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Grant and Acceptance of Share Awards by Directors, Prescribed Officers 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” or “Company”)

GRANT AND ACCEPTANCE OF SHARE AWARDS BY DIRECTORS AND PRESCRIBED
OFFICERS OF SASOL LIMITED AND DIRECTORS OF MAJOR SUBSIDIARIES OF
SASOL LIMITED

In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Sasol hereby
announces that executive directors, prescribed officers of Sasol, and directors of major
subsidiaries of Sasol, have been granted, and have accepted, conditional share awards in
terms of the Sasol Long-Term Incentive (“LTI”) Plan (“the Plan”).

The Board or the Sasol Remuneration Committee (“the Committee”), as appropriate,
approved the share awards made on 4 December 2020 in accordance with the rules of the
Plan.

65% of the LTI award for prescribed officers and directors of Sasol is in the form of
performance shares and vesting thereof will be subject to service conditions and the
achievement of the following corporate performance targets:

FY21 | Performance period from 1 July 2020 – 30 June 2023

MEASURE WEIGHTING THRESHOLD (0%) TARGET (100%) STRETCH TARGET (200%)

Deliver 150 MW of Deliver 200 MW of Deliver 300 MW of
Climate Change 25% renewable energy by 30 renewable energy by 30 renewable energy by 30
June 2023 June 2023 June 2023
ROIC (excl. AUC) at SA ROIC (excl. AUC) at SA ROIC (excl. AUC) at SA

ROIC rest of 35% WACC of 13,5% per WACC of 13,5% + 1% = WACC of 13,5% +2% =
Sasol annum 14,5% per annum 15,5% per annum
ROIC (excl. AUC) at US ROIC (excl. AUC) at US ROIC (excl. AUC) at US

ROIC USA 10% WACC of 8% per WACC of 8% + 0,5% = WACC of 8% + 1% = 9%
annum 8,5% per annum per annum

TSR measured
against the peer 30% Below the 50th 60th percentile of the index 75th percentile of the index
percentile of the index

group
ROIC (return on invested capital)
AUC (assets under construction)
WACC (weighted average cost of capital)
TSR (total shareholder return)

The performance period over which the above targets must be met, is three years. Of the
performance shares, 50% will vest subject to the achievement of these performance
conditions after three years and the balance, subject to the fulfilment of service conditions,
will vest after five years from the date of the award. The remaining 35% of the LTI award is
in the form of time restricted shares, with a vesting period of five years.

All prescribed officers and executive directors of Sasol must meet minimum shareholding
requirements.
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 <a href="http://www.sasol.com&quot; target="_blank">www.sasol.com</a&gt;.

The following awards have been made to prescribed officers and directors of Sasol and
major subsidiaries:

Award date: 4 December 2020
Acceptance date: 14 December 2020
Vesting periods: In respect of performance shares (65% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (35% of the award)
100% after 5 years
Class of securities: Sasol ordinary shares
Nature of transaction: Annual LTI Award (off-market)
Price per share* R129,58
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value of
initials of the transaction
shares (ZAR)**
Brand, H C Prescribed Officer Sasol Limited 51 781 6 709 781,98
Grobler, F R Director Sasol Limited 145 855 18 899 890,90
Kahla, V D Director Sasol Limited 61 832 8 012 190,56
Sasol South Africa
Limited
Sasol (USA) Corporation
Sasol Oil (Pty) Ltd
Klingenberg, B E Prescribed Officer Sasol Limited 72 072 9 339 089,76
Director Sasol Chemicals (USA)
LLC
Sasol Oil (Pty) Ltd
Mokoena, C K Prescribed Officer Sasol Limited 50 790 6 581 368,20
Director Sasol South Africa
Limited
Sasol Oil (Pty) Ltd
Victor, P Director Sasol Limited 88 191 11 427 789,78
Sasol (USA) Corporation

Award date: 4 December 2020
Acceptance date: 14 December 2020
Vesting periods: In respect of performance shares (65% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (35% of the award)
100% after 5 years
Class of securities: Sasol American Depository Receipts (ADRs)
Nature of transaction: Annual LTI Award (off-market)
Price per share* US$8,45
Nature and extent of interest: Direct beneficial
Surname and Designation Company Number Total value of
initials of the transaction
shares (USD)**
Griffith, B V Prescribed Officer Sasol Limited 60 532 511 495,40
Director Sasol (USA)
Corporation
* Strike price per share is nil. The shares were awarded at US$8,45 being the closing price on 3 December 2020.
** The total transaction value is the Price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.

