Sasol, Partners Award US$45mn Condensate Sales Contract to PETROMOC

Maputo, Mozambique (ots/PRNewswire) -

In a drive to promote local content in Mozambique, Sasol and its
partners have entered into an agreement with Petroleos de Mocambique
(PETROMOC), Mozambique's state-owned distributor of petroleum
products, to purchase condensate from the Central Processing Facility
in Temane, Inhambane province.

"Promoting local content is key to ensuring that the oil and gas
industry promotes in-county economic development," said John
Sichinga, Senior Vice President, Sasol Exploration and Production
International. "We have been focusing on identifying, and sustaining
Mozambican suppliers that can support and help develop our activities
and participate meaningfully in the value chain of the growing
hydrocarbon industry.

Proposals received were evaluated independently in terms of a set
of established criteria by the unincorporated joint venture partners
in the Petroleum Production Agreement licence, namely Sasol (70%),
Companhia Mocambicana de Hidrocarbonetos (25%) and the International
Finance Corporation (5%).

Sichinga added: "We intend to progress developing and growing
Mozambican suppliers that can fulfil similar roles in our value
chain."

According to Fernando Uache, CEO of Petromoc, "Sasol is and will
continue to be a natural partner for Petromoc. It was with Sasol that
we set our first joint venture in the context of activities that
constitute our core business. Today, to earn the trust of Sasol in a
contract of this dimension, confirms the affinities of both companies
and the role of complementarity that Petromoc can play for the
upstream activities developed by Sasol in Mozambique".

Sasol's commitment to Mozambique began well over a decade ago,
when, together with its partners, CMH and IFC developed the
Pande/Temane natural gas project. This project pioneered the
monetisation of the Pande and Temane gas fields which had been
effectively 'stranded' for over 30 years. The natural gas project has
resulted in significant benefits flowing to Mozambique, with the
investment unlocking the country's natural wealth and providing a
platform for much-needed foreign investment, economic growth, skills
and social development.

Notes to the editors:

- Established in 1977, PETROMOC owns and operates storage facilities and pipelines
across Mozambique, including 19 inland and coastal depots which boast a combined
storage capacity of around 500,000 cubic metres. The largest supplier of fuel to
Mozambique's leading industrial and commercial companies, the company markets fuels,
oils, grease-oils and lubricants for use in the mining, agriculture and maritime
sectors. PETROMOC also provides fuel to a host of neighbouring countries such as
Zambia, Zimbabwe, Malawi and the Democratic Republic of Congo.
- Sasol holds a 49% interest in Petromoc e Sasol Sarl (PeSS), a joint venture with
PETROMOC. PeSS operates eight fuel retailing & convenience stores and has 47
commercial customers and a market share of 8% in the Downstream fuel business in
Mozambique.

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
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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 29
September 2014 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:

Sasol is an international integrated chemicals and energy company
that leverages the talent and expertise of approximately

31 000 people working in 37 countries. We develop and
commercialise technologies, and build and operate world-scale
facilities to produce a range of high-value product streams,
including liquid fuels, chemicals and low-carbon electricity.

Issued by:
EmptyBreak:MARKER
Nompilo Morafo, VP Public Affairs & Country Management
Direct telephone: +27-11-344-0745
Nompilo.morafo@sasol.com
EmptyBreak:MARKER
On behalf of:
EmptyBreak:MARKER
Alex Anderson, Head of Group Media Relations
Direct telephone: +27(0)11-441-3295; Mobile +27(0)71-600-9605;
alex.anderson@sasol.com
EmptyBreak:MARKER
Matebello Motloung, Specialist: Media Relations
Direct telephone: +27(0)11-441-3252, Mobile: +27(0)83-773-9457
matebello.motloung@sasol.com

ots Originaltext: Sasol
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