Sasol Announces Completion of US$4 Billion Credit Facility for its World-Scale Ethane Cracker and Derivatives Complex in Louisiana

PR59042

JOHANNESBURG and LAKE CHARLES, Louisiana, Dec. 22 / PRN=KYODO JBN/ --

    Sasol Limited (Sasol) (JSE: SOL; NYSE: SSL) today announced the completion

of a US$4 billion credit facility for its ethane cracker and derivatives at its

existing site in Lake Charles, Louisiana.

    "Securing this financing facility is another key milestone in advancing a

defining project for the company," said Paul Victor, Acting Chief Financial

Officer, Sasol Limited.

"The support from a large number of international financial institutions is a

testament to Sasol's strong standing within the global financial markets."

    A syndicate of 18 international banks and other financial institutions are

lenders for the credit facility. The syndicate consists of:

    - Book-runners and joint lead arrangers: The Bank of Tokyo-Mitsubishi UFJ,

Ltd.; BNP PARIBAS; HSBC Bank USA, National Association; Intesa Sanpaolo S.p.A.;

JPMorgan Chase Bank, N.A.; Merrill Lynch, Pierce, Fenner & Smith Incorporated;

Mizuho Bank, Ltd.; Sumitomo Mitsui Banking Corporation and Citibank, N.A.

    - Joint lead arrangers: Absa Bank Limited; KfW IPEX-Bank GmbH; Industrial

and Commercial Bank of China Limited; ING Capital LLC; Korea Development Bank

and SG Americas Securities LLC.

    - Managers: Export Development Canada; Deutsche Bank AG and UniCredit Bank

Austria AG.

    The Bank of Tokyo-Mitsubishi UFJ, Ltd.is the administrative agent, Bank of

America, N.A. is the account bank, and HSBC Bank USA, National Association is

the security trustee for the credit facility. The Royal Bank of Scotland plc

acted as the project's financial advisor, and Latham & Watkins LLP served as

legal advisor for the project. Skadden, Arps, Slate, Meagher & Flom LLP advised

the lenders.

    In October, Sasol announced its final investment decision relating to a

US$8.9 billion petrochemical complex, which consists of an ethane cracker that

will produce 1.5 million tons of ethylene annually. The complex will also

comprise six chemical manufacturing plants, enabling infrastructure and utility

improvements.

    The remainder of the funds required for construction will be raised in a

phased manner from a variety of potential sources, including surplus cash

available in the group.

Additional funding will be announced as it is secured.

    Forward-looking statements: Sasol may, in this document, make certain

statements that are not historical facts and relate to analyses and other

information which are based on forecasts of future results and estimates of

amounts not yet determinable. These statements may also relate to our future

prospects, developments and business strategies. Examples of such

forward-looking statements include, but are not limited to, statements

regarding exchange rate fluctuations, volume growth, increases in market share,

total shareholder return and cost reductions. Words such as "believe",

"anticipate", "expect", "intend", "seek", "will", "plan", "could", "may",

"endeavour" 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

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 are discussed more fully in our most

recent annual report under the Securities Exchange Act of 1934 on Form 20-F

filed on 29 September 2014 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 both these factors and other

uncertainties and events.

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.

    About Sasol:

    Committed to excellence in all that we do, Sasol is an international

integrated energy and chemical company that leverages the talent and expertise

of our more than 33 000 people working in 37 countries. We develop and

commercialise technologies, and build and operate world-scale facilities to

produce a range of product streams, including liquid fuels, high-value

chemicals and low-carbon electricity.

    While remaining committed to our home-base of South Africa, Sasol is

expanding internationally based on a unique value proposition.

    SOURCE: Sasol Limited