Edgar Filing: SASOL LTD

Page 1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

Report on Form 6-K for September 8, 2014

Commission File Number 1-31615

Sasol Limited

1 Sturdee Avenue

Rosebank 2196

South Africa

(Name and address of registrant’s principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F.

Form 20-F __X__ Form 40-F _____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-
T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted
solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-
T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer must furnish and make public
under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized
(the registrant’s “home country”), or under the rules of the home country exchange on which the
registrant’s securities are traded, as long as the report or other document is not a press release, is not
required to be and has not been distributed to the registrant’s security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also
thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.

Yes _____ No __X__

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82-_______________.

Enclosures:

Audited financial results for the year ended 30 June 2014

Sasol Limited
(incorporated in the Republic of South Africa)
Company registration number: 1979/003231/06, incorporated in the Republic of South Africa

JSE
Sasol Ordinary shares:
Share code: SOL
ISIN: ZAE000006896

NYSE
Sasol Ordinary shares:
Share code: SSL
ISIN: US8038663006

Sasol BEE Ordinary shares
Share code: SOLBE1
ISIN: ZAE000151817

("Sasol" or "the Company")
Audited financial results
for the year ended 30 June 2014

Salient features
- Synfuels production volumes of 7,6 million tons - highest in a decade
- ORYX GTL plant achieved an average utilisation rate of 97%
- Normalised cash fixed costs - 1,8% below SA PPI
- Headline earnings per share up by 14% to a record R60,16
- Total dividend of R21,50 per share, up by 13%
- Total skills development and socioeconomic spend of R1,4 billion
- Business performance enhancement programme to deliver increased annual savings of at least R4 billion by 2016
- Capital expenditure of R39,5 billion - 57% invested in South Africa

Sasol is an international integrated energy and chemicals company that leverages the talent and expertise of our more than 33 000 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.

Segment report
for the year ended 30 June

Turnover

R million

Business unit analysis

Operating profit/(loss) after

remeasurement items

R million

2012(1)

2013(1)

2014

2013(1)

2012(1)

133 100 145 954 171 782

South African energy cluster

41 147

36 616

28 645

10 672

12 324

14 134

Mining

2 453

2 214

2 287

6 778

8 081

9 355

Gas

4 175

3 919

2 840

48 791

58 275

67 654

Synfuels

32 988

28 624

22 095

66 859

67 274

80 639

Oil

1 531

1 859

1 425

Other

(2)

3 913

4 515

5 933

International energy cluster

(6 916)

(2 877)

(2 773)

802

881

725

Synfuels International

(935)

(991)

(837)

3 111

3 634

5 208

Petroleum International

(5 981)

(1 886)

(1 936)

89 165

98 943 119 997

Chemical cluster

8 407

3 022

4 522

15 922

17 759

21 145

Polymers

(767)

(1 506)

(1 020)

18 504

20 728

18 306

Solvents

200

825

1 381

37 698

41 278

56 071

Olefins & Surfactants

5 336

3 580

3 193

17 041

19 178

24 475

Other chemical businesses

3 638

123

968

117

368

1 063

Other businesses

(964)

2 018

1 355

226 295 249 780 298 775

41 674

38 779

31 749

(67 181) (79 889)

(96 092)

Intersegmental turnover

159 114 169 891 202 683

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for additional information.

Overview

A new era for Sasol

President and Chief Executive Officer, David E Constable says:
"Underpinned by a solid operational performance, ongoing business improvements, and strengthened stakeholder relations, Sasol has outperformed our
previous best efforts.

The all-encompassing changes we have introduced in the last three years, have set the scene for us to deliver on our strategy as a more efficient, effective
and competitive organisation. The benefits of the detailed work we have done to reposition, restructure and re-energise the company are already evident in
our performance, and in the commitment of our people.

Over the last three years, the compounded annual growth rate of headline earnings per share increased by 21%, and dividends by 18%. This outstanding
performance sets the platform for what is the beginning of a new era for the group.

In this new era, our focus will be on becoming a leading monetiser of natural resources, and a trusted partner to countries seeking to add value to their
hydrocarbon reserves."

Financial results overview*

Earnings attributable to shareholders for the year ended 30 June 2014 increased by 13% to R29,6 billion. Headline earnings per share increased by 14% to
R60,16 and earnings per share increased by 12% to R48,57, over the same period.

