Sasol Unveils Strategy to Drive Future Value-based Growth (2)

"We have also made an important call on commodity chemicals," says Nqwababa. "While we have a solid foundation business in commodity chemicals and the world-scale LCCP under construction in the US, the risk profile to execute such projects alone, in the future, is larger than what Sasol wishes to undertake. Such investments in feedstock-advantaged locations may still be considered, but we will not entertain wholly-owned investments in similar mega-projects, such as the LCCP, going forward."  

In line with enhancing its robust foundation, Sasol will continue to invest in extracting further value from its chemicals facilities in the US and South Africa, while also pursuing commodity chemicals investments where this can support the company's desire to grow its specialty chemicals portfolio.

"Our strong foundation competitively positions the company for ongoing value creation and future growth, underscored by a clear, focused strategy that taps into our core strengths and exploits potential in key growth markets," says Cornell.

"We will be executing our strategy in a phased, disciplined and progressive manner. Our growth ambitions will, of course, take into account our balance sheet, our earnings flow and ability to successfully execute our plans to ensure we deliver superior returns to our shareholders," concludes Nqwababa.

Note:

- Additional supporting information relating to Sasol's 2017 Capital Markets Day is available on the Investor Centre page of Sasol's corporate website at http://www.sasol.com.  

About Sasol: 

Sasol is an international integrated chemicals and energy company. Through our talented people, we use selected technologies to safely and sustainably source, produce and market chemical and energy products competitively to create superior value for our customers, shareholders and other stakeholders.

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, executing our growth projects, (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" 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 on Form 20-F filed on 28 August 2017 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.

Please note: A billion is defined as one thousand million. All references to years refer to the financial year 30 June.

Any reference to a calendar year is prefaced by the word "calendar".

Comprehensive additional information is available on our website: http://www.sasol.com

Contact: Cavan Hill Senior Vice President: Investor Relations Telephone: +27(0)10-344-9280 Alex Anderson Head of Group Media Relations Direct telephone: +27(0)10-344-6509 Mobile: +27(0)71-600-9605 alex.anderson@sasol.com Matebello Motloung Senior Specialist: Media Relations Direct telephone: +27(0)11-344-9256 Mobile: +27(0)83-773-9457 matebello.motloung@sasol.com