Johannesburg, South Africa {25 October 2018}– More than 140 university graduates from underprivileged backgrounds will be honoured this evening by the Sasol Foundation Trust for their exceptional achievements in science, technology engineering and mathematics.

Housed in this programme are beneficiaries of the Foundation’s Science and Engineering Undergraduate Bursary Programme, Science Fellowship Programme, Education Fellowship programme and STEM Teacher Support Programme.

“We would like to extend our heartfelt congratulations to the class of 2018.  They are a beacon of hope and inspiration to those seeking to one day be in their shoes.  We are proud of how far they have come, not only as individuals but also as successful academics”, said Charlotte Mokoena, Executive Vice President for Human Resources and Corporate Affairs.

Since its establishment in 2008, the Foundation’s mandate was to help alleviate bottlenecks in the country’s schooling system; boost the vocational skills pool; and create tertiary educational opportunities for learners from low income households in South Africa.

Ten years later, the Foundation has provided bursaries to more than 1500 beneficiaries from previously disadvantages communities, most of them women, to study towards degrees in science and engineering. Of these, more than 800 have obtained degrees with substantial publication outputs and patents by those at postgraduate level.

”In 2008, the foundation’s primary mandate was to drive STEM education at all levels of the education value chain across the country.  I sincerely believe that the past 10 years has seen the Foundation discharging this mandate with great pride and diligence.  I would once again like to thank and congratulate our partners for a successful tenure,  ” said Dr Yvonne Muthien, Chairperson of Sasol Inzalo Foundation.

Looking ahead

Although the Sasol Inzalo transaction reached the end of its tenure this year, the work of the Foundation continues.  Its mandate has been enhanced to include developing a strong foundation for early childhood education and has been renamed as the Sasol Foundation Trust.  The Foundation seeks to contribute to strengthening the education system by addressing the early stages of development of a child, challenges which if not addressed, impact cognitive development and hence affect learning later on. Through this mandate, a portfolio of programmes will be developed aimed at intervening in the entire education value chain.

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 2018 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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