Sasol recorded an operating profit, after remeasurement items, of R41,7 billion for the year, up 7%, excluding our share of profits of equity accounted joint
ventures and associates of R4,1 billion, which includes our ORYX GTL plant. This achievement was on the back of an overall improved operational
performance. Operating profit was boosted by a 17% weaker average rand/US dollar exchange rate (R10,39/US$ at 30 June 2014 compared with R8,85/US$ at
30 June 2013), and a progressive improvement in chemical prices, while the average Brent crude oil price (average dated Brent was US$109,40/barrel at 30
June 2014 compared with US$108,66/barrel at 30 June 2013) remained flat. Our share price increased by 47% over the financial year closing at R632,36. This
however resulted in a substantial year on year increase in the provision for long-term employee share based incentives of R3,6 billion.

Earnings attributable to shareholders in the current year were negatively impacted by remeasurement items** totalling R7,6 billion (30 June 2013 - R6,5
billion). These items relate primarily to the R5,3 billion (CAD540 million) impairment of our Canadian shale gas assets, and the R466 million (EUR32 million)
partial impairment and final loss on disposal of R966 million (EUR67 million) of our Solvents Germany assets.

* All comparisons refer to the prior year comparative period, as restated for the adoption of the new consolidation suite of accounting standards unless
otherwise stated (refer to the basis of preparation and accounting policies section of this announcement for details thereon). The 2011 and 2010 financial
years have not been restated for the adoption of the new consolidation suite of accounting standards.
** Remeasurement items include our equity accounted joint ventures.

Sasol Synfuels delivered excellent production volumes of 7,6 million tons (mt) (30 June 2013 - 7,4 mt), an increase of 2% compared to the prior year. This
performance, a record for the past decade, was achieved despite a planned total and phase shutdown of the east factory in September 2013. Normalised
Synfuels production increased by 4% on a comparable basis.

Production performance at our ORYX gas-to-liquids (GTL) plant, which achieved an average utilisation rate of 97%, also exceeded plan.

In our European chemical businesses, we continued to optimise our production volumes and margins, in light of the slower than expected recovery of the

European market. Our Sasol Olefins and Surfactants business delivered improved operating results and benefited from low feedstock prices in the US. Sasol
Polymers is returning to profitability mainly as a result of the commissioning of our Ethylene Purification Unit 5 (EPU5) during the year, coupled with the
effect of our business turnaround plan.

Normalised cash fixed costs increased by only 5,5%, 1,8% below the South African producers’ price index (SA PPI) of 7,3% for the year. This was achieved
despite a challenging South African cost environment in respect of labour, maintenance and electricity costs. A key area of management focus is our
business performance enhancement programme, where we have made significant progress in reducing the cost base sustainably. The programme realised
actual benefits of R469 million for the financial year, R700 million on an annualised basis.

The change in the effective tax rate from 31,7% to 32,6% resulted primarily from the impact of the Canada impairment, the reduction of the Wax fine
imposed by the European Commission in 2009, as well as the Polymers fine incurred during the financial year.

Cash flow generated from operations increased by 26% to R65,5 billion compared with R51,9 billion in the prior year. This includes an increase in working
capital of R2,1 billion, mainly as a result of price effects due to higher commodity prices and the weaker exchange rate. Capital spend for the year amounted
to R39,5 billion.

Taking into account the ongoing strength of our financial position, current capital investment plans, as well as our progressive dividend policy, the Sasol
board of directors has declared a record final dividend of R13,50 per share. This approach remains in line with our commitment to consistently return
sustainable value to shareholders.

Acting Chief Financial Officer, Paul Victor says:
"These outstanding final results are due to an excellent underlying operational performance, coupled with a continued focus on cost control. Despite the
impact of increased non-cash charges, we continue to deliver growth in earnings. Our cash flow generation remains robust, which together with our
under-geared balance sheet, allows us to increase dividends in line with our progressive dividend policy. At the same time we are able to invest in new
growth projects in Southern Africa and North America. As this new era for Sasol evolves, we are well placed to continue delivering value to our
shareholders."

Business performance enhancement programme delivering results

We continue to implement our group-wide business performance enhancement programme, to restructure and reposition Sasol for a new era.

The process of designing and filling our new senior leadership structures has been completed. This process has resulted in almost 200 voluntary separations
and early retirements having been agreed by the end of 2014. Our new operating model, organised along the value chain was rolled out on 1 July 2014. We are
making steady progress with the implementation of the related legal and corporate structures, including more effective and efficient decision-making and
governance frameworks and enterprise resource planning systems.

