Sasol Obtains Approval for Mozambique Field Development Plan

PR63283

JOHANNESBURG, Feb 1 /PRNewswire=KYODO JBN/ --

    Sasol has obtained approval from the Mozambique Council of Ministers for

its field development plan (FDP) that will see further hydrocarbon resources

developed to support Southern Africa growth.

    To be developed in phases, the first phase of the Production Sharing

Agreement (PSA) licence area development proposes an integrated oil, LPG and

gas project adjacent to Sasol's existing Petroleum Production Agreement (PPA)

area. The PPA area is where natural gas from the Pande and Temane fields is

currently produced and processed in a central processing facility before being

transported via an 865-kilometre pipeline to gas markets in Mozambique and

South Africa.

    "The Mozambican gas industry is playing an increasingly important role in

the regional energy landscape, and this project represents a major milestone in

further developing natural resources, which will significantly benefit Southern

Africa" said David Constable, President and Chief Executive Officer, Sasol

Limited.

    "The PSA development is aligned with our commitment to both Mozambique and

South Africa, and will enable us to drive our broader 2050 strategy, which

reaffirms Sasol's longer term role in Southern Africa," concluded Constable.

    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 09 October 2015 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:

    Sasol is an international integrated chemicals and energy company that

leverages the talent and expertise of about 31 000 people working in 37

countries. We develop and commercialise technologies, and build and operate

world-scale facilities to produce a range of high-value product streams,

including liquid fuels, chemicals and low-carbon electricity.

    Issued by:

    Alex Anderson, Head of Group Media Relations

    Direct telephone: +27(0)11-441-3295; Mobile +27(0)71-600-9605;

    alex.anderson@sasol.com

    Matebello Motloung, Senior Specialist: Media Relations

    Direct telephone: +27(0)11-441-3252, Mobile : +27(0)83-773-9457

    matebello.motloung@sasol.com

    SOURCE: Sasol Limited