Sasol Limited
(Incorporated in South Africa)
(Registration number: 1979/003231/06)
ISIN Code: ZAE000006896
Share Code: SOL
NYSE Code: SSL
("Sasol")
Sasol hedges 45 000 barrels per day of its South African synthetics
fuels production
Sasol today, is pleased to announce that it has entered into hedging
transactions (zero cost collars) for 45 000 barrels of oil per day
(equivalent to approximately 30% of its South African synfuels
production) for its 2008 financial year, which commences 1 July 2007.
In terms of this hedge, Sasol has achieved an average floor price of
US$62,40 per barrel (based on monthly average dated Brent crude oil
prices) on the hedged portion of production, and conversely Sasol will
forego the upside on the hedged volumes, should the monthly average
dated Brent price exceed US$76,80 per barrel.
The zero cost collar structure is similar to the oil price hedging
concluded for the 2007 financial year, when a floor price of US$63,00
per barrel was achieved and upside was limited to US$83,60 per barrel,
also on 45 000 barrels of oil per day. Appropriate disclosure of this
hedging will also be made in our 2007 annual report and Form 20-F.
Forward-looking statements: In this announcement we make certain
statements that are not historical facts and relate to analyses and
other information based on forecasts of future results not yet
determinable, relating, amongst other things, to exchange rate
fluctuations, volume growth, increases in market share, total
shareholder return and cost reductions. These are forward-looking
statements as defined in the United States Private Securities
Litigation Reform Act of 1995. Words such as “believe”, “anticipate”,
“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. Forward-looking statements involve
inherent risks and uncertainties and, if one or more of these risks
materialise, or should underlying assumptions prove incorrect, actual
results may be very different from those anticipated. The factors that
could cause our actual results to differ materially from such forward-
looking statements are discussed more fully in our most recent annual
report under the Securities Exchange Act of 1934 on Form 20-F filed on
2 November 2006 and in other filings with the United States Securities
and Exchange Commission. Forward-looking statements apply only as of
the date on which they are made, and Sasol does not undertake any
obligation to update or revise any of them, whether as a result of new
information, future events or otherwise.
3 May 2007
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited