As a testimony to the broad-based attraction of the invitations, 95% of the applications received were for 200 shares, or less.

 

"We had a high end target of bringing 200 000 new shareholders into Sasol through Inzalo and at this stage, we have about 309 000 applicants, the vast majority of whom are individuals seeking 200 shares or less," said Sasol Chief Executive, Pat Davies.

 

In addition to the huge numbers of applications received, Inzalo has been well received by both men and women, with a strong showing by women at 47% of the applications.

 

Since the close of the invitations, a detailed process of reconciliation and collation has been underway, to allow for the due processing of the applications.

 

A cornerstone of the Sasol Inzalo invitations was to create a transaction that would offer truly broad-based empowerment to a mass of people.

 

"The success of Inzalo has been way beyond our expectations and the consequence of this unprecedented response is that the transaction will not be able to accommodate everyone to their full expectation," Davies said.

 

The Inzalo commitment to shareholder development of a broad-based nature remains firm. The share allocation model was designed to ensure that shares will be issued in a "bottom up" approach. Any applicants seeking small numbers of shares will be accommodated first - in full or in part. This will ensure the Sasol objectives of a fundamentally broad-based Inzalo shareholder profile will be fulfilled. Allocations further up the pyramid will be made on a pro-rata basis, based on the number of shares applied for by the applicant, as well as the number of shares available.

 

As stated in the prospectus, where the full application cannot be met, the applicant will receive a refund in the appropriate amount of money by electronic transfer back into the applicant's specified personal bank account. Interest will be paid to the affected applicant from the closing date of 9 July, until the date of the refund, which is anticipated to be approximately six weeks.

 

In line with the prospectus, Sasol anticipates responding to applicants within 45 days of the closing date. The target date of 22 August has been determined and Sasol will endeavour to meet that deadline. Should the large volumes of applications require an extension to those 45 days the public will be informed.

 

Sasol will ensure the allocation strictly adheres to the guidelines detailed within the Inzalo prospectus to ensure a fair allocation of shares.

 

It is expected that new shareholders should begin to receive their "welcome packs" towards the end of August. The packs will contain their specific share allocation notice as well as information relating to Sasol, their rights and responsibilities as new shareholders, as well as administrative information.

 

Further information, relating to the final and confirmed number of shareholders as well as the allocation process will be made to the public via the media, after 19 August 2008.

 

The Sasol Inzalo call centre remains active and can be contacted on 0800 000 222.

 

The Sasol Inzalo black public invitations closed on 9 July 2008, following a 3 day extension, from the original closing date of 5 July. Sasol would like to thank South Africans for the enormous support and interest shown in the Inzalo transaction.