Sasol Disposes of its Investment in the Iranian Joint Venture Arya Sasol Polymer Company ("Arya")

AsiaNet 53984

JOHANNESBURG, Aug. 19 /PRN=KYODO JBN/ --

On 16 August 2013, Sasol Investment Company (Pty) Limited, a wholly owned

subsidiary of Sasol, entered into a definitive sale and share purchase

agreement pursuant to which Main Street 1095 (Pty) Limited, a South African

subsidiary of an Iranian investor, completed and effected the acquisition of

100% of the shares of SPI International (Pty) Limited ("SPII")("Transaction").  

SPII is the indirect owner of a 50% interest in Arya.  

As described in our most recent trading statement of 1 August 2013, the fair

value of Sasol's investment in Arya was written down to R2,3 billion.  This was

based on our assessment of the fair value of Arya as well as the accounting

requirement to recognise operating profits of approximately R1,6 billion for

the second half of the 2013 financial year.  

As a result of this Transaction, Sasol has no on-going investment in Iran.

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 12 October 2012 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 we do, Sasol is an international integrated

energy and chemical company that leverages the talent and expertise of our more

than 34 000 people working in 38 countries. We develop and commercialise

technologies, and build and operate world-scale facilities, to produce a range

of product streams, including liquid fuels, chemicals and electricity.

While continuing to support our home-base of South Africa, Sasol is expanding

internationally based on a unique value proposition, which links our diverse

businesses into an integrated value chain supported by top-class functions.

Issued by:

Alex Anderson, Group Media Manager

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

alex.anderson@sasol.com

Jacqui O'Sullivan, GM: Group Communication

Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;

jacqui.osullivan@sasol.com

SOURCE: Sasol