Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration No.: 1979/003231/06)
Share code JSE: SOL NYSE: SSL
ISIN: ZAE000006896 US8038663006
("Sasol")
MEDIA RELEASE
SASOL INZALO EXCEEDS ALL EXPECTATIONS
Response to the Sasol Inzalo Black Public Invitations has far
exceeded expectation in terms of its broad-based appeal and the
invitations are almost four times oversubscribed with the funded
invitation receiving the bulk of the applications.
As a testimony to the broad-based attraction of the invitations,
95% of the applications received were for 200 shares, or less.
"We had a high end target of bringing 200 000 new shareholders
into Sasol through Inzalo and at this stage, we have about 309
000 applicants, the vast majority of whom are individuals seeking
200 shares or less," said Sasol Chief Executive, Pat Davies.
In addition to the huge numbers of applications received, Inzalo
has been well received by both men and women, with a strong
showing by women at 47% of the applications.
Since the close of the invitations, a detailed process of
reconciliation and collation has been underway, to allow for the
due processing of the applications.
A cornerstone of the Sasol Inzalo invitations was to create a
transaction that would offer truly broad-based empowerment to a
mass of people.
"The success of Inzalo has been way beyond our expectations and
the consequence of this unprecedented response is that the
transaction will not be able to accommodate everyone to their
full expectation," Davies said.
The Inzalo commitment to shareholder development of a broad-based
nature remains firm. The share allocation model was designed to
ensure that shares will be issued in a "bottom up" approach. Any
applicants seeking small numbers of shares will be accommodated
first - in full or in part. This will ensure the Sasol objectives
of a fundamentally broad-based Inzalo shareholder profile will be
fulfilled. Allocations further up the pyramid will be made on a
pro-rata basis, based on the number of shares applied for by the
applicant, as well as the number of shares available.