Sasol Limited – Trading Statement
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
(ISIN: ZAE000006896)
Share codes:
JSE - SOL
NYSE - SSL
("Sasol")
On 25 April 2005, Sasol issued a Trading Statement advising that it
anticipated Rand attributable earnings and earnings per share for
the financial year ending 30 June 2005 to be between 45% and 55%
higher than those achieved in the previous financial year. The
Trading Statement also advised that headline earnings were expected
to increase by between 55% and 65% compared to the previous
financial year.
At the time the Trading Statement was issued, the Rand was trading
at about R6,00 : US$1,00 and international oil prices were about
US$52,60 per barrel. During the intervening period through to end-
June 2005, the Rand weakened by more than 10% and oil prices
increased by approximately 5%.
Primarily as a consequence of these factors, Sasol wishes to
announce that Rand attributable earnings and earnings per share for
the full financial year ended 30 June 2005, are expected to be
between 55% and 60% higher than those achieved in the previous
financial year.
Impairment tests on all material assets have been undertaken as a
part of the year-end accounting exercise. Primarily because of
anticipated impairments and other capital effects including non-
recurring income and proceeds from asset disposals in the previous
year, it is also expected that Rand headline earnings and headline
earnings per share should be between 80% and 85% better than those
achieved in the previous financial year.
This revised view has not been audited or reviewed by the company’s
auditors.
Johannesburg
6 July 2005
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Forward looking statements
We may in this document make statements that are not historical
facts and relate to analyses and other information based on
forecasts of future results and estimates of amounts not yet
determinable. These are forward-looking statements as defined in
the U.S. Private Securities Litigation Reform Act of 1995. Words