We are confident that the programme will deliver sustainable cost savings, compared to a 2013 base, of at least R4 billion per year from 2016 onwards, and
that our cash fixed costs will follow SA PPI thereafter. Implementation costs for the programme amounted to R1,3 billion during 2014, and are expected to
increase to approximately R2,1 billion for 2015. Actual cost savings achieved during 2014 amounted to R469 million (R700 million annualised), as a result of
voluntary employee severances and reduced external spend. We expect cost savings of approximately R1,5 billion for 2015 (R2,2 billion annualised).

As we implement this group-wide programme, we are maintaining a key focus on safety, compliance and operational stability to allow us to continue to
deliver on our operational and financial performance targets.

Advancing projects to enable future growth

We are encouraged by the headway we are making in delivering on our project pipeline:

- Focusing on our foundation businesses:

- The R14,2 billion Sasol Synfuels growth programme is nearing completion, with beneficial operation expected to be reached in December 2014. This will
allow additional natural gas to be fed into the facility, enabling higher volumes of fuels and chemical feedstock to be produced, as well as increased
electricity generation. Many of the benefits are already evidenced by the increased production performance.

- The development of the Impumelelo and Shondoni collieries, which are part of Sasol Mining’s R14 billion mine replacement programme, continue to
progress steadily. Despite some schedule delays being experienced, we still expect Impumelelo and Shondoni collieries to reach beneficial operation during
mid and late calendar year 2015 respectively, within budget.

- The expansion of our FT wax facility in Sasolburg is progressing well with the commissioning of the new slurry bed reactor, which is critically important
for the capacity expansion, expected to take place during the fourth quarter of the 2014 calendar year. Commissioning of phase 2 of the project is on track to
take place during the second half of the 2016 calendar year. The total project cost for both phases remains unchanged at R13,6 billion.

- Our R1,3 billion C3 stabilisation project, which will improve the extraction of propylene to produce higher-value chemicals, achieved beneficial operation
during June 2014. The project was completed on time and within budget.

- We continued to advance the development of our 49% share of the US$246 million 175 megawatt gas-fired power generation plant in Mozambique, in
partnership with the country’s state-owned power utility, Electricidade de Moçambique at Ressano Garcia (EDM). All 18 gas engines are already on site and
construction activities are well advanced with pre-commissioning activities underway. Beneficial operation and ramp up to full capacity is planned for the
second half of the 2014 calendar year. The project is expected to be on schedule and within budget.

- The construction of a R2 billion loopline on the Mozambique to Secunda gas pipeline is progressing well. Beneficial operation is expected during the
second half of the 2014 calendar year, and the project is expected to be completed within budget.

- Looking at our growth projects:

- On 7 August 2014, Sasol and INEOS Olefins & Polymers USA successfully concluded a toll manufacturing joint venture, Gemini HDPE LLC. Construction of
the 470 kilotons per annum high density polyethylene plant has now commenced. Plant start-up is expected towards the end of the 2016 calendar year.

- The front-end engineering and design (FEED) work for our world-scale chemical complex in Westlake, Louisiana is nearing completion. The economics of

the complex, consisting of a world-scale 1,5 million tons per annum ethane cracker and six ethylene derivative units, remain robust. We have secured
sufficient ethane transportation capacity on various pipeline systems as well as term-based ethane supply agreements. The air, water and wetlands permits
for the ethane cracker and derivatives complex and the US gas-to-liquids (GTL) and chemical value adds facility have been issued without any challenge or
objections, supporting the positive view being taken by stakeholders on this project. We are making good progress on the financing and are still on track to
take a final investment decision before the end of this calendar year.

Our well-defined contracting strategy mixes fixed price and reimbursable contracts. This will limit undue cost contingencies and the related risk. The capital
cost for the chemical complex includes extraordinary costs incurred to acquire additional land for the construction of the project and establish our Lake
Charles Chemical Complex as an integrated multi-asset site similar to our Secunda site. This land and enabling infrastructure will facilitate and enable future
growth in the region and benefit our Lake Charles site for decades to come.

- Working alongside Technip, we are progressing with the FEED phase of our planned US GTL and chemicals value-adds facility. This facility, which is to be
located adjacent to the ethane cracker and downstream derivatives complex in Westlake, Louisiana, will produce at least a nominal 96 000 barrels per day of
product, with the potential to produce up to 10% more. The final investment decision on the GTL facility is expected to follow within 24 months of that of
the US ethane cracker and derivatives complex, taking into consideration significant progress made with the execution of the cracker project, prevailing
market conditions, as well as the impact on Sasol’s gearing and progressive dividend policy.

