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SASOL LIMITED - Sasol Khanyisa

SASOL LIMITEDSOLBE1 Election RightS1 SOLBE1 ELECTION RIGHTDate: Friday, 16 February AND PURPOSE OF THIS SOLBE1 Shares will automatically re-designate on Thursday, 5 April 2018 (the Automatic Re-designation Date ) as SASOL ordinary shares ( SOL Shares ) in accordance with clause of the SASOL memorandum of incorporation ( SASOL MOI ) unless the relevant election is exercised by you as more fully described SASOL wanted you to have an election right that your SOLBE1 Shares should not automatically re-designate, which election right is more fully explained below. In order to do that, it proposed the necessary amendment to the terms attaching to the SOLBE1 Shares to its shareholders for approval. SASOL shareholders approved that amendment in November 2017, and as a result, all SOLBE1 Shareholders on the securities register on the First Record Date now have the right to exercise that election in respect of their Existing SOLBE1 Shares (the Election Right ).

2 Central Securities Depository Participant (“ CSDP”) or broker in accordance with the custody agreement entered into by you, as applicable, until 09h00 on the Automatic Re-designation Date (in

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Transcription of SASOL LIMITED - Sasol Khanyisa

1 SASOL LIMITEDSOLBE1 Election RightS1 SOLBE1 ELECTION RIGHTDate: Friday, 16 February AND PURPOSE OF THIS SOLBE1 Shares will automatically re-designate on Thursday, 5 April 2018 (the Automatic Re-designation Date ) as SASOL ordinary shares ( SOL Shares ) in accordance with clause of the SASOL memorandum of incorporation ( SASOL MOI ) unless the relevant election is exercised by you as more fully described SASOL wanted you to have an election right that your SOLBE1 Shares should not automatically re-designate, which election right is more fully explained below. In order to do that, it proposed the necessary amendment to the terms attaching to the SOLBE1 Shares to its shareholders for approval. SASOL shareholders approved that amendment in November 2017, and as a result, all SOLBE1 Shareholders on the securities register on the First Record Date now have the right to exercise that election in respect of their Existing SOLBE1 Shares (the Election Right ).

2 If you exercise the Election Right and make an election ( Election ) it will mean that your Existing SOLBE1 Shares will not re-designate as SOL Shares on the Automatic Re-designation Date or at any time after that and will indefinitely remain as SOLBE1 Shares. If you exercise the Election Right you will receive a capitalisation award of additional SOLBE1 Shares as explained more fully below (the SOLBE1 Bonus Award ). It is important that you are familiar with and understand the important dates and times regarding the Election Right and the Election. Please read the Important Dates And Times explained which can be found in paragraph ELECTION You have been granted the Election Right because your name as beneficial owner of your Existing SOLBE1 Shareswas on SASOL s securities register on the First Record If you sold any of your Existing SOLBE1 Shares after the Last Day to Trade up to the First Record Date ( You can only exercise the Election Right for all of your Existing SOLBE1 If you exercise the Election Right for only part of your Existing SOLBE1 Shares, your Election will be If you exercise the Election Right for all of your Existing SOLBE1 your Existing SOLBE1 Shares will not re-designate as SOL Shares on the Automatic Re-designation Date or afterwards, but will remain as SOLBE1 Shares.)

3 You will receive the SOLBE1 Bonus Award as more fully set out below; it will be irrevocable which means that you will not be able to change your decision; you will be unable to trade your Existing SOLBE1 Shares from the date on which your Election is received by Computershare Nominees Proprietary LIMITED ( Computershare Nominees ), your If you sold any of your Existing SOLBE1 Shares after the Last Day to Trade up to the First Record Date ( Wednesday, 7 February 2018 and Friday, 9 February 2018), even though you have received this document you will not have the Election Right. As an example, you owned SOLBE1 Shares on the Last Day to Trade and assume you sold ten of those SOLBE1 Shares on Wednesday, 7 February 2018. You lose your Election Right not only for the ten shares you sold but for all of your SOLBE1 Shares which you held on the Last Day to Trade.

4 You received this document, even though you have lost the Election Right, because it takes time to update the securities document is for your benefit as the beneficial owner of SASOL BEE ordinary share SASOL LIMITED ( SASOL ) ( SOLBE1 Shares ) ( Existing SOLBE1 Shares ) on the securities register on Friday, 9 February 2018 ( First Record Date ). The last day to trade to be on the securities register on the First Record Date was Tuesday, 6 February 2018 ( Last Day to Trade ).THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION <<FULLNAME>>Dear ShareholderThis document is for your benefit as the beneficial owner of XXX SASOL BEE ordinary shares inbetween Wednesday, 7 February 2018 and Friday, 9 February 2018), even though you have received this document, you will not have the Election Right.

