Sasol Partners with Eni to Explore Hydrocarbon Opportunities Along South Africa's East Coast

   Sasol Partners with Eni to Explore Hydrocarbon Opportunities Along South
                             Africa's East Coast

  PR Newswire

  JOHANNESBURG, June 10, 2014

JOHANNESBURG, June 10, 2014 /PRNewswire/ --

Today, Sasol Petroleum International, the upstream oil and gas subsidiary of
Sasol Limited (Sasol), announced that it has concluded a farm-out to Eni SpA
(Eni), an Italian multinational oil and gas company, for the exploration right
permit 236 (ER236) in South Africa.

The permit was granted to Sasol in November 2013 by the Petroleum Agency of
South Africa for an initial period of three years. The permit grants the right
to explore for hydrocarbons along South Africa's East coast in the Durban and
Zululand basins offshore Kwazulu-Natal province.

In terms of the farm-out, Sasol will transfer a 40% interest in ER236 and
operatorship to Eni. Sasol will retain a majority 60% interest. The agreement,
which is subject to government approval, signals greater cooperation between
Sasol and Eni in Southern Africa.

"The establishment of our partnership with Eni in respect of our offshore
South African interests complements Sasol's strategy to develop sustainable
energy solutions, which will serve to ensure all-important economic growth and
development in southern Africa and the broader region. In addition,
accelerated exploration activity, as represented by ER236, will have many
positive benefits for South Africa and the broader region, in terms of energy
security and increasing levels of international investment," said David
Constable, Chief Executive Officer, Sasol Limited.

Eni is among a number of international energy companies to have recently
entered South Africa, which is currently the continent's largest oil importer.

Forward-looking statements: 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 9 October 2013 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.

About Sasol:

Committed to excellence in all we do, Sasol is an international integrated
energy and chemical company that leverages the talent and expertise of our
more than 34000 people working in 37 countries. We develop and commercialise
technologies, and build and operate world-scale facilities to produce a range
of product streams, including liquid fuels, high-value chemicals and
low-carbon electricity.

While remaining committed to our home-base of South Africa, Sasol is expanding
internationally based on a unique value proposition.

Issued by: Alex Anderson, Group Media Manager Direct telephone
+27-(11)-441-3295; Mobile +27-(0)71-600-9605; alex.anderson@sasol.com

Jacqui O'Sullivan, GM: Group Communication Direct telephone +27-(11)-441-3252;
Mobile +27-(0)82-883-9697; jacqui.osullivan@sasol.com
 
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