Sasol Issues US Dollar Senior Notes
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; Equity issuer)
Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing)
SASOL ISSUES US DOLLAR SENIOR NOTES
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
THE UNITED STATES OF AMERICA (EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS)
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
Sasol Limited ("Sasol") herewith announces that its wholly owned subsidiary Sasol Financing USA
LLC (the "Issuer") has priced an offering of US$-denominated, Rule 144A / Regulation S notes
(the "Notes"), being $750 million of notes due 2033. The Notes will bear a coupon at a rate of
8.750% per annum. The final order book amounted to approximately $2 800 million, which
represents an oversubscription of more than 3.7 times.
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 April 10, 2026, subject to
customary closing conditions. The proceeds of the offering will be used for repayment of existing
indebtedness, and general corporate purposes.
J.P. Morgan and MUFG acted as Joint Global Coordinators. Bank of China, BofA Securities,
Citigroup, Intesa Sanpaolo (IMI CIB Division), Mizuho, SMBC and Standard Chartered Bank
acted as Joint Bookrunners. ICBC acted as Passive Bookrunner.
1 April 2026
Sandton, Johannesburg
Equity Sponsor: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities
Debt Sponsor: Absa Corporate and Investment Bank, a division of Absa Bank Limited
Disclaimer
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 offering of the Notes will be made pursuant to an exemption under Regulation (EU)
2017/1129 (as amended or superseded) (the "Prospectus Regulation"), as implemented in
Member States of the European Economic Area, from the requirement to produce a prospectus
for offers of securities. This announcement does not constitute an advertisement for the
purposes of the Prospectus Regulation.
This announcement is not for publication or distribution, directly or indirectly, in or into the United
States. The Notes have not been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), or any U.S. state security laws. Accordingly, the Notes
are being offered and sold in the United States only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act and outside the United States to non-US
persons in accordance with Regulation S under the Securities Act. The Notes referred to herein
may not be offered or sold in the United States absent registration under the Securities Act, or an
exemption from registration. Any public offering of securities to be made in the United States will
be made by means of a prospectus that may be obtained from the issuer and that will contain
detailed information about the company and management, as well as financial statements.
The Notes being offered pursuant to an exception from the public offer prohibition contained in
the Public Offers and Admissions to Trading Regulations 2024 (the "POATRs") and accordingly
there will not be a prospectus prepared or published for the purposes of the POATRs or the
Prospectus Rules: Admission to Trading on a Regulated Market sourcebook.
MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II product
governance) is eligible counterparties and professional clients only (all distribution channels). No
PRIIPs key information document (KID) has been prepared as not available to retail in EEA.
UK MiFIR professionals/COBS ECPs-only/No UK PRIIPs KID – Manufacturer target market (UK
MiFIR product governance) is eligible counterparties and professional clients only (all distribution
channels). No UK PRIIPs key information document (KID) has been prepared as not available to
retail in UK.
The documentation detailing the investment or investment activity to which this press release
relates has not been approved by an authorized person in the United Kingdom and is for
distribution only to persons who (i) have professional experience in matters relating to
investments falling within Article 19(5) of the UK Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"), (ii) are
persons falling within Articles 49(2)(a) to (d) (high net worth companies, unincorporated
associations, etc.) of the Financial Promotion Order, (iii) are outside the United Kingdom or (iv)
are persons to whom an invitation or inducement to engage in investment activity within the
meaning of Section 21 of the UK Financial Services and Markets Act 2000 in connection with the
issue or sale of any securities may otherwise lawfully be communicated or caused to be
communicated (all such persons together being referred to as "relevant persons"). The
documentation detailing the investment or investment activity is directed only at relevant persons
and must not be acted on or relied on by persons who are not relevant persons. Any investment
or investment activity to which this press release relates is available only to relevant persons and
will be engaged in only with relevant persons.
Forward looking statements
Sasol may, in this document, make certain statements that are not historical facts that 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. 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 are discussed more fully in our most recent annual report on Form
20-F filed on August 31, 2022 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, and you should not place undue reliance on
forward-looking statements. 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.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU)
No 596/2014 ("MAR") and MAR as it forms part of domestic law in the United Kingdom by virtue
of the EUWA. The person responsible for the release of this information on behalf of the Issuer
is Elizna Viljoen, Group Company Secretary.
Date: 01-04-2026 07:05:00
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