Sasol Partners with Eni to Explore Hydrocarbon Opportunities Along South Africa's East Coast

Johannesburg (ots/PRNewswire) -

Today, Sasol Petroleum International, the upstream oil and gas
subsidiary of Sasol Limited (Sasol), announced that it has concluded
a farm-out to Eni SpA (Eni), an Italian multinational oil and gas
company, for the exploration right permit 236 (ER236) in South
Africa.

The permit was granted to Sasol in November 2013 by the Petroleum
Agency of South Africa for an initial period of three years. The
permit grants the right to explore for hydrocarbons along South
Africa's East coast in the Durban and Zululand basins offshore
Kwazulu-Natal province.

In terms of the farm-out, Sasol will transfer a 40% interest in
ER236 and operatorship to Eni. Sasol will retain a majority 60%
interest. The agreement, which is subject to government approval,
signals greater cooperation between Sasol and Eni in Southern Africa.

"The establishment of our partnership with Eni in respect of our
offshore South African interests complements Sasol's strategy to
develop sustainable energy solutions, which will serve to ensure
all-important economic growth and development in southern Africa and
the broader region. In addition, accelerated exploration activity, as
represented by ER236, will have many positive benefits for South
Africa and the broader region, in terms of energy security and
increasing levels of international investment," said David Constable,
Chief Executive Officer, Sasol Limited.

Eni is among a number of international energy companies to have
recently entered South Africa, which is currently the continent's
largest oil importer.

Forward-looking statements: Sasol may, in this document, make
certain statements that are not historical facts and relate to
analyses and other information which are based on forecasts of future
results and estimates of amounts not yet determinable. These
statements may also relate to our future prospects, developments and
business strategies. Examples of such forward-looking statements
include, but are not limited to, statements regarding exchange rate
fluctuations, volume growth, increases in market share, total
shareholder return and cost reductions. Words such as "believe",
"anticipate", "expect", "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. By their very nature,
forward-looking statements involve inherent risks and uncertainties,
both general and specific, and there are risks that the predictions,
forecasts, projections and other forward-looking statements will not
be achieved. If one or more of these risks materialise, or should
underlying assumptions prove incorrect, our actual results may differ
materially from those anticipated. You should understand that a
number of important factors could cause actual results to differ
materially from the plans, objectives, expectations, estimates and
intentions expressed in such forward-looking statements. These
factors are discussed more fully in our most recent annual report
under the Securities Exchange Act of 1934 on Form 20-F filed on 9
October 2013 and in other filings with the United States Securities
and Exchange Commission. The list of factors discussed therein is not
exhaustive; when relying on forward-looking statements to make
investment decisions, you should carefully consider both these
factors and other uncertainties and events. Forward-looking
statements apply only as of the date on which they are made, and we
do not undertake any obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.

About Sasol:

Committed to excellence in all we do, Sasol is an international
integrated energy and chemical company that leverages the talent and
expertise of our more than 34 000 people working in 37 countries. We
develop and commercialise technologies, and build and operate
world-scale facilities to produce a range of product streams,
including liquid fuels, high-value chemicals and low-carbon
electricity.

While remaining committed to our home-base of South Africa, Sasol
is expanding internationally based on a unique value proposition.

Issued by:
Alex Anderson, Group Media Manager
Direct telephone +27-(11)-441-3295; Mobile +27-(0)71-600-9605;
alex.anderson@sasol.com

Jacqui O'Sullivan, GM: Group Communication
Direct telephone +27-(11)-441-3252; Mobile +27-(0)82-883-9697;
jacqui.osullivan@sasol.com

ots Originaltext: Sasol
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