The following awards have been made to directors of major subsidiaries of Sasol Limited:

Award date: 4 December 2020
Acceptance date: 14 December 2020
Vesting periods: 50% after 3 years and the balance after 5 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* R129,58
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value of
initials of the transaction
shares (ZAR)**
Baijnath, B Director Sasol South Africa 19 845 2 571 515,10
Limited
Booley, T Director Sasol South Africa 19 863 2 573 847,54
Limited
Sasol Oil (Pty) Ltd
Khoele, G L Director Sasol Oil (Pty) Ltd 10 081 1 306 295,98
Laxa, R M Director Sasol South Africa 20 335 2 635 009,30
Limited
Nndwammbi, N Director Sasol South Africa 17 004 2 203 378,32
G Limited
Sasol Oil (Pty) Ltd
Stofberg, N Director Sasol Chemicals (USA) 10 675 1 383 266,50
LLC
Syed, F Director Sasol Oil (Pty) Ltd 14 905 1 931 389,90
Vilakazi, P M*** Director Sasol Oil (Pty) Ltd 15 897 2 059 933,26
Sasol South Africa
Limited
* Strike price per share is nil. The shares were awarded at R129,58 being the closing price on 3 December 2020.
** The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.
*** Includes on-appointment LTI award.

Clearance to deal has been obtained for all the transactions set out above in terms of
paragraph 3.66 of the JSE Listings Requirements.

7 December 2020
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 07-12-2020 03:22:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

Grant and Acceptance of Share Awards by Directors, Prescribed Officers 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” or “Company”)

GRANT AND ACCEPTANCE OF SHARE AWARDS BY DIRECTORS AND PRESCRIBED
OFFICERS OF SASOL LIMITED AND DIRECTORS OF MAJOR SUBSIDIARIES OF
SASOL LIMITED

In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Sasol hereby
announces that executive directors, prescribed officers of Sasol, and directors of major
subsidiaries of Sasol, have been granted, and have accepted, conditional share awards in
terms of the Sasol Long-Term Incentive (“LTI”) Plan (“the Plan”).

The Board or the Sasol Remuneration Committee (“the Committee”), as appropriate,
approved the share awards made on 4 December 2020 in accordance with the rules of the
Plan.

65% of the LTI award for prescribed officers and directors of Sasol is in the form of
performance shares and vesting thereof will be subject to service conditions and the
achievement of the following corporate performance targets:

FY21 | Performance period from 1 July 2020 – 30 June 2023

MEASURE WEIGHTING THRESHOLD (0%) TARGET (100%) STRETCH TARGET (200%)

Deliver 150 MW of Deliver 200 MW of Deliver 300 MW of
Climate Change 25% renewable energy by 30 renewable energy by 30 renewable energy by 30
June 2023 June 2023 June 2023
ROIC (excl. AUC) at SA ROIC (excl. AUC) at SA ROIC (excl. AUC) at SA

ROIC rest of 35% WACC of 13,5% per WACC of 13,5% + 1% = WACC of 13,5% +2% =
Sasol annum 14,5% per annum 15,5% per annum
ROIC (excl. AUC) at US ROIC (excl. AUC) at US ROIC (excl. AUC) at US

ROIC USA 10% WACC of 8% per WACC of 8% + 0,5% = WACC of 8% + 1% = 9%
annum 8,5% per annum per annum

TSR measured
against the peer 30% Below the 50th 60th percentile of the index 75th percentile of the index
percentile of the index

group
ROIC (return on invested capital)
AUC (assets under construction)
WACC (weighted average cost of capital)
TSR (total shareholder return)

The performance period over which the above targets must be met, is three years. Of the
performance shares, 50% will vest subject to the achievement of these performance
conditions after three years and the balance, subject to the fulfilment of service conditions,
will vest after five years from the date of the award. The remaining 35% of the LTI award is
in the form of time restricted shares, with a vesting period of five years.

