Johannesburg, South Africa – Sasol Inzalo Public has announced its intention to list on the BEE Segment of the Main Board of the stock exchange operated by the JSE. The requisite documentation for listing is currently being reviewed by the JSE and neither the documentation nor the application for listing has been formally approved by the JSE.
    
If approved by the JSE, Sasol Inzalo Public shareholders will be approached for the approvals required to enable a listing. Sasol Inzalo Public was established by Sasol Limited in 2008 to allow previously disadvantaged South Africans an opportunity to acquire an interest in the company and to share in Sasol´s success. This includes black South Africans, B-BBEE-
owned companies and B-BBBEE controlled companies, as defined in the Broad-Based Black Economic Empowerment Act, No. 53 of 2003 (BEE Act). Sasol Inzalo Public indirectly owns 2,4% of Sasol´s total issued share capital.

The proposed listing of the ordinary shares in Sasol Inzalo Public on the JSE will provide existing and prospective holders of ordinary shares in Sasol Inzalo Public with access to a
licensed trading platform with the benefits of a globally recognised stock exchange in a regulated environment. This includes a market determined share price and exit mechanism,
while ensuring that Sasol Inzalo Public ordinary shares are traded exclusively amongst BEE compliant persons, as defined in the JSE Listings Requirements, for the remaining duration of the empowerment period, which commenced on 8 September 2008 and will end on 7 September 2018 (Empowerment Period).

The board of directors of Sasol Inzalo Public decided to list the ordinary shares in Sasol Inzalo Public on the JSE pursuant to a directive issued by the Financial Services Board (FSB) to
the effect that it would not allow existing single counter trading mechanisms to continue operating without a license under the Financial Markets Act 2012 (Act No 19 of 2012)(FMA). 

Sasol Inzalo Public has been granted an exemption to operate its existing trading mechanism until 30 November 2015. 

Commenting on the proposed listing, Ms Khungeka Njobe, Chairman and Independent Non-Executive Director of Sasol Inzalo Public, said "By listing Sasol Inzalo Public on the main board of the JSE, shareholders will be able to trade on a world-class stock exchange and benefit from the flexibility this platform offers. “

She added, “This is testament of the commitment to our shareholders and ensuring that we comply with all regulatory requirements". 

A pre-listing statement including full details of the proposed listing will be available on or about 23 October 2015.