SOL & SSL: General Meeting of Shareholders to Authorise a Specific Repurchase

JOHANNESBURG, South Africa, Sept. 7  /PRNewswire-FirstCall/ -- General meeting of shareholders to authorise a specific repurchase by Sasol of its own ordinary shares held by a wholly-owned subsidiary.

A circular will be posted to shareholders on 11 September 2006, including a notice convening a general meeting to be held at 09:00 on Tuesday, 3 October 2006 at the Sasol Limited Auditorium, 1 Sturdee Avenue, Rosebank, Johannesburg for the purpose of considering, and if deemed fit, passing a special resolution to implement a specific repurchase of shares as set out below.

  1. Introduction and rationale for the specific repurchase Sasol Investment
     Company (Proprietary) Limited ("Sasol Investment  Company") acquired
     ordinary shares in Sasol between 2000 and 2004 pursuant to general
     authorities granted to Sasol by its ordinary shareholders. Currently,
     Sasol Investment Company owns a total of 60 111 477 Sasol shares
     ("treasury shares"), constituting approximately 8,8% of the entire
     ordinary issued share capital of Sasol.

     Subject to the passing of the requisite special resolution, Sasol will
     repurchase the treasury shares from Sasol Investment Company following
     which, they will be cancelled as issued shares and restored to the
     status of authorised shares. The repurchase of the treasury shares will
     be implemented in order to create additional capacity for Sasol to
     purchase a further 10% of its own shares.

  2. The specific repurchase Sasol and Sasol Investment Company entered into
     a share acquisition and disposal agreement on 31 August 2006. In terms
     of that agreement, Sasol will, subject to the approval of Sasol
     ordinary shareholders, acquire the treasury shares from Sasol
     Investment Company.

     The acquisition will occur on or about 6 October 2006. The shares will
     be acquired at market value and cancelled upon acquisition. As the
     specific repurchase is intra-group, it will have no financial effect on
     Sasol or its shareholders, other than in respect of transaction costs,
     including uncertificated securities tax, that are normally incurred in
     transactions of this nature.

  3. Conditions
     The repurchase is subject to the passing at the general meeting
     referred to above, of a special resolution necessary to implement the
     repurchase and the subsequent registration thereof by the Registrar of
     Companies. In terms of the Listings Requirements of the JSE Limited and
     the provisions of the Companies Act, 61 of 1973, Sasol Investment
     Company will be excluded from voting at the general meeting.
     Shareholders will also be requested to pass a special resolution
     granting a general authority for Sasol and/or its subsidiaries to
     purchase its ordinary shares up to a maximum of 10% of the issued share
     capital of Sasol.

  Regards

  The Sasol Investor Relations team
  Tel.: [phone]/3321
  

DATASOURCE: Sasol



CONTACT:  The Sasol Investor Relations team, [phone]/3563/3321,

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