Submitted by admin on Thu, 08/04/2022 - 10:53

Trading Statement for the financial year ended 30 June 2022

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share code: 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)

TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022

Sasol’s financial performance for the year ended 30 June 2022 (2022 financial year) was underpinned by
a favourable macroeconomic environment, with higher crude oil prices, refining margins and chemicals
prices against a backdrop of heightened geopolitical tensions. This resulted in a strong gross margin
improvement from the prior year, combined with robust cost and capital expenditure performance. These
benefits were partly offset by operational challenges in our integrated South African value chains which
resulted in lower production, as reported in the annual business performance metrics published on
25 July 2022 (https://www.sasol.com/investor-centre/financial-results).

Sasol´s adjusted earnings before interest, tax, depreciation and amortisation (adjusted EBITDA**) for the
2022 financial year is expected to increase by between 36% and 56% from R48,4 billion in the prior year,
to between R66,0 billion and R75,6 billion. This is mostly due to a strong recovery in Brent crude oil and
chemical prices, partly offset by realised oil hedging losses and lower Chemicals sales volumes.

Shareholders are advised that, for the 2022 financial year:
- Earnings per share (EPS) are expected to be between R60,59 and R63,51 compared to the prior year
earnings per share of R14,57 (representing an increase of more than 100%);
- Headline earnings per share (HEPS) are expected to be between R42,84 and R50,74 compared to
the prior year headline earnings per share of R39,53 (representing an increase by between 8% and
28%); and
- Core HEPS (CHEPS*) are expected to be between R65,21 and R70,76 compared to the prior year
CHEPS of R27,74.

Notable non-cash adjustments (before taxation) for the 2022 financial year include:
- Unrealised losses of R5,2 billion on the translation of monetary assets and liabilities and valuation of
financial instruments and derivative contracts;
- Net gain of R9,9 billion on remeasurement items, mainly due to:
- a gain of R4,9 billion on the realisation of the foreign currency translation reserve (FCTR) on the
divestment of Sasol Canada’s shale gas assets;
- a gain of R3,7 billion on the divestment of 30% equity interest in Republic of Mozambique
Pipelines Company (ROMPCO);
- a gain of R2,9 billion on the realisation of FCTR on the divestment of the European Wax
business; and
- a R1,4 billion reversal of impairment on the Chemicals Work Up
- partly offset by a loss on scrapping of property, plant and equipment of R2,8 billion in the
Chemicals America segment.

The financial information on which this trading statement is based has not been reviewed and reported on
by the Company's external auditors.

Sasol will release its 2022 annual financial results on Tuesday, 23 August 2022 at 09h00 (SA time)
followed by a conference call hosted by Fleetwood Grobler, our President and Chief Executive Officer
and Hanré Rossouw, our Chief Financial Officer.
Please connect to the call via the webcast link: https://www.corpcam.com/Sasol23082022 or via
teleconference call link:
https://services.choruscall.za.com/DiamondPassRegistration/register?con… the effectiveness of
any actions taken by Sasol to address or limit any impact of COVID-19 on its business; the capital cost of
our projects and the timing of project milestones; our ability to obtain financing to meet the funding
requirements of our capital investment programme, as well as to fund our ongoing business activities and
to pay dividends; statements regarding our future results of operations and financial condition, and
regarding future economic performance including cost containment, cash conservation programmes and
business optimisation initiatives; recent and proposed accounting pronouncements and their impact on
our future results of operations and financial condition; our business strategy, performance outlook, plans,
objectives or goals; statements regarding future competition, volume growth and changes in market share
in the industries and markets for our products; our existing or anticipated investments, acquisitions of new
businesses or the disposal of existing businesses, including estimates or projection of internal rates of
return and future profitability; our estimated oil, gas and coal reserves; the probable future outcome of
litigation, legislative, regulatory and fiscal developments, including statements regarding our ability to
comply with future laws and regulations; future fluctuations in refining margins and crude oil, natural gas
and petroleum and chemical product prices; the demand, pricing and cyclicality of oil, gas and
petrochemical product prices; changes in the fuel and gas pricing mechanisms in South Africa and their
effects on prices, our operating results and profitability; statements regarding future fluctuations in
exchange and interest rates and changes in credit ratings; total shareholder return; our current or future
products and anticipated customer demand for these products; assumptions relating to macroeconomics;
climate change impacts and our climate change strategies, our development of sustainability within our
Energy and Chemicals Businesses, our energy efficiency improvement, carbon and GHG emission
reduction targets, our net zero carbon emissions ambition and future low-carbon initiatives, including
relating to green hydrogen and sustainable aviation fuel; our estimated carbon tax liability; cyber security;
and statements of assumptions underlying such statements. Words such as “believe”, “anticipate”,
“expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and
similar expressions are intended to identify 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 and others are discussed more fully in our most recent annual report
on Form 20-F filed on 22 September 2021 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 foregoing 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.

