Sasol Announces Pricing of Debut US$ Notes Offering

JOHANNESBURG, Nov. 6, 2012 /PRNewswire/ -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA OR JAPAN OR ANY OTHER STATE OR JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Sasol Limited (the "Company") announces the pricing of a public offering of 4.500% Notes due 2022 in an aggregate principal amount of US$1 billion. This transaction was executed on 6 November 2012.

Christine Ramon, Chief Financial Officer, said, "I am delighted with the results of our debut US$ Notes offering. The success of this offering, under quite challenging market conditions, confirms the international capital markets' confidence in Sasol's strong cash generation ability and robust balance sheet, while the 10-year tenor is well matched to our growth strategy."

Subject to customary conditions, the offering is expected to close on 14 November 2012. The offering was made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. The Notes are being issued by Sasol Financing International Plc, are unsecured and are fully and unconditionally guaranteed by the Company.  Sasol Financing International Plc is a wholly owned subsidiary of the Company.

The Company estimates that the net proceeds from the offering will be approximately US$985 million, after deducting discounts and estimated expenses. The Company intends to use the net proceeds of this offering for general corporate purposes, including funding capital investments.

Barclays Bank PLC, HSBC Bank plc and J.P. Morgan Securities plc are acting as joint bookrunners for the offering.

The offering is being made only by means of a prospectus supplement and accompanying base prospectus.  A preliminary prospectus supplement and accompanying base prospectus relating to the offering and containing detailed information about the Company and 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:  Barclays Capital Inc., telephone: 1-888-603-5847; HSBC Securities (USA) Inc., telephone: 1-866-811-8049; or J.P. Morgan Securities LLC, telephone: 1-800-245-8812.

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.

Contact: Sasol Investor Relations Team, Tel. +27 (0) 11 441 3113 / 3606 / 3562

SOURCE Sasol



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