Grant and Acceptance of Share Awards
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, the Company, Equity issuer)
Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)
GRANT AND ACCEPTANCE OF SHARE AWARDS BY DIRECTORS, PRESCRIBED
OFFICERS AND THE ACTING COMPANY SECRETARY OF SASOL LIMITED AND
DIRECTORS OF MAJOR SUBSIDIARIES OF SASOL LIMITED
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (Listings
Requirements), it is hereby announced that directors, prescribed officers and the acting
company secretary of Sasol Limited, and the company secretary and directors of its major
subsidiaries, have been granted, and have accepted, conditional share awards in terms of
Sasol's 2022 Long-Term Incentive (LTI) Plan (the Plan).
The Board of Sasol Limited or the Sasol Remuneration Committee (the Committee), as
appropriate, approved the following on-appointment, retention and annual share awards made
on 26 August 2024 in accordance with the rules of the Plan. The vesting of the awards will be
subject to service conditions and, on performance shares, the achievement of corporate
performance targets (CPT) approved by the Board.
All prescribed officers and executive directors of Sasol Limited must meet minimum
shareholding requirements.
The rules of the Plan are available on the Sasol website at www.sasol.com.
Award date: 26 August 2024
Acceptance date: 6 September 2024
Vesting periods: In respect of performance shares (70% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (30% of the award):
100% after 5 years
Class of securities: Sasol ordinary shares
Nature of transaction: Annual LTI Award (off-market)
Price per share:1 R0,00
Nature and extent of interest: Direct beneficial
Surname and Company and designation On-appointment Annual Total value of
initials (Number of (Number of the transaction
shares) shares) (ZAR)2
Baloyi, S3 Sasol Limited: Director 121 720 30 430 22 499 942
Bester, V3 Sasol Limited: Prescribed 48 350 12 087 8 937 424
officer
Kahla, V D Sasol Limited: Director 65 915 9 747 510
Sasol South Africa Limited:
Director
Sasol Oil (Pty) Limited: Director
Mokoena, C K Sasol Limited: Prescribed 54 144 8 006 815
officer
Sasol South Africa Limited:
Director
Sasol Oil (Pty) Limited: Director
Pillay, S D3 Sasol Limited: Prescribed 43 142 10 785 7 974 725
officer
Wenhold, H Sasol Limited: Prescribed 39 608 5 857 231
officer
Note 1 Strike price per share is nil. The shares were awarded at R147,88 being the closing price on 23 August 2024 .
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.
Note 3 The award includes (i) the on-appointment award made at the time of appointment, which had to be delayed due to the individual
being placed under a precautionary closed period from 17 May 2024 to 20 August 2024, and (ii) the pro-rated annual LTI award.
Award date: 26 August 2024
Acceptance date: 6 September 2024
Vesting periods: In respect of performance shares (70% of the award):
50% after 3 years and the balance after 5 years
In respect of time restricted shares (30% of the award):
100% after 5 years
Retention award, no CPTs, 100% after 3 years
Class of securities: Sasol American Depository Receipts (ADRs)
Nature of transaction: Annual LTI Award (off-market)
Price per ADR:1 US$0,00
Nature and extent of interest: Direct beneficial
Surname and Company and Retention On- Annual Total value
initials designation (Number appointment (Number of the
of shares) (Number of of transaction
shares) shares) (USD)2
Gerber, A G M 3 Sasol Limited: Prescribed 85 378 715 468
officer
Sasol Chemicals (USA)
LLC: Director
Herrmann, C H 3 4 Sasol Limited: Prescribed 17 332 39 158 14 121 591 720
officer
Sasol Oil (Pty) Limited:
Director
Note 1 Strike price per share is nil. The shares were awarded at US$8,38 being the closing price on 23 August 2024.
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.
Note 3 The award includes (i) the on-appointment award made at the time of appointment, which had to be delayed due to the individual
being placed under a precautionary closed period from 17 May 2024 to 20 August 2024, and (ii) the pro-rated annual LTI award.
Note 4 Retention award made in March 2024 effective 17 May 2024, prior to the GEC appointment, delayed due to the individual being
placed under a precautionary closed period.
The following annual share awards have been made to the company secretary of Sasol
Limited and directors of its major subsidiaries:
Award date: 26 August 2024
Acceptance date: 6 September 2024
Vesting periods: a: 50% after 3 years and the balance after 5 years
b: 100% after 3 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:1 R0,00
Nature and extent of interest: Direct beneficial
Surname and Company and designation On- Annual Total value
initials appointment (Number of the
(Number of of shares) transaction
shares) (ZAR)2
Bengu, D La Sasol Oil (Pty) Limited: Director 18 625 2 754 625
Bruns, W Pa Sasol South Africa Limited: Director 19 005 2 810 459
Sasol Oil (Pty) Limited: Director
Joubert, Hb Sasol Limited: Acting Company 3 258 481 793
Secretary
Sasol South Africa Limited: Company
Secretary
Laxa, R Ma Sasol South Africa Limited: Director 19 435 2 874 048
Masangane, Pb Sasol Oil (Pty) Limited: Director 10 914 1 613 962
Mokomela, D Ta Sasol South Africa Limited: Director 8 500 14 792 3 444 421d
Moloi, D Ca Sasol Oil (Pty) Limited: Director 19 610 2 899 927
Niemand, Ma Sasol South Africa Limited: Director 8 500 15 897 3 607 828
Nndwammbi, N Ga Sasol South Africa Limited: Director 17 254 2 551 522
Sasol Oil (Pty) Ltd: Director
Powys, M Lb Sasol Oil (Pty) Ltd: Director 9 516 1 407 226
Note 1 Strike price per share is nil. The shares were awarded at R147,88 being the closing price on 23 August 2024 .
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.
Award date: 26 August 2024
Acceptance date: 6 September 2024
Vesting periods: 100% after 3 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 American Depository Receipts (ADRs)
Nature of transaction: Annual LTI Award (off-market)
Price per ADR1 US$0,00
Nature and extent of interest: Direct beneficial
Surname and initials Company and designation Annual Total value of the
(Number of transaction
shares) (USD)2
Stofberg, N Sasol Chemicals (USA) LLC: Director 16 071 134 675
Note 1 Strike price per share is nil. The shares were awarded at US$8,38 being the closing price on 23 August 2024.
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has
been obtained for the transactions set out above.
29 August 2024
Sandton
Equity Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities
Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Date: 29-08-2024 05:03:00
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