Results of the Annual General Meeting and General Meeting of Sasol Held on 26 November 2010

JOHANNESBURG, Nov. 26, 2010 /PRNewswire-FirstCall/ -- Sasol shareholders are advised that the results of the business conducted at the annual general meeting and general meeting, held immediately after the conclusion of the annual general meeting on Friday 26 November 2010 in Hyde Park, Johannesburg, South Africa (including the percentage of total number of shares voted) are as follows:

Annual general meeting

1.1. The annual financial statements of the Company, including the reports of the directors, audit committee and auditors for the year ended 30 June 2010 were accepted and adopted.

1.2. Mr L P A Davies, Dr M S V Gantsho, Mrs T H Nyasulu and Ms K C Ramon retired by rotation at the meeting and were re-elected individually for a further term of office in terms of Articles 75(d) and 75(e) of the Company's Articles of Association ("Sasol's Articles"):

Mr A Jain retired as a non-executive director of the Company with effect from today, 26 November 2010.  Messrs B P Connellan and T A Wixley will retire as non-executive directors of the Company with effect from 1 January 2011.

1.3. The two directors appointed by the board of directors of Sasol ("the Board") during the course of the calendar year, Mss V N Fakude and I N Mkhize retired at the annual general meeting, but were elected individually for a further term of office in terms of Article 75(i) of Sasol's Articles:

1.4. The director appointed by the Board during the course of the calendar year, Mr G A Lewin retired at the annual general meeting, but was elected for a further term of office in terms of Sasol's Articles:

1.5. KPMG Incorporated was automatically re-appointed as auditors of the Company until the conclusion of the next annual general meeting and it was noted that the Mr C H Basson would be the individual registered auditor who will undertake the audit of the Company for the financial year ending 30 June 2011.

1.6. Special Resolution number 1 to authorise the directors of the Company, in terms of the authority granted in Article 36(a) of Sasol's Articles, to approve the general repurchase by the Company, or by any of its subsidiaries, of the Company's ordinary shares, subject to the provisions of the Companies Act of 1973, as amended, and subject to the rules and requirements of the JSE Listings Requirements, was approved:

1.7. Special Resolution number 2 to amend Sasol's Articles by the insertion of a new article 86(i) to enable the directors of the Company to remove a director by majority vote as recommended by the King Code of Governance principles for South Africa, was approved:

1.8. Ordinary Resolution number 1 to obtain a non-binding advisory vote by shareholders on the Company's remuneration policy for the year ending 30 June 2011 as contained in the annual financial statements was approved:

1.9. Ordinary Resolution number 2 approving the revised annual emoluments payable by the Company or subsidiaries of the Company with effect from 1 July 2010 to non-executive directors of the Company was approved:

General meeting

2.1. Special Resolution number 1 amending Sasol's Articles to provide for the insertion of new definitions was approved:

2.2.  Special Resolution number 2 amending Sasol's Articles to provide for the bulk dematerialisation of Sasol BEE Ordinary Shares ("Bulk Dematerialisation") was approved:

2.3. Special Resolution number 3 amending Sasol's Articles to provide for the continued application of the contracts currently applicable in respect of Sasol BEE Ordinary Shares that are not dematerialised pursuant to the Bulk Dematerialisation, was approved:

2.4. Ordinary Resolution number 1 authorising the Transfers Secretaries to replace the share certificates of those Sasol Shareholders who elect to continue to hold their Sasol BEE Ordinary Shares in certificated form and to issue instead new share certificates reflecting the new alpha code and International Securities Identification Number was approved:

2.5. Special Resolution number 4 amending Sasol's Articles to incorporate those terms specific to the Sasol BEE Ordinary Shares which will form part of and must be read as if contained in the generic BEE contract applicable to shares listed on the proposed BEE Segment of the exchange operated by JSE Limited ("JSE") ("the BEE Segment"), was approved:

2.6. Special Resolution number 5 amending Sasol's Articles to revise the rights, privileges and restrictions applicable to the Sasol BEE Ordinary Shares so as to allow the holding of such shares either in certificated or dematerialised form and to take account of the listing on the proposed BEE Segment, was approved:

2.7. Special Resolution number 6 amending Sasol's Articles to provide for the contracts applicable to holders of Sasol BEE Ordinary Shares depending on whether they hold their shares in certificated or dematerialised form and granting the necessary authorities to enable dematerialisation to occur, was approved:

2.8. Special Resolution number 7 amending Sasol's Articles to provide for the limited circumstances in which the Company will be entitled to delist the Sasol BEE Ordinary Shares from the BEE Segment without shareholder approval, provided that it puts in place an alternative trading mechanism and provided further that the JSE Listing Requirements so provide at the time, was approved:

2.9. Special Resolution number 8 amending Sasol's Articles to permit the release by a Central Securities Depository Participant, broker and/or nominee company as the case may be, of the contact details of any Sasol Shareholder to Sasol, was approved:

2.10. Special Resolution number 9 approving the potential granting of financial assistance by the Company to the Sasol Inzalo Public Facilitation Trust to acquire Sasol BEE Ordinary Shares in certain cases mainly related to breaches of the contracts applicable to the Sasol BEE Ordinary Shares, was approved:

The special resolutions will be lodged with the Companies and Intellectual Property Registration Office for registration. Sasol elected to convene the general meeting knowing that the proposed amendments to the JSE's rules and requirements and the proposed amendments to the Strate rules and directives ("Proposed New Requirements") have not yet been formally approved and understanding that as a result, if there are material  changes, the JSE may request Sasol to issue a supplementary circular or additional announcement/s. Sasol also appreciates that until the Proposed New Requirements are approved, legally the JSE cannot approve the listing of the Sasol BEE Ordinary Shares on the BEE Segment. However, the JSE has indicated that it has no reason at this time to consider that there will be material changes to the Proposed New Requirements, and if there are no such changes, it will after the Proposed New Requirements have come into force, approve the listing of the Sasol BEE Ordinary Shares on the BEE Segment.

A further announcement will be made when the JSE formally approves the listing of the Sasol BEE Ordinary Shares on the BEE Segment and the necessary Proposed New Requirements are formally approved.

SOURCE Sasol

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