SASOL LIMITED

Delivering

Delivering with Purpose

INTEGRATED REPORT

FUTURE SASOL

for the year ended 30 June 2022

IR

INTRODUCTION | ABOUT SASOL

STRATEGIC OVERVIEW

CREATING VALUE

DELIVERING

GOVERNANCE AND REWARDS

ADMINISTRATION

ABOUT SASOL

Sasol is a global chemicals and energy company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities.

We strive to safely and sustainably source, produce and market a range of high- quality products globally.

OUR PURPOSE | Innovating for a better world

FUTURE SASOL

We are resetting, transitioning and reinventing Sasol to decarbonise

and commit to achieving our Net Zero* ambition by 2050

OUR AMBITION

Grow shared value while accelerating our transition to Net Zero

OUR SUSTAINABILITY

Advancing chemical and energy solutions that contribute to a thriving planet,

STATEMENT

society and enterprise

  • Net Zero for Sasol is to significantly reduce emissions to the point where only hard-to-abate emissions remain or are zero. Any residual emissions will be neutralised using carbon dioxide removal offsets.

Our prioritised Sustainable Development Goals (SDGs)

Delivering with Purpose

FUTURE SASOL

Our Purpose and strategy guide us in our work to reduce our GHG by 30% by 2030, and reach our 2050 Net Zero ambition while growing shared value. Our 2022 suite of annual reports reflects the clear actions taken to deliver progress as well as the plans and prospects ahead.

As we journey to becoming more sustainable, we continue to focus on contributing to the Sustainable Development Goals and fulfilling our commitments to the

Ten Principles of the United Nations Global Compact. Ensuring full integration across the Group from an execution and reporting perspective will enable value creation for all our stakeholders.

People

Planet

Our Purpose compels us to deliver

FUTURE

against the outcomes of People,

SASOL

Planet and Profit; with the intent

to be a force for good.

Profit

Safe and enduring operations

Minimising our

Resilience in a

Growing

environmental footprint

low-carbon future

shared value

SDG 8:

SDG 9:

SDG 12:

SDG 13:

SDG 17:

Decent work and economic growth

Industry, innovation and infrastructure

Responsible consumption and production

Climate action

Partnerships for the goals

Enhancing safe and enduring operations

Building resilient infrastructure,

Remaining committed to minimising

Accelerating our transformational

Working to create positive and

is critical to value preservation and creation

promoting sustainable industries

the impact of our operations on

changes through partnerships,

measurable socio-economic impacts

in order to deliver on our strategy

and fostering innovation

the environment

technology and innovation

and responding to key societal challenges

OUR VALUES

BE SAFE

BE CARING

We always place

We care deeply for our people,

Capturing the essence of our 'can do' spirit as we transition

the safety of

planet, and our communities

to a more resilient, environmentally sustainable business.

people first

BE INCLUSIVE

BE ACCOUNTABLE

BE RESILIENT

We foster inclusivity in all we do,

We own our results

We boldly adapt to change

our employees, our customers

and embrace agility

and stakeholders

SASOL INTEGRATED REPORT 2022

1

INTRODUCTION | ABOUT SASOLSTRATEGIC OVERVIEWCREATING VALUEDELIVERINGGOVERNANCE AND REWARDSADMINISTRATION

CONTENTS

OUR SUITE OF REPORTS

INTRODUCTION | ABOUT SASOL

About Sasol

1

Our suite of reports

2

Integrated thinking and related reporting

3

Sasol at a glance

4

About this report

5

Our performance in 2022

6

Our Group structure

7

Our brand and operational presence across the world

8

Our distinctive value chains

9

CREATING VALUE (CONTINUED)

Stakeholder issues informing our material matters

Risk management

Managing our material matters

DELIVERING

Performance overview | Performance at a glance

Sasol Chemicals at a glance

Sasol Energy at a glance

Sasol ecoFT at a glance

28

30

36

40

46

49

53

IR

Integrated Report

Concise communication on Sasol's strategy, governance, performance

and outlook and how these lead to the preservation and creation of value

over the short, medium and long term.