All prescribed officers and executive directors of Sasol must meet minimum shareholding
requirements.
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 <a href="http://www.sasol.com&quot; target="_blank">www.sasol.com</a&gt;.

The following awards have been made to prescribed officers and directors of Sasol and
major subsidiaries:

Award date: 4 December 2020
Acceptance date: 14 December 2020
Vesting periods: In respect of performance shares (65% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (35% of the award)
100% after 5 years
Class of securities: Sasol ordinary shares
Nature of transaction: Annual LTI Award (off-market)
Price per share* R129,58
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value of
initials of the transaction
shares (ZAR)**
Brand, H C Prescribed Officer Sasol Limited 51 781 6 709 781,98
Grobler, F R Director Sasol Limited 145 855 18 899 890,90
Kahla, V D Director Sasol Limited 61 832 8 012 190,56
Sasol South Africa
Limited
Sasol (USA) Corporation
Sasol Oil (Pty) Ltd
Klingenberg, B E Prescribed Officer Sasol Limited 72 072 9 339 089,76
Director Sasol Chemicals (USA)
LLC
Sasol Oil (Pty) Ltd
Mokoena, C K Prescribed Officer Sasol Limited 50 790 6 581 368,20
Director Sasol South Africa
Limited
Sasol Oil (Pty) Ltd
Victor, P Director Sasol Limited 88 191 11 427 789,78
Sasol (USA) Corporation

Award date: 4 December 2020
Acceptance date: 14 December 2020
Vesting periods: In respect of performance shares (65% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (35% of the award)
100% after 5 years
Class of securities: Sasol American Depository Receipts (ADRs)
Nature of transaction: Annual LTI Award (off-market)
Price per share* US$8,45
Nature and extent of interest: Direct beneficial
Surname and Designation Company Number Total value of
initials of the transaction
shares (USD)**
Griffith, B V Prescribed Officer Sasol Limited 60 532 511 495,40
Director Sasol (USA)
Corporation
* Strike price per share is nil. The shares were awarded at US$8,45 being the closing price on 3 December 2020.
** The total transaction value is the Price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.

The following awards have been made to directors of major subsidiaries of Sasol Limited:

Award date: 4 December 2020
Acceptance date: 14 December 2020
Vesting periods: 50% after 3 years and the balance after 5 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* R129,58
Nature and extent of interest: Direct beneficial

Surname and Designation Company Number Total value of
initials of the transaction
shares (ZAR)**
Baijnath, B Director Sasol South Africa 19 845 2 571 515,10
Limited
Booley, T Director Sasol South Africa 19 863 2 573 847,54
Limited
Sasol Oil (Pty) Ltd
Khoele, G L Director Sasol Oil (Pty) Ltd 10 081 1 306 295,98
Laxa, R M Director Sasol South Africa 20 335 2 635 009,30
Limited
Nndwammbi, N Director Sasol South Africa 17 004 2 203 378,32
G Limited
Sasol Oil (Pty) Ltd
Stofberg, N Director Sasol Chemicals (USA) 10 675 1 383 266,50
LLC
Syed, F Director Sasol Oil (Pty) Ltd 14 905 1 931 389,90
Vilakazi, P M*** Director Sasol Oil (Pty) Ltd 15 897 2 059 933,26
Sasol South Africa
Limited
* Strike price per share is nil. The shares were awarded at R129,58 being the closing price on 3 December 2020.
** The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.
*** Includes on-appointment LTI award.

Clearance to deal has been obtained for all the transactions set out above in terms of
paragraph 3.66 of the JSE Listings Requirements.

7 December 2020
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 07-12-2020 03:22:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.