SIPBEE: SASOL INZALO PUBLIC (RF) LIMITED - Potential Distribution, Suspension and Termination of Sasol Inzalo Public listing

SIPBEE: SASOL INZALO PUBLIC (RF) LIMITED - Potential Distribution, Suspension and Termination of Sasol Inzalo Public listing
Potential Distribution, Suspension and Termination of Sasol Inzalo Public listing

Sasol Inzalo Public (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/030646/06)
Sasol Inzalo Public Share code: JSE: SIPBEE
Sasol Inzalo Public Ordinary ISIN code: ZAE000210050
("Sasol Inzalo Public")

Potential Distribution, Suspension and Termination of Sasol Inzalo Public listing

Shareholders are referred to the announcement published on the Stock Exchange
News Service of the JSE ("SENS") on Monday, 20 August 2018 wherein it was stated
that:

- Sasol Inzalo Public Funding (RF) Limited ("Fundco"), a wholly owned subsidiary
of Sasol Inzalo Public, is obliged to redeem its A, B and C preference shares on
the tenth anniversary of the issue date. This redemption will take place on
Monday, 10 September 2018 together with payment of final dividends on these
preference shares. The aggregate amount required for this purpose is
approximately R7,4 billion (the "Preference Share Debt");

- Fundco currently holds 16 085 199 Sasol preferred ordinary shares and is obliged
to dispose of a sufficient number of these shares to Sasol Limited ("Sasol") on
Friday, 7 September 2018 in order to satisfy the Preference Share Debt. This
disposal will take place at the 30 day volume weighted average price of a Sasol
ordinary share ("30 day VWAP") on Thursday, 6 September 2018;

- Sasol has accepted the offer from Fundco to sell, for cash, to Sasol any Available
Shares held by Fundco after settlement of the Preference Share Debt;

- The cash arising from the sale to Sasol of any Available Shares will be
distributed to Sasol Inzalo Public shareholders less a provision for expenses
and taxes.
In terms of the JSE´s corporate action timetable requirements Sasol Inzalo Public
shareholders should note the following:

Event Date - 2018

Last day to trade in Sasol Inzalo Public securities Tuesday, 4 September
(SIPBEE shares)

Suspension of SIPBEE shares on the JSE trading system Wednesday, 5 September
at commencement of trade

Record date Friday, 7 September

Announcement to be released recording all relevant Tuesday, 11 September
details around the payment (by 11h00)

Cash distribution, if any* Monday, 17 September

Termination of SIPBEE shares on the JSE trading Tuesday, 18 September
system at commencement of trade on**

*Shareholders were cautioned that if the 30 day VWAP on Thursday, 6 September 2018
is less than R462, Fundco will be obliged to sell all its Sasol preferred ordinary
shares in order to settle its Preference Share Debt and there will therefore be no
Available Shares and accordingly no distribution ultimately to Sasol Inzalo
shareholders.

**Shareholders are informed that the change in the delisting date from Friday,
7 September 2018 (as mentioned in the announcement on Monday, 20 August 2018) to
Tuesday, 18 September 2018 is to allow for the distribution of cash before the
delisting of the SIPBEE shares and will have no adverse effect on SIPBEE
shareholders.

In accordance with the requirements of Strate, no dematerialisation or
rematerialisation of SIPBEE shares will be possible from Wednesday, 5 September
2018 to Friday, 7 September 2018, both dates inclusive.

29 August 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Sole Financial Advisor
Rothschild (South Africa) Proprietary Limited

South African Legal Advisors
Edward Nathan Sonnenbergs Inc
Poswa Inc.

Date: 29/08/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

Date: 
Wednesday, August 29, 2018