SR

Sustainability Report

Communication on Sasol's environmental, social and governance

(ESG) performance.

STRATEGIC OVERVIEW

GOVERNANCE AND REWARDS

Strategic direction

10

Governance | Governance at a glance

56

DeliverIng our strategy over horizons

11

Governance

57

Chairman's statement

12

Remuneration report

| Remuneration at a glance

62

President and Chief Executive Officer's statement

14

Remuneration report

| Chairman's letter

63

Our Group Executive Committee

17

Remuneration report

65

Chief Financial Officer's statement

18

ADMINISTRATION

CREATING VALUE

Contact details

74

Operating context

20

Forward-looking statements

74

Creating value using the six capitals

23

Photography

74

Trade-offs

25

Abbreviations

74

Engaging with stakeholders to deliver value

27

CCR

Climate Change Report

Information on Sasol's climate change risk management process,

response strategy and summary of work underway to address our

climate change risks and opportunities.

AFS

Annual Financial Statements

A complete analysis of the Group's financial results, with detailed

financial statements, as well as the Remuneration Report and Report

of the Audit Committee.

20-F

Form 20-F

Our annual report filed with the United States Securities and Exchange

Commission (SEC), pursuant to our New York Stock Exchange listing.

These reports are available on our website, www.sasol.com, or on

request from Investor Relations. Contact details are on page 74 of

this report.

Reporting boundary for the Integrated Report

(risks, opportunities and outcomes)

Financial reporting entity (control and significant influence)

SASOL

Subsidiaries

Joint ventures

Other investments

STAKEHOLDERS

Our suite of reports are informed by the following standards and initiatives.

We have sought alignment with key reporting expectations and compliance with all relevant legal requirements.

REPORTS

The International Integrated Reporting Framework

IR

AFS

South African Companies Act 71 of 2008, as amended

IR

AFS

Johannesburg Stock Exchange (JSE) Listings Requirements

IR

AFS

King IV™ Report on Corporate Governance for South Africa, 2016

IR

AFS

International Financial Reporting Standards (IFRS)

IR

AFS

20-F

Global Reporting Initiative (GRI) Sustainability Reporting Standards

SR

CCR

Task Force on Climate-related Financial Disclosure (TCFD)

IR

SR

CCR

United Nations Advanced Reporting Criteria and Sustainable

SR

CCR

Development Goals (SDGs)

United States Securities and Exchange Commission

20-F

rules and regulations

Employees and organised labour | Shareholders and providers of capital | Customers

Governments and regulators | Communities and societies | Non-governmental organisations (NGOs)

Suppliers | Media | Organised business and industry

Sarbanes-Oxley Act of 2002

20-F

JSE Sustainability and Climate Disclosure Guidelines

IR

SR

CCR

SASOL INTEGRATED REPORT 2022 2

INTRODUCTION | ABOUT SASOL

STRATEGIC OVERVIEW

CREATING VALUE

DELIVERING

GOVERNANCE AND REWARDS

ADMINISTRATION

INTEGRATED THINKING AND RELATED REPORTING

Our integrated reporting process

Integrated reporting brings together the material information and aspects of our strategy, governance, performance, opportunities, outcomes and future outlook of our activities reflected within the context of People, Planet and Profit. Our Integrated Report aims to articulate our value preservation and creation story and is relevant

to all our stakeholders. It supports integrated thinking at Sasol.

Our Integrated Report is prepared following a group-wide structured content gathering process led by the Sustainability and Reporting Team.

The robust process is ongoing and is underpinned by engaging with an extensive range of stakeholders to

recognise what they consider material. This is complemented with benchmarking and the consideration of

applicable reporting standards and frameworks we adhere to (outlined on page 2). Our process is further

enhancedby ongoing risk and opportunity assessment, analysis of our operating context and determination of ourmaterial matters as outlined on page 36.

