Sasol is supporting its employees in the impacted areas, assisting with temporary
housing, transportation and basic amenities for those affected by the storm.
The storm resulted in widespread electrical blackouts and other damage, preventing
Sasol from operating most utility systems. High voltage transmission line corridors
into the Lake Charles area are damaged, and the full assessment is still in progress
by a local power company. Sasol’s manufacturing facilities in Lake Charles remain
Operations recovery crews at the Lake Charles site have started the damage
assessment process, and early reports indicate no apparent damage to process
equipment and no flooding damage experienced as a result of storm surge. The high
wind speeds caused damage to the cooling towers at the Lake Charles Chemicals
Other Sasol manufacturing operations in the United States in Greens Bayou and
Winnie, Texas, were not impacted by the storm.
Start-up of the plants will depend on the availability of electricity, industrial gases, other
feedstocks and the restoration process. We are engaging with our customers and
suppliers regularly regarding the impacts on production.
Sasol has Atlantic Named Wind Storm (ANWS) insurance coverage for units under
construction as well as operating units.
Sasol will update the market as more certainty on the situation in Lake Charles is
obtained. We do not envisage that the hurricane will have an adverse impact on any
potential divestment transaction related to Sasol’s base chemical portfolio in the
31 August 2020
Sponsor: Merrill Lynch South Africa Proprietary Limited
Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts
and 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, expectations, developments and business strategies.
Examples of such forward-looking statements include, but are not limited to, the
impact of the novel coronavirus (COVID-19) pandemic on Sasol’s business, results
of operations, financial condition and liquidity and statements regarding the
effectiveness of any actions taken by Sasol to address or limit any impact of COVID-
19 on its business; statements regarding exchange rate fluctuations, changing crude
oil prices , volume growth, increases in market share, total shareholder return,
executing our growth projects (including LCCP), oil and gas reserves, cost
reductions, our climate change strategy and 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 and others are discussed more fully in our most recent annual report on Form
20-F filed on 24 August 2020 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.
Date: 31-08-2020 01:11:00
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