Maputo, Mozambique – Building on Sasol’s long standing commitment to investing in Mozambique, and recognising that Sasol’s commercial interests in Mozambique have helped Sasol to grow as a business, Sasol is making a contribution of US$40 million to Mozambique to ensure the sustainability and development of the country’s downstream gas industry including their industry enablers and derivative markets.

Through a series of discussions with the Ministry of Mineral Resources and Energy, held with a view to ensuring that the funding is put to best possible use, it has been agreed that US$35 million will be allocated to Central Termica de Ressano Garcia (CTRG) under the terms of a Ministerial Dispatch and a funding agreement signed on 3 October 2018 by the Ministry of Mineral Resources and Energy on behalf of the Government of Mozambique, Electricidade de Moçambique (EDM) and Sasol.

Said Peter Manoogian, Sasol Vice President for Mozambique Country Management: “The development of Mozambique’s gas resources has over the years broadened and diversified the country’s economy with gas from Pande and Temane contributing about 16% towards the extractive sector . We believe that the sector has the potential for an even greater contribution.”

“We have resolved that, through continued investment in the domestic market, we can play our part in unlocking the country’s gas resources to enable additional value creation in a number of areas from job creation, skills development to increased economic activity, tax flows and stimulating local businesses.”

According to Manoogian, the provision of the funding will help ensure security of electricity supply from CTRG, and to the development of the nascent vehicular gas market which operates on compressed natural gas.

Sasol may, in this document, make certain statements that are not historical facts that 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: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.

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