Enhanced Investments - Financial Portal

Grant And Acceptance Of Share Awards By Directors, Prescribed Officers And The Company Secretary

Published: 2022-11-16 17:58:24 ET

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 or the Company)

GRANT AND ACCEPTANCE OF SHARE AWARDS BY DIRECTORS, PRESCRIBED
OFFICERS AND THE 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 executive directors, prescribed officers
and the company secretary of Sasol, and directors of its major subsidiaries, have been
granted, and have accepted, conditional share awards in terms of Sasol’s Long-Term
Incentive (LTI) Plan (the Plan).

The Board of Sasol Limited or the Sasol Remuneration Committee (the Committee), as
appropriate, approved the following annual share awards made on 10 November 2022 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
approved by the Board.

All prescribed officers and executive directors of Sasol must meet minimum shareholding
requirements.

The rules of the Plan are available on the Sasol website at www.sasol.com.

 Award date:                             10 November 2022
 Acceptance date:                        23 November 2022
 Vesting periods:                        In respect of performance shares (65% of the award):
                                         50% after 3 years and the balance after 5 years
                                         In respect of time restricted shares (35% 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                          Number   Total value of
 initials                                                              of    the transaction
                                                                     shares       (ZAR)2
 Baloyi, S          Sasol Limited: Prescribed officer                 10 681    3 249 694,25
                    Sasol Oil (Pty) Ltd: Director
 Brand, H C         Sasol Limited: Prescribed officer                  24 060      7 320 255,00
 Grobler, F R       Sasol Limited: Director                            57 976     17 639 198,00
 Kahla, V D         Sasol Limited: Director                            28 728      8 740 494,00
                    Sasol South Africa Limited: Director
                    Sasol Oil (Pty) Ltd: Director
 Mabelane, B P      Sasol Limited: Prescribed officer                  28 595      8 700 028,00
                    Sasol Oil (Pty) Ltd: Director
 Mokoena, C K                Sasol Limited: Prescribed officer                                     23 598          7 179 691,50
                             Sasol South Africa Limited: Director
                             Sasol Oil (Pty) Ltd: Director
Note 1 Strike price per share is nil. The shares were awarded at R304,25 being the closing price on 9 November 2022.
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.


 Award date:                                              10 November 2022
 Acceptance date:                                         23 November 2022
 Vesting periods:                                         In respect of performance shares (65% of the award):
                                                          50% after 3 years and the balance after 5 years
                                                          In respect of time restricted shares (35% of the award):
                                                          100% after 5 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 designation                                              Number          Total value of
 initials                                                                                         of           the transaction
                                                                                                shares              (USD)2
 Griffith, B V             Sasol Limited: Prescribed officer                                     37 603          632 106,43
                           Sasol Chemicals (USA) LLC: Director
Note 1 Strike price per share is nil. The shares were awarded at US$16,81 being the closing price on 9 November 2022.
Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.


The following annual share awards have been made to the company secretary of Sasol
Limited and directors of its major subsidiaries:

 Award date:                                                 10 November 2022
 Acceptance date:                                            23 November 2022
 Vesting periods:                                            a: 50% after 3 years and the balance after 5 years
                                                             b: 100% after 3 years
                                                             25% - 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                                              Number          Total value of
 initials                                                                                            of           the transaction
                                                                                                   shares              (ZAR)2
 Baijnath, Ba                 Sasol South Africa Limited: Director                                   9 792           2 979 216,00
                              Sasol Oil (Pty) Ltd: Director
 Du Toit, Mb                  Sasol Limited: Company Secretary                                         5 328           1 621 044,00
                              Sasol South Africa Limited: Company Secretary
 Khoele, G Lb                 Sasol Oil (Pty) Ltd: Director                                            4 710           1 433 017,50
 Laxa, R Ma                   Sasol South Africa Limited: Director                                     8 942           2 720 603,50
 Mokomela, D Tb               Sasol South Africa Limited: Director                                     5 543           1 686 457,75
 Nndwammbi, N Ga              Sasol South Africa Limited: Director                                     8 233           2 504 890,25
                              Sasol Oil (Pty) Ltd: Director
 Powys, M Lb                  Sasol Oil (Pty) Ltd: Director                                            4 007           1 219 129,75
 Vilakazi, P Ma               Sasol Oil (Pty) Ltd: Director                                            7 413           2 255 405,25
                              Sasol South Africa Limited: Director
 Note 1 Strike price per share is nil. The shares were awarded at R304,25 being the closing price on 9 November 2022.
 Note 2 The total transaction value is the price per share multiplied by the number of Sasol ordinary shares / ADRs awarded.


 Award date:                                              10 November 2022
 Acceptance date:                                         23 November 2022
 Vesting periods:                                         a: 50% after 3 years and the balance after 5 years
                                                          b: 100% after 3 years
                                                          25% - 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               Company and designation                                              Number          Total value of
 initials                                                                                         of           the transaction
                                                                                                shares              (USD)2
 Stofberg, Nb              Sasol Chemicals (USA) LLC: Director                                    7 687              129 218,47
 Stouder, Ea               Sasol Chemicals (USA) LLC: Director                                   15 051              253 007,31
Note 1 Strike price per share is nil. The shares were awarded at US$16,81 being the closing price on 9 November 2022.
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.

16 November 2022
Sandton

Sponsor: Merrill Lynch South Africa (Pty) Limited t/a BofA Securities

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.