Sasol : appoints new Group Executive Committee member

Date:

02 June 2020

JOHANNESBURG, SOUTH AFRICA - Sasol today announced the appointment of Priscillah Mabelane as Executive Vice President: Energy Business, effective 1 September 2020. She will also serve as a member of Sasol's Group Executive Committee (GEC).

Mabelane, a qualified Chartered Accountant, joins Sasol from BP Southern Africa (BPSA), where she was the Chief Executive Officer (CEO). Prior to being appointed CEO, Priscillah was the Retail Operations Director for the BP UK retail business. Preceding this, she was BPSA's Chief Financial Officer (CFO) for four years.

She was formerly a CFO at Airports Company of South Africa and tax director at Ernst & Young. She has also held various roles in finance, tax and general management at Eskom Holdings Limited. Mabelane serves as a non-executive director at the Standard Bank Group Limited, and previously served as a non-executive director for Vodacom (Pty) Ltd.

Mabelane has a strong corporate track record and has successfully managed large, mid and downstream operations in both the UK and South Africa. She brings broad international leadership and a track record of leading and enabling transformation, with an emphasis on retail and operations, cost management, strategic planning and governance to Sasol.

Sasol President and Chief Executive Officer, Fleetwood Grobler commented: 'We are delighted to have a leader of Priscillah's caliber join Sasol. We wish her a long and illustrious career with us and look forward to benefiting from her extensive business and leadership experience.'

Mabelane succeeds Maurice Radebe, who retires from Sasol on 30 September 2020 after 16 years with the Group. Radebe joined Sasol Oil (now part of the Energy Business) in January 2004 when Sasol acquired Exel Petroleum, where he was Managing Director (MD). He served as MD of Sasol Oil from 2006 to 2010 and was appointed to the GEC on 1 November 2010.

In his decade-long tenure on the GEC he was initially responsible for global Corporate Affairs, Government Relations and Enterprise Development. In July 2014, he was appointed Executive Vice President: Energy Business. In addition to the Energy Business, Radebe was responsible for Corporate Affairs for a period and thereafter Sasol's global Safety, Health and Environment portfolio.

'A seasoned business executive, Maurice has led numerous senior level government engagements in a highly regulated environment and has been instrumental in driving our growth strategy in the Energy business, with emphasis on retail fuels,' said Grobler.

'On behalf of the Sasol Limited Board and the GEC, I would like to thank Maurice for his commitment to Sasol and unfailing support in leading the Energy Business. We wish him all the best in his upcoming retirement,' Grobler concluded.

'I thank Sasol for a wonderful career and challenging opportunities presented to me. I look forward to spending time with my family and focusing on my passion to develop young leaders as I retire from Sasol. Given Priscilla's extensive local and international experience, I am confident she will lead Sasol's Energy Business to new heights, ensuring we continue to play a leading role in transformation of the sector and supporting Sasol's transition to a lower-carbon economy,' said Radebe.

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'.