Therelevant information is compiled and validated through our internal reporting and combined assurance

model,reviewed and signed off by the Group Executive Committee with ultimate approval by the Board.

This annual process strengthensour internal reporting systems, assists us in our integrated thinking, informs ourstrategic goals and shapes our value creation and preservation story.

Our Integrated Report

Produced and published annually and covers our financial year

PERIOD1 July to 30 June. Any subsequent material events up to the Board approval date in August every year are also included.

Report on the primary activities of the Group, our subsidiaries,

BOUNDARYjoint ventures and other investments where we have financial control and significant influence.

1

2

REPORTING ON

PLAN:

CONSIDER:

ESG METRICS

• Stakeholder

• Risks and

engagement

opportunities

• Reporting frameworks

• Strategic objectives

• Performance measuring

Operatingcontext

Benchmarking

Reporting tothe

Materialmatters

Group Executive

Committee(GEC)

AUDIENCE

AND KEY

STAKEHOLDERS

Our Integrated Report extends beyond financial reporting and includes key environmental, social and governance (ESG) performance metrics. Detailed sustainability and climate change performance is available in our Sustainability Report and Climate Change Report.

SR For more detail refer to our Sustainability Report and Climate Change Report CCRavailable on our website, www.sasol.com

Addresses the information requirements of our providers of capital. As we provide information on our opportunities, risk and outcomes attributable to our ability to create, preserve or erode value over the short, medium and long term,

this information is also relevant to other key stakeholders such as employees, customers, government and regulators, and the communities in which we operate.

4

The Board

3

VALIDATE:

APPROVE:

• Internal reporting

Combinedassurance

• GEC sign-off

model

• Board approval

• GEC review

• Board review

KEY STAKEHOLDERS:

Employees and

Customers

Communities

Business/joint

Organised business

organised labour

and societies

ventures (JV)

and industry

Shareholders and

Governments

Non-governmental

Suppliers

Media

providers of capital

and regulators

organisations (NGOs)

• Ensures the integrity of our integrated reporting process.

INTEGRITY -

• Gives attention to management's evaluation of the

effectiveness of the disclosure controls and procedures

THE BOARD

through the combined assurance model and internal control

framework and assessment.

• Gives final approval for publication.

SASOL INTEGRATED REPORT 2022 3

INTRODUCTION | ABOUT SASOL

STRATEGIC OVERVIEW

CREATING VALUE

DELIVERING

GOVERNANCE AND REWARDS

ADMINISTRATION

SASOL AT A GLANCE

Sasol is South Africa's leading chemicals and energy organisation with a global presence. We are purpose-driven and resolute in our transition to being a sustainable entity while creating shared value for all our stakeholders.

Turnover

R276 billion

Total assets

R420 billion

Market capitalisation

R234 billion

Reinvested to grow

and sustain operations

R50 billion

Significant contributor to South Africa's GDP

We partner with various organisations to develop and implement innovative solutions

Shareholders

Sasol ordinary sharesSasol BEE ordinary shares

(,)

(,)

Committed to

,

,

sustainability,

supporting the

Paris Agreement

(,)

(,)

and accelerating

,

,

Public

our transition to

Non-public

Net Zero emissions

ˇ Number of shares

ambition by 2050

Listed on the Johannesburg Stock Exchange (JSE)

and the New York Stock Exchange (NYSE)

Value shared

R16,2 billion

R33 billion

R743,3 million

R1,2 billion

R1,2 billion

in direct taxes

in wages and

on social investment

in research and

on skills

benefits

initiatives

development

development

28 630 employees

Located in 22 countries and

market products across 118 countries

SASOL INTEGRATED REPORT 2022

4

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Sasol Ltd. published this content on 31 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2022 11:02:50 UTC.