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Johannesburg, South Africa – Sasol Limited ("Sasol"),  announced today that its wholly owned subsidiary Sasol Financing USA LLC (the “Issuer”) has priced an offering of US$-denominated, SEC-registered notes (the “Notes”), including $1 500 million of senior notes due March 2024 (the “2024 Notes”) and $750 million of senior notes due March 2028 (the “2028 Notes”).  The 2024 Notes will bear interest at a rate of 5.875% per annum.  The 2028 Notes will bear interest at a rate of 6.50% per annum.  The Notes will be general unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Sasol Limited.  The offering is expected to close on 27 September 2018, subject to customary closing conditions. The proceeds of the offering will be used to prepay a portion of the outstanding Lake Charles Chemicals Project (“LCCP”) project asset finance facility.

BofA Merrill Lynch, Citi and J.P. Morgan are acting as active Joint Book-Running Managers and Barclays, HSBC, Mizuho, MUFG, and SMBC were appointed as Passive Joint Book-Running Managers. Tamela Advisory was appointed as Black Economic Empowerment Partner to the Bookrunners. Rothschild & Co. together with Identity Advisory, advised Sasol.

The offering is being made only by means of a prospectus supplement and accompanying base prospectus.  A registration statement, preliminary prospectus supplement and accompanying base prospectus relating to the offering and containing detailed information about Sasol and management, as well as financial statements, have been filed with the Securities and Exchange Commission and are available on its website at http://www.sec.gov.  When available, copies of the final prospectus supplement and accompanying base prospectus for the offering may be obtained from: Citigroup Global Markets Inc., telephone: +1 800 831 9146; J.P. Morgan Securities plc, telephone: +44 20 3493 0682; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, telephone: +1 646 855 5958. 

This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, base prospectus or the shelf registration statement.

Forward-looking statements – Disclaimer: 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, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP) oil and gas reserves and cost reductions, including in connection with our Business Performance Enhancement Programme, Response Plan, Continuous Improvement programme and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast”, “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 are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 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.

MiFID II professionals / ECPs-only / No PRIIPs KID – No PRIIPs key information document (KID) has been prepared as not available to retail in EEA. No sales to retail clients in the EEA, as defined under MiFID II. Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).