PRODUCTION AND SALES INDICATORS FOR THE NINE MONTHS ENDED MARCH 31, 2022; COVER UPDATE

JOHANNESBURG, April 25, 2022 /PRNewswire/ — Sasol has launched its manufacturing and gross sales efficiency indicators for the 9 months ended March 31, 2022 on the Firm’s web site at www.sasol.com underneath Investor Heart:

https://www.sasol.com/investor-centre/financial-reporting/business-performance-metrics

Sasol continues to handle the aftermath of the heavy rains and accompanying flooding in KwaZulu-Natal and to evaluate the affect on the enterprise. We’re supporting our staff and our communities throughout this troublesome time. The scenario has resulted in a declaration of drive majeure on the export of sure chemical compounds and our quantity outlook for the fourth quarter of FY22 could also be affected relying on the extent of infrastructure harm and the restoration schedule and restoration of infrastructure and key public providers.

We’ll notify the market of any vital affect sooner or later.

OIL COVER UPDATE

Sasol has made vital progress in deleveraging its steadiness sheet by way of a mixture of asset disposals, operational actions and now extra favorable pricing. Regardless of this enchancment, indebtedness remained above goal ranges at December 31, 2021 in addition to continued volatility and unprecedented uncertainty concerning the macroeconomic outlook.

Based mostly on this, the hedging program has been saved in place to mitigate draw back value dangers and be sure that Sasol can execute its technique with confidence. Given Sasol’s improved monetary place, the oil hedge protection ratio for fiscal yr 2023 has been decreased to ~40% from ~69% for fiscal yr 2022. This contains 80% of the Synfuels complete artificial crude oil manufacturing and 90% of Sasol’s share in Oryx Manufacturing.

Given the current rise in oil costs following the Russia/Ukraine battle, Sasol has superior the implementation of the FY2023 hedging technique and has now executed 85% of the oil hedging mandate. This makes use of no-cost collars to supply drop safety beneath~ $63.03 per barrel with an higher cap of ~ $91.62 per barrel.

In keeping with Sasol’s threat administration coverage, because the steadiness sheet continues to deleverage and is thus in a position to soak up extra draw back threat, the hedge ratios are anticipated to say no additional.

The Firm will, nonetheless, proceed to tell the market of any modifications to our monetary threat administration positions in our quarterly market info.

For extra info, please contact:

Sasol Investor Relations,
Tiffany SydowInvestor Relations Officer
Phone: +27 (0) 71 673 1929
[email protected]

Disclaimer – Ahead-Trying Statements

Sasol could make sure statements herein that aren’t historic information and relate to analyzes and different info which can be based mostly on forecasts of future outcomes and estimates of quantities not but determinable. These statements can also relate to our future prospects, expectations, developments and enterprise methods. Examples of such forward-looking statements embody, however should not restricted to, the affect of the novel coronavirus (COVID-19) pandemic, and actions taken in response, on the enterprise, outcomes of operations, markets, staff, monetary situation and liquidity of Sasol. ; the effectiveness of any measures taken by Sasol to deal with or restrict any affect of COVID-19 on its enterprise; the capital value of our tasks and timing of challenge milestones; our capacity to acquire financing to fulfill the financing wants of our capital funding program, in addition to to fund our ongoing enterprise operations and pay dividends; statements concerning our future working outcomes and monetary situation, and concerning future financial efficiency, together with value containment, money conservation applications and enterprise optimization initiatives; current and proposed accounting pronouncements and their affect on our future outcomes of operations and monetary situation; our enterprise technique, efficiency outlook, plans, targets or objectives; statements concerning future competitors, quantity progress and modifications in market share within the industries and markets for our merchandise; our present or deliberate investments, acquisitions of latest companies or divestiture of present companies, together with estimates or projections of inside charges of return and future profitability; our estimated oil, fuel and coal reserves; the doubtless future final result of litigation, legislative, regulatory and tax developments, together with statements concerning our capacity to adjust to future legal guidelines and laws; future fluctuations in refining margins and costs of crude oil, pure fuel and petroleum and chemical merchandise; demand, pricing and value cyclicality for oil, fuel and petrochemicals; modifications in gasoline and fuel pricing mechanisms South Africa and their results on costs, our outcomes of operations and our profitability; statements concerning future foreign money and rate of interest fluctuations and modifications in credit score rankings; complete shareholder return; our present or future merchandise and anticipated buyer demand for such merchandise; macroeconomic assumptions; the impacts of local weather change and our local weather change methods, our improvement of sustainability inside our Vitality and Chemical compounds actions, our targets for bettering vitality effectivity, decreasing carbon and GHG emissions, our internet zero carbon ambition and future low carbon initiatives, together with with respect to inexperienced hydrogen and sustainable aviation gasoline; our estimated carbon tax legal responsibility; cyber safety; and the statements of assumptions underlying these statements. Phrases akin to ‘imagine’, ‘anticipate’, ‘count on’, ‘intend’, ‘search’, ‘will’, ‘plan’, ‘may’, ‘could’, ‘will’ attempt”, “goal”, “anticipate” and “challenge” and related expressions are supposed to establish forward-looking statements however should not the unique technique of figuring out such statements. By their very nature, forward-looking statements contain inherent dangers and uncertainties, each basic and particular, and there are dangers that predictions, forecasts, projections and different forward-looking statements won’t be achieved. Ought to a number of of those dangers materialize, or ought to underlying assumptions show incorrect, our precise outcomes may differ materially from these anticipated. You need to perceive that quite a few necessary components may trigger precise outcomes to vary materially from the plans, targets, expectations, estimates and intentions expressed in such forward-looking statements. These and different components are mentioned in higher element in our most up-to-date Annual Report on Kind 20-F filed on September 22, 2021 and in different filings with the US Securities and Trade Fee. The record of things mentioned therein will not be exhaustive; when counting on forward-looking statements to make funding choices, it’s best to rigorously think about the foregoing components and different uncertainties and occasions, and you shouldn’t place undue reliance on forward-looking statements. Ahead-looking statements communicate solely as of the date they’re made, and we undertake no obligation to replace or revise any of them, whether or not on account of new info, future occasions or in any other case.

SOURCE Sasol Restricted

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