SASOL LIMITED - Sasol Board commits to a 20% sacrifice on non-executive director Board fees proposed to shareholders at 2020 AGM

            
SOLBE1 SOL
Sasol Board commits to a 20% sacrifice on non-executive director Board fees proposed to shareholders at 2020 AGM

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL      NYSE: SSL
Sasol Ordinary ISIN codes:  ZAE000006896  US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(Sasol or Company)


SASOL BOARD COMMITS TO A 20% SACRIFICE ON NON-EXECUTIVE
DIRECTOR BOARD FEES PROPOSED TO SHAREHOLDERS AT 2020 ANNUAL
GENERAL MEETING

In Sasols notice of the annual general meeting (AGM) scheduled for 20 November
2020, Sasol included, as special resolution number 1, a proposal to enable it to pay
the same fees to its non-executive directors (NEDs) from 20 November 2020 as
approved by shareholders at Sasols 2018 AGM. Without the approval of such
special resolution, the Company cannot pay any remuneration to the NEDs for their
services to the Company as its directors.

In view of the significant challenges still facing Sasol and in acknowledgement of the
erosion of shareholder value over the past two years, the Board has agreed to
commit to a sacrifice of 20% on the Board fees proposed for approval at the 2020
AGM. This fee sacrifice shall remain in place until a revised fee proposal is
considered by shareholders at Sasols 2021 AGM. The 20% fee sacrifice will apply to
the Chairman fee and the Board fee as set out more fully in special resolution 1 in
Sasols 2020 notice of AGM.

The Remuneration Committee will ensure that a review of the fees payable to NEDs
is carried out with the objective of ensuring that a new resolution on Board fees is
proposed to shareholders at the 2021 AGM.

18 November 2020
Johannesburg

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 18-11-2020 07:05:00
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