- In Nigeria, the Escravos GTL project achieved the start of beneficial operation during June 2014. Start-up activities have continued as scheduled and the
facility will be ramped up to full capacity by the end of the 2014 calendar year.

- In Mozambique, a joint pre-feasibility study for a large-scale GTL plant, which will be based on gas from the Rovuma Basin in Northern Mozambique, is
underway. The study, which is being conducted in conjunction with Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH) and
Italian multinational, Eni S.p.A. (Eni), will assess the viability and benefits of such a plant in the region.

- Turning to our upstream activities:

- The full field development plan for the Production Sharing Agreement (PSA) is on track to be submitted to the Mozambican authorities by the February
2015 deadline.

- In support of our upstream growth aspirations we are currently evaluating opportunities to diversify and expand our portfolios. On 4 June 2014, we
signed a conditional agreement with Eni for exploration right permit 236 (ER236) to explore for hydrocarbons in South Africa’s Durban and Zululand Basins,
offshore KwaZulu-Natal. Completion of the agreement is subject to the fulfilment of outstanding conditions precedent, which is expected to be during 2015.

- In Block 3A/4A in the offshore Orange Basin along South Africa’s west coast, we are concluding a joint evaluation with PetroSA on converting the
technical co-operation permit into an exploration right.

- Offshore Gabon, we are maturing and developing additional proven reserves to maintain and potentially boost production in the non-operated Etame
Marin Permit. The development of the Etame expansion project and the South East Etame and North Tchibala project are on track for beneficial operation in
the 2015 calendar year.

- Our investments in the Montney region in Canada continue to provide a strategic resource and gas price hedge for our North American GTL downstream
plans. With our new partner, Progress Energy, we are continuing to develop the gas reserve. Development activities will increase once we see a sustainable
increase in North American gas prices.

- In Australia, together with our partners, we are completing a partial farm-out to Shell in the exploration licence AC/P52, resulting in Sasol retaining a 30%
interest. We also concluded a conditional farm-in agreement for 35% with Origin Energy Limited (also: 35%) from Falcon Oil and Gas Australia Limited
(remaining: 30%) for three onshore exploration permits in the highly prospective Beetaloo Basin in the Northern Territory.

Excellent operational performance with costs controlled

South African energy cluster

Sasol Mining - increased production, improved cost performance

Operating profit increased by 11% to R2 453 million compared to the prior year. Production volumes increased by 3,5% compared to those of the prior year.
The improved operating profit was supported by higher export volumes, increased sales prices to Sasol Synfuels, as well as the weaker rand/US dollar
exchange rate. Sasol Mining’s normalised mining unit cost from its operations increased by 7% compared with the prior year.

Sasol Gas - increased volumes

Operating profit increased by 7% to R4 175 million compared to the prior year mainly as a result of higher sales volumes and a gain of R453 million recognised
on the disposal of our investment in Spring Lights Gas. Effective 26 March 2014, the National Energy Regulator of South Africa commenced regulating the
transmission tariffs and maximum prices of Sasol Gas. The majority of our customers have signed new agreements.

Sasol Synfuels - record production performance since Clean Fuels I

Sasol Synfuels’ operating profit increased by 15% to R32 988 million compared to the prior year primarily due to increased production volumes and a weaker
average rand/US dollar exchange rate. Production volumes of 7,6 mt (30 June 2013 - 7,4 mt), is an improvement of 2% compared to the prior year. This
performance, a record for the past decade, was achieved despite a planned total and phase shutdown of the east factory in September 2013. Normalised
production increased by 4% on a comparable basis. Cash unit costs increased by 10,6% compared to the prior year due to higher feedstock prices,
maintenance and energy costs.

Sasol Oil - higher volumes, lower refining margins

Operating profit of R1 531 million was 18% lower than the prior year, primarily due to lower refining margins. Compared to the prior year, sales and production
volumes were respectively 4,8% and 6,8% higher. Sales volumes increased due to higher demand from the export, aviation and commercial markets.
Production volumes were higher in 2014 primarily due to the extended shutdown of Natref in the prior financial year. Normalised production volumes for
Natref increased by 2% compared to the prior year.

