Sasol Limited: Voluntary Trading Statement for the Year Ended 30 June 2010

News provided by

Aug 04, 2010, 04:59 ET

JOHANNESBURG, South Africa, Aug. 4 /PRNewswire-FirstCall/ -- An overall improvement in market conditions, higher production volumes and cost containment have benefited earnings for the financial year ended 30 June 2010. Shareholders are accordingly advised that headline earnings per share (HEPS) for the year ended 30 June 2010 are expected to increase by 0% to 8%, and earnings per share (EPS) are expected to increase by 12% to 20% compared to the previous financial year.

The difference between HEPS and EPS is attributable to the impact of re-measurement items relating to the EGTL project in Nigeria and other impairments which were included in the prior financial year. Shareholders should also note the impact of significant once off items included in the prior financial year as reflected in the 2009 annual financial statements.

The Group remains strongly cash generative and maintains a healthy balance sheet.

Sasol's (JSE: SOL; NYSE: SSL ) financial results for the year ended 30 June 2010 will be announced on Monday, 13 September 2010.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company's external auditors.

Sasol Investor Relations

Tel.: +27 (0)11 441 3321 / 3563

Forward-looking statements:

In this document we 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 9 October 2009 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 under take any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

SOURCE Sasol Limited