Sasol Limited - Resignation Of Chief Financial Officer And Executive Director

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Aug 26, 2013, 09:41 ET

JOHANNESBURG, Aug. 26, 2013 /PRNewswire/ -- Shareholders are advised in terms of paragraph 3.59 of the JSE Listings Requirements that Ms. Christine Ramon has resigned as Chief Financial Officer and Executive Director from Sasol Limited (JSE: SOL; NYSE: SSL) as well as from all other directorships and offices she holds at the company and its subsidiaries and/or affiliated entities.

We have agreed that Ms Ramon's last day in the office will coincide with the announcement of the company's year-end results on the 9th of September 2013.

"Christine joined Sasol in 2006, and has been a key member of the group executive committee and the Sasol Limited Board throughout her tenure. Over her 7-year career at the company, Christine has been part of landmark transactions such as the Sasol Inzalo Black Economic Empowerment deal in 2008 and our Canadian gas acquisitions in 2010/11. In addition, she drove several important initiatives, including the corporate structure simplification process, which commenced in 2011, and the successful $1 billion bond issuance last year. Under her financial stewardship, Sasol maintained a prudent balance sheet and sound financial risk management processes," said chief executive officer, David Constable, earlier today.

"I feel honoured and privileged to have been inspired by and to have worked with great people and a strong team at Sasol for more than 7 years in building a successful company. I will continue to follow Sasol with much interest in the future," said Christine Ramon.

To ensure a seamless transition, Paul Victor, who is currently Executive: Group Finance, has been appointed as Acting Chief Financial Officer and Executive Director of Sasol Limited with effect from 10 September 2013.

Sponsor: Deutsche Securities (SA) Proprietary Limited

Sasol Investor Relations Team
Tel.: +27 (0)11 441 3113

Forward-looking statement 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 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.

SOURCE Sasol Limited