Sasol Synfuels International (SSI) - ORYX GTL excels in performance

International energy cluster

SSI’s profit from operations, joint ventures and associates increased by 74% to R2 761 million compared to the prior year operating profit of R1 586 million.

Our share of income from the ORYX GTL joint venture increased by 52% to R4 028 million compared to the prior year. This was due to the record average
utilisation rate of 97% for the financial year as well as the weaker rand/US dollar exchange rate. The plant has now maintained a recordable case rate (RCR) of
zero for three consecutive years.

Sasol Petroleum International (SPI) - Volume growth in Africa, however, Canadian asset remains under pressure

SPI recorded an operating loss of R5 981 million compared to an operating loss of R1 886 million in the prior year. Excluding Canada, SPI achieved an
operating profit of R1 022 million for the year compared to an operating loss of R71 million in the prior year, mostly due to a 9% improvement in production
from our Mozambique and Gabon assets.

Our Canadian shale gas asset in Montney incurred an operating loss of R7 billion, including an impairment of R5,3 billion (CAD540 million) and depreciation of
R1,9 billion (CAD201 million) for the year. The impairment at 31 December 2013 was mainly due to the decline in gas prices in North America and the drop in
valuation of recent market transactions for similar assets in the Montney region. In conjunction with our joint venture partner, Progress Energy, we currently
have two drilling rigs in operation. Our focus during the 2014 financial year was to progressively develop the asset by drilling a number of key appraisal wells
and reduce our spend on drilling and completion costs. Drilling activities will increase once we see an improvement in the gas prices.

Chemical cluster

Sasol Polymers - returning to profitability

Sasol Polymers recorded an operating loss of R767 million, an improvement from the operating loss of R1 506 million in the prior year. The operating loss
includes penalties of R534 million relating to the South African Competition Tribunal fine, as well as a final loss on disposal of our Arya Sasol Polymer
Company (ASPC) business in Iran of R198 million. Excluding these once off items of R732 million, the Polymers business was close to break even. Main
contributors to the improved results were progressive increases in dollar based sales prices, an increase in sales volumes of 5% and an increase in
production volumes of 12%. The increased volumes are due to improved plant efficiencies, as well as plant stability benefits derived from the commissioning
of EPU5 in October 2013. Total sales volumes have improved by 10,6% since 2012.

Sasol Solvents - improved margins

Operating profit decreased by 76% to R200 million compared to the prior year. The financial performance was negatively impacted by the partial impairment
of R466 million (EUR32 million) of our Solvents Germany assets as well as a loss on disposal of these assets of R966 million (EUR67 million). After adjusting
for the sale of assets, operating profit increased by 54%, mainly as a result of an increase in margins following the weaker rand against the US dollar.

Sasol Olefins & Surfactants (Sasol O&S) - consistently delivering strong earnings

Operating profit increased by 49% to R5 336 million compared to the prior year, underpinned by consistent and reliable operational delivery supported by
the weaker rand/euro exchange rate. Our US operations continue to benefit from the low US ethane price, whilst our European operations are still under
pressure due to softer demand, coupled with continued high petrochemical feedstock prices.

Other chemical businesses - substantial reduction in Sasol Wax fine, challenging market conditions for Sasol Nitro

Our other chemical businesses recorded an operating profit of R3 638 million compared to an operating profit of R123 million in the prior year. The significant
increase in the operating profit of our Sasol Wax business is due to a payment of R2,5 billion (EUR168,2 million) received from the European Commission,
based on a favourable judgement by the European General Court. The Court has reduced a 2009 fine paid by Sasol to the European Commission from
EUR318,2 million to EUR150 million. This decision can still be appealed by the European Commission.

Sasol Infrachem’s operating profit of R1 165 million was negatively affected by softer global ammonia prices, coupled with lower production volumes. The
Sasol Nitro business incurred an operating loss of R332 million for the year. While sales volumes increased slightly, the explosives and fertiliser businesses
faced challenging trading and market conditions, characterised by prolonged industrial action in the platinum mining sector and depressed international
nitrogen fertiliser prices.

Maintaining our focus on sustainable value creation

We continued to deliver on our broader sustainability and community contributions during the period:

- Tragically during the year, the group experienced five fatalities, primarily related to equipment and machinery, personnel travel and severe weather
conditions. Our safety incident RCR for employees and service providers, including injuries and illnesses was 0,42 at 30 June 2014. With the implementation
of the new operating model, a review of our safety performance baseline was also undertaken and further details on the process and findings will be
included in our 2014 Sustainable Development Report. Safety