PR88480

JOHANNESBURG, March 12, 2021 /PRNewswire=KYODO JBN/ --

    Sasol Limited ("Sasol") herewith announces that its wholly owned subsidiary

Sasol Financing USA LLC (the "Issuer") has priced an offering of

US$-denominated, SEC-registered notes (the "Notes"), including $650 million of

senior notes due 2026 (the "2026 Notes") and $850 million of senior notes due

2031 (the "2031 Notes"). The 2026 Notes will bear interest at a rate of 4,375%

per annum. The 2031 Notes will bear interest at a rate of 5,50% per annum. The

total orderbook amounted to approximately $4 600 million, which represents an

oversubscription of more than 3 times.

    "We are very pleased with the uptake and interest in our senior notes. This

issue is an important step in sharpening our focus on balance sheet management

under volatile conditions," said Paul Victor, Chief Financial Officer, Sasol

Limited. "It is testament to the high quality of our credit profile and a

strong vote of confidence in Future Sasol."

    The Notes will be general unsecured obligations of the Issuer and will be

fully and unconditionally guaranteed by Sasol Limited. The offering is expected

to close on 18 March 2021, subject to customary closing conditions. The

proceeds of the offering will be used for partial repayment of outstanding

revolving credit facility (RCF) balances and is therefore leverage neutral.

    BofA Securities acted as Global Coordinator. BofA Securities, Citigroup,

Mizuho and MUFG acted as active Joint Book-Running Managers. ABN AMRO, BNP

Paribas, Deutsche Bank, Intesa Sanpaolo, J.P. Morgan, SMBC and UniCredit were

appointed as Passive Joint Book-Running Managers.

    The offering is being made only by means of a prospectus supplement and

accompanying base prospectus. A registration statement, preliminary prospectus

supplement and accompanying base prospectus relating to the offering and

containing detailed information about Sasol and its management, as well as

financial statements, have been filed with the Securities and Exchange

Commission and are available on its website at http://www.sec.gov. When

available, copies of the final prospectus supplement and accompanying base

prospectus for the offering may be obtained from: BofA Securities, Inc.,

telephone: +1 800 294 1322; Citigroup Global Markets Inc., telephone +1 800 831

9146; Mizuho International plc, telephone:+44 20 7090 6698; or MUFG Securities

Americas Inc., telephone: +1 877 649 6848.

    This announcement does not constitute an offer to sell or a solicitation of

an offer to buy, nor shall there be any sale of any of the securities in any

jurisdiction in which such offer, solicitation or sale would be unlawful prior

to registration or qualification under the securities laws of any such

jurisdiction. The securities being offered have not been approved or

disapproved by any regulatory authority, nor has any such authority passed upon

the accuracy or adequacy of the prospectus supplement, base prospectus or the

shelf registration statement.

    Issued by:

    Matebello Motloung,

    Manager: Group Media Relations

    Direct telephone: +27 (0) 10 344 9256; Mobile: +27 (0) 82 773 9457

    matebello.motloung@sasol.com

    About Sasol:

    Sasol is a global integrated chemicals and energy company. We harness our

knowledge and experience to integrate sophisticated technologies and process

into our world-scale operating facilities. We safely and sustainably source,

produce and market a range of high-value product streams in 30 countries,

creating superior value for our customers, shareholders and other stakeholders.

    About Sasol's Information Privacy Policy:

    We wish to inform you about the processing of your Personal Information by

Sasol South Africa Limited and your rights under applicable data protection

law, as interpreted and included in Sasol Information Privacy Policy.

    Within our company, only Sasol Group Media Relations will receive your

Personal Information to fulfil the purpose of maintaining the relationship with

the receiver in his/her capacity as a member of the media. You have the right

to request for the correction or deletion of your Personal Information stored

by us at address: Sasol Place, 50 Katherine Street, Sandton in Johannesburg.

You also have a right to restrict the processing of your Information. To

exercise your privacy rights or find out more about Information Privacy Policy,

kindly contact our Privacy Office on: privacy@sasol.com

    Forward-looking statements – Disclaimer: 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 the execution, timing and completion of the offering of the Notes and

the use of proceeds therefrom. Words such as "believe", "anticipate", "expect",

"intend", "seek", "will", "plan", "could", "may", "endeavour", "target",

"forecast", "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 in such forward-looking statements. 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 on Form 20-F filed on 24

August 2020 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 the 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.

    MiFIR professionals / ECPs-only / No PRIIPs KID – No PRIIPs/UK PRIIPs key

information document (KID) has been prepared as not available to retail in EEA

or the UK. No sales to retail clients in the EEA or the UK, as defined under

MiFID II and UK MiFIR. Manufacturer target market (UK MiFIR product governance)

is eligible counterparties and professional clients only (all distribution

channels).

    This communication is being distributed to, and is directed only at,

persons in the United Kingdom in circumstances where section 21(1) of the

Financial Services and Markets Act 2000 does not apply.

    Please note: One billion is defined as one thousand million. bbl – barrel,

bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil

references brent crude, mmboe – million barrels oil equivalent. All references

to years refer to the financial year 30 June. Any reference to a calendar year

is prefaced by the word "calendar".

    Source: Sasol Limited