5 As an example, you owned XXX SOLBE1 Shares on the Last Day to Trade and assume you sold ten of those SOLBE1 Shares on Wednesday, 7 February 2018. You lose your Election Right not only for the ten shares you sold but for all of your XXX SOLBE1 Shares which you held on the Last Day to Trade. You received this document, even though you have lostthe Election Right, because it takes time to update the securities Securities Depository Participant ( CSDP ) or broker in accordance with the custody agreement entered into by you, as applicable, until 09h00 on the Automatic Re-designation Date (in other words you cannot trade your Existing SOLBE1 Shares from the date your Election is received until 09h00 on Thursday, 5 April 2018).

6 If you trade your Existing SOLBE1 Shares after dispatching the Election Form to Computershare Nominees, your CSDP or broker, your Election will be treated as invalid. Your Election, even if you do not trade after dispatching the Election Form, will only take effect once received by Computershare Nominees, your CSDP or broker, but continues to be irrevocable until The Election Right cannot be transferred to anyone else save to your executor if you die or to your trustee or liquidator if you become insolvent, who will be entitled to exercise the Election If you sell or transfer (other than to your executor if you die or to your trustee or liquidator if you become insolvent) ( Transfer ) all or some of your SOLBE1 Shares after the Last Day to the person who buys them from you will not be entitled to the Election Right for those SOLBE1 Shares.

7 Those SOLBE1 Shares will automatically re-designate as SOL Shares on the Automatic Re-designation Date; you will not have the Election Right for any of your remaining Existing SOLBE1 The Election Right will not be available for any additional SOLBE1 Shares which you bought after the Last Day to Trade. Those SOLBE1 Shares will automatically re-designate as SOL Shares on the Automatic Re-designation Date. You will be able to trade these SOLBE1 Shares which will re-designate freely after the Last Day to Trade until Tuesday, 27 March 2018, from which you will not be able to trade until Friday, 6 April ARE THE CONSEQUENCES OF EXERCISING THE ELECTION? If you exercise the Election your Existing SOLBE1 Shares will not re-designate as SOL Shares on the Automatic Re-designation Date.

8 It is important to note and understand that your Existing SOLBE1 Shares for which you have exercised the Election and the SOLBE1 Bonus Award Shares will remain as SOLBE1 Shares and will never re-designate as SOL Shares; the rights, privileges and restrictions of the SOLBE1 Shares set out in clause 47A of the SASOL MOI (which can be accessed on SASOL s website at will be applicable to your Existing SOLBE1 Shares with effect from the Automatic Re-designation Date. These must be read with the applicable BEE Contract , Cash Contract , Amended Cash Contract , New Cash Contract , or Amended New Cash Contract , copies of which, depending on which you signed, you ought to have. For ease of reference, you can access any of these contracts in an unsigned form on SASOL s website at ; you will not be entitled to dispose of your Existing SOLBE1 Shares until 09h00 on the Automatic Re-designation Date.)

9 Should you do so, your Election will be void; you will receive the SOLBE1 Bonus Award, unless your Election is SOLBE1 BONUS Provided that you have exercised the Election Right validly and your Election is not subsequently void, theSOLBE1 Bonus Award will be made to you free of charge on Friday, 1 June 2018 ( the Effective Date ) in the form of a capitalisation issue of one SOLBE1 Share for every four of your Existing SOLBE1 The SOLBE1 Bonus is personal to you. You may not transfer your right to this award; will still be received by you if you sell all or some of your Existing SOLBE1 Shares after 09h00 on Thursday, 5 April 2018 but before the Effective Date, being Friday, 1 June If the number of your Existing SOLBE1 Shares means that you would receive a fraction of a SOLBE1 Share as a result of the SOLBE1 Bonus Award, that fractional entitlement will be rounded up to the nearest whole number.

10 So, for example, if you hold ten SOLBE1 Shares on the First Record Date, the SOLBE1 Bonus Award would result in you receiving two and a half SOLBE1 Shares. The half share is what is called a fractional entitlement. That fractional entitlement to half a SOLBE1 Share will be rounded up to one whole SOLBE1 Share which means that you will receive three SOLBE1 Shares and not two and a half SOLBE1 Shares on the Effective You will not receive a share certificate for the SOLBE1 Shares issued to you as a result of the SOLBE1 Bonus Award ( SOLBE1 Bonus Award Shares ). Rather, they will be issued to you in uncertificated form to be held by Computershare Nominees Proprietary LIMITED on your behalf in terms of a mandate and custody agreement attached to the SASOL MOI, to which you will be The rights, privileges and restrictions applying to your SOLBE1 Bonus Award Shares ( New SOLBE1 Share Terms )


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