SASOL LIMITED - Changes To Sasol Limited Board Of Directors

Changes To Sasol Limited Board Of Directors

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:          JSE: SOL             NYSE: SSL
Sasol Ordinary ISIN codes:           ZAE000006896         US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(Sasol, the Company, Equity issuer)

Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)

  CHANGES TO SASOL LIMITED BOARD OF DIRECTORS
  In compliance with para 3.59 of the JSE Listings Requirements and para 6.39 of the JSE Debt Listings
  Requirements, shareholders and noteholders are advised of the following changes to the board of
  directors of the Company (the Board) in accordance with the Company's nomination and succession
  plan for directors and the chairman:

1. Appointment of independent non-executive director

   Mr David G P Eyton has been appointed as a non-executive director of Sasol with effect from
   1 September 2024. Mr Eyton satisfies the independence requirements for directors under applicable
   requirements in South Africa and the United States. David will also join the Company's Capital
   Investment, Safety, Social and Ethics and Remuneration Committees.

   David held various positions at BP Plc between 1982 and 2022. He has extensive experience in the
   oil and gas sector, having held various business and functional leadership roles. He provided
   leadership in BP's energy transition and managed BP's digital and operating management systems,
   corporate venture capital and research and development functions.

   David has been the chairman and trustee of the John Lyons Foundation since 2016 and serves on
   the board of the UK Royal Academy of Engineering.

   David holds a BA Engineering degree from the University of Cambridge. He is a fellow of The
   Royal Academy of Engineering, the Institute of Materials, Minerals and Mining and the United
   Kingdom Institute of Directors.

   The Chairman of the Sasol Board (Chairman), Mr Steve Westwell, said: "We are pleased to
   welcome a person of David's calibre to the Sasol Board. His background in energy transition and
   digital technologies will be valuable to Sasol as we progress our transition."

2. Retirement of chairman of the Remuneration Committee

  Ms Mpho Nkeli has decided to retire as non-executive director and chairman of the Remuneration
  Committee of Sasol on 31 August 2024.
   The Chairman said: "Mpho enabled the Board to consciously take account of the competing interests
   of the diverse stakeholders of Sasol, in carving out and implementing a remuneration philosophy and
   policy that sought to balance the interests of employees and investors in pursuit of a sustainable
   Sasol. We wish her well in her future endeavours."

   Mr Timothy Cumming, appointed as a director with effect from 1 June 2024, will take over as
   chairman of the Remuneration Committee on 1 September 2024. Tim has been appointed as a
   member of the Capital Investment, Remuneration and Safety, Social and Ethics Committees with
   effect from 1 June 2024. The Board is satisfied that his remuneration oversight experience in the
   South African market will stand him in good stead as chairman of the Remuneration Committee.

3. Retirement of chairman and appointment of interim chairman

   Mr Steven Westwell retires as non-executive director and Chairman on 1 June 2024 when he reaches
   the twelfth anniversary of his appointment to the Sasol Board. Ms Muriel Dube, Sasol's Lead
   Independent Director (LID), said: "The Board expresses its gratitude and appreciation for the immense
   contribution made by Steve on the Board and its Committees, including on statutory committees. In
   addition to serving as LID, Steve most ably led the Board's oversight on capital investments in his
   capacity as chairman of the Capital Investment Committee. He also recently presided successfully
   over the succession of the President and Chief Executive Officer of the Company and the filling of two
   vacancies on the Board. Steve's expertise, wisdom and experience will be sorely missed."

   Muriel Dube, in her capacity as LID, will carry out the responsibilities of the Chairman of the Board
   until the appointment of the Chairman is made. In particular, Muriel will bring to completion the
   Chairman succession process currently underway.

   21 May 2024
   Sandton

   Equity Sponsor
   Merrill Lynch South Africa Proprietary Limited t/a BofA Securities

   Debt Sponsor
   Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 21-05-2024 04:40:00
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