Trading statement for the six months ended 31 December 2012

         Trading statement for the six months ended 31 December 2012

PR Newswire

JOHANNESBURG, Feb. 8, 2013

JOHANNESBURG, Feb. 8, 2013 /PRNewswire/ -- Shareholders are advised that
Sasol's(JSE - SOL; NYSE - SSL) headline earnings per share (HEPS) for the six
months ended 31 December 2012 are expected to increase by between 0% and 5%,
and earnings per share (EPS) for the six months ended 31 December 2012 are
expected to decrease by between 10% and 20%, compared to the prior comparable
period. The decline in the earnings per share is due to the impairment of our
share of the investment in Arya Sasol Polymers Company (ASPC), which is
detailed further below.

Although Sasol's profitability for the 2013 financial year to date benefited
from the improved production performance of its foundation businesses, as well
as the effect of an 11% weakening of the average rand/US dollar exchange rate,
this has been largely offset by a softening in the average Brent crude oil
price, depressed chemical prices and a product margin squeeze that negatively
impacted our chemical businesses. In addition, cost inflation was compounded
by the weaker rand as well as higher labour and maintenance costs.

We continue to actively engage with interested parties to divest from our
share in ASPC. During the current reporting period, the investment was
impaired by R1974 million based on our assessment of the fair value of the
asset, which takes into account the uncertainty associated with the Iranian
environment in which we operate. In terms of International Financial Reporting
Standards (IFRS), further losses relating to the foreign currency translation
reserve of approximately US$100 million may be recognised in income once we
finally divest from ASPC. There may be further potential impairments linked
to the fair value of the asset as a result of a deteriorating Iranian
environment and the accounting requirement to continue recognising operating
profits, which might not be recuperated through the divestiture. Despite a
solid operational performance by ASPC, results for the six month reporting
period have been negatively impacted by the devaluation of the Iranian
currency, which resulted in translation losses of approximately R1 015 million
being recognised in the income statement.

Our financial results for the six months ended 31 December 2012 may be further
affected by any adjustments resulting from our half-year end closure process.
This may result in a change in the estimated earnings.

This trading statement only deals with the comparison to the first half of the
2012 financial year. The lower earnings base of the second half of the 2012
financial year, which included significant once-off charges and reporting
period end adjustments, will strongly influence a comparison of the full 2013
financial year results with 2012. Guidance will be provided on the full 2013
financial year results when there is a reasonable degree of certainty in this

The financial information on which this trading statement is based has not
been reviewed or reported on by the Company's external auditors.

Sasol remains a strong cash generator and maintains its solid financial
position. We accordingly remain committed to our progressive dividend policy,
which supports a minimum total dividend equal to our 2012 full year dividend,
barring any material and unforeseen events or significant fluctuations in the
global macroeconomic environment.

Sasol's financial results for the six months ended 31 December 2012 will be
announced on Monday, 11 March 2013.

Sponsor: Deutsche Securities (SA) (Pty) Ltd
8 February 2013

Forward-looking statement disclaimer:

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 and cost
reductions. Words such as "believe", "anticipate", "expect", "intend", "seek",
"will", "plan", "could", "may", "endeavour" 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 under the
Securities Exchange Act of 1934 on Form 20-F filed on 12 October 2012 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.

Sasol Investor Relations Team
Tel.: +27 (0)11 441 3113

SOURCE Sasol Limited
Press spacebar to pause and continue. Press esc to stop.