Date: 04-08-2022 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

Ticker
SOL,SOLBE1
Headline Date
Publish Time
07:05:00
Headline ID
1058432600978233616

Trading Statement for the financial year ended 30 June 2022

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share code: 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)

TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022

Sasol’s financial performance for the year ended 30 June 2022 (2022 financial year) was underpinned by
a favourable macroeconomic environment, with higher crude oil prices, refining margins and chemicals
prices against a backdrop of heightened geopolitical tensions. This resulted in a strong gross margin
improvement from the prior year, combined with robust cost and capital expenditure performance. These
benefits were partly offset by operational challenges in our integrated South African value chains which
resulted in lower production, as reported in the annual business performance metrics published on
25 July 2022 (https://www.sasol.com/investor-centre/financial-results).

Sasol´s adjusted earnings before interest, tax, depreciation and amortisation (adjusted EBITDA**) for the
2022 financial year is expected to increase by between 36% and 56% from R48,4 billion in the prior year,
to between R66,0 billion and R75,6 billion. This is mostly due to a strong recovery in Brent crude oil and
chemical prices, partly offset by realised oil hedging losses and lower Chemicals sales volumes.

Shareholders are advised that, for the 2022 financial year:
- Earnings per share (EPS) are expected to be between R60,59 and R63,51 compared to the prior year
earnings per share of R14,57 (representing an increase of more than 100%);
- Headline earnings per share (HEPS) are expected to be between R42,84 and R50,74 compared to
the prior year headline earnings per share of R39,53 (representing an increase by between 8% and
28%); and
- Core HEPS (CHEPS*) are expected to be between R65,21 and R70,76 compared to the prior year
CHEPS of R27,74.

Notable non-cash adjustments (before taxation) for the 2022 financial year include:
- Unrealised losses of R5,2 billion on the translation of monetary assets and liabilities and valuation of
financial instruments and derivative contracts;
- Net gain of R9,9 billion on remeasurement items, mainly due to:
- a gain of R4,9 billion on the realisation of the foreign currency translation reserve (FCTR) on the
divestment of Sasol Canada’s shale gas assets;
- a gain of R3,7 billion on the divestment of 30% equity interest in Republic of Mozambique
Pipelines Company (ROMPCO);
- a gain of R2,9 billion on the realisation of FCTR on the divestment of the European Wax
business; and
- a R1,4 billion reversal of impairment on the Chemicals Work Up
- partly offset by a loss on scrapping of property, plant and equipment of R2,8 billion in the
Chemicals America segment.

The financial information on which this trading statement is based has not been reviewed and reported on
by the Company's external auditors.

Sasol will release its 2022 annual financial results on Tuesday, 23 August 2022 at 09h00 (SA time)
followed by a conference call hosted by Fleetwood Grobler, our President and Chief Executive Officer
and Hanré Rossouw, our Chief Financial Officer.
Please connect to the call via the webcast link: https://www.corpcam.com/Sasol23082022 or via
teleconference call link:
https://services.choruscall.za.com/DiamondPassRegistration/register?con… the effectiveness of
any actions taken by Sasol to address or limit any impact of COVID-19 on its business; the capital cost of
our projects and the timing of project milestones; our ability to obtain financing to meet the funding
requirements of our capital investment programme, as well as to fund our ongoing business activities and
to pay dividends; statements regarding our future results of operations and financial condition, and
regarding future economic performance including cost containment, cash conservation programmes and
business optimisation initiatives; recent and proposed accounting pronouncements and their impact on
our future results of operations and financial condition; our business strategy, performance outlook, plans,
objectives or goals; statements regarding future competition, volume growth and changes in market share
in the industries and markets for our products; our existing or anticipated investments, acquisitions of new
businesses or the disposal of existing businesses, including estimates or projection of internal rates of
return and future profitability; our estimated oil, gas and coal reserves; the probable future outcome of
litigation, legislative, regulatory and fiscal developments, including statements regarding our ability to
comply with future laws and regulations; future fluctuations in refining margins and crude oil, natural gas
and petroleum and chemical product prices; the demand, pricing and cyclicality of oil, gas and
petrochemical product prices; changes in the fuel and gas pricing mechanisms in South Africa and their
effects on prices, our operating results and profitability; statements regarding future fluctuations in
exchange and interest rates and changes in credit ratings; total shareholder return; our current or future
products and anticipated customer demand for these products; assumptions relating to macroeconomics;
climate change impacts and our climate change strategies, our development of sustainability within our
Energy and Chemicals Businesses, our energy efficiency improvement, carbon and GHG emission
reduction targets, our net zero carbon emissions ambition and future low-carbon initiatives, including
relating to green hydrogen and sustainable aviation fuel; our estimated carbon tax liability; cyber security;
and statements of assumptions underlying such statements. Words such as “believe”, “anticipate”,
“expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and
similar expressions are intended to identify 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 and others are discussed more fully in our most recent annual report
on Form 20-F filed on 22 September 2021 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 foregoing 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.

Date: 04-08-2022 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.