JOHANNESBURG, South Africa, Oct. 30 /PRNewswire-FirstCall/ -- 1. Introduction and rationale for the specific repurchase Sasol Investment Company (Proprietary) Limited ("SIC") acquired ordinary shares in the share capital of Sasol between 7 March 2007 and 1 October 2008 pursuant to general authorities granted to Sasol by its shareholders. Currently SIC owns a total of 40 309 886 Sasol ordinary shares ("treasury shares"), constituting approximately 6,39% of Sasol's issued ordinary share capital as at 30 September 2008. The treasury shares have been purchased at an average of R298,92 per share. Sasol will request shareholders at its annual general meeting, to approve that Sasol repurchases 31 500 000 treasury shares from SIC, following which those shares will be cancelled as issued ordinary shares and restored to the status of authorised ordinary shares. Subsequent to the specific repurchase, SIC will continue to own 8 809 886 treasury shares, constituting approximately 1,4% of Sasol's issued ordinary share capital as at 30 September 2008. The specific repurchase of the treasury shares is being implemented in order to create additional capacity for Sasol or any of its subsidiaries to purchase ordinary Sasol shares, as and when Sasol shareholders authorise such repurchases, in accordance with the provisions of the Companies Act 61 of 1973 ("Companies Act") and the JSE listings requirements. 2. The specific repurchase Sasol and SIC entered into a Disposal and Acquisition of Shares agreement on 21 October 2008. In terms of that agreement, Sasol will, subject to the approval of Sasol shareholders and the final approval by two of the directors of Sasol, acquire 31 500 000 treasury shares from SIC. The acquisition will take effect on a date to be determined by two of Sasol's directors, following the fulfilment of the suspensive conditions (see below), but no later than 31 December 2008. The shares will be acquired at market value and cancelled upon acquisition. The specific repurchase will have no financial effect on Sasol or its shareholders, other than in respect of transaction costs, including securities transfer tax, that are normally incurred in transactions of this nature. As the specific repurchase is intra-group, the net cash position of the Sasol group will not change as a result of the specific repurchase (except for the payment of the transaction costs and securities transfer tax). 3. Suspensive conditions The specific repurchase is subject to the passing at the annual general meeting of Sasol scheduled for 28 November 2008 the special resolution necessary to implement the repurchase, the subsequent registration of the special resolution by the Registrar of Companies and approval by two Sasol directors of the repurchase, following the authority given to them by shareholders and the board of Sasol. In terms of the JSE listings requirements and the provisions of the Companies Act, SIC will be excluded from voting at the meeting. In terms of the JSE Listings Requirements Sasol ordinary shares held by The Sasol Inzalo Employee Trust and The Sasol Inzalo Management Trust will not have their votes taken into account for purposes of the approval of the special resolution regarding the specific repurchase. 4. Notice of annual general meeting The annual general meeting of members of Sasol will be held at 09:00 on 28 November 2008 at The Teatro, Mosaiek Lifestyle, Danielle Street (off Davidson Street), Fairland, Johannesburg, South Africa, to transact the business stated in the notice of annual general meeting. Notices of annual general meeting will be mailed to members by no later than 6 November 2008. Sasol Investor Relations team Tel.: +27 11 441 3113 / 3563 / 3321 About Sasol: Sasol is an integrated oil and gas company with substantial chemical interests. Based in South Africa and operating worldwide, Sasol is listed on the NYSE and JSE stock exchanges. We are the leading provider of liquid fuels in South Africa and a major international producer of chemicals. Sasol uses proprietary Fischer-Tropsch technologies for the commercial production of synthetic fuels and chemicals from low-grade coal and natural gas. We manufacture more than 200 fuel and chemical products that are sold worldwide. In South Africa we also operate coal mines to provide feedstock for our synthetic fuels plants. Sasol operates the only inland crude oil refinery in South Africa. The group produces crude oil in offshore Gabon, supplies Mozambican natural gas to end-user customers and petrochemical plants in South Africa, and with partners involved in gas-to-liquids fuel joint ventures in Qatar and Nigeria. Internet address: http://www.sasol.com/ Disclaimer - Forward-looking statements We may, in this document, make statements that are not historical facts and relate to analyses and other information based on forecasts of future results and estimates of amounts not yet determinable. These are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavor" 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 predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may be very different from those anticipated. The factors that could cause our actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements are discussed more fully in our registration statement under the Securities Exchange Act of 1934 on Form 20-F filed on November 21, 2007 and in other filings with the United States Securities and Exchange Commission. 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. DATASOURCE: Sasol Limited CONTACT: Sasol Investor Relations team, +27-11-441-3113, or +27-11-441-3563, or +27-11-441-3321, Web Site: http://www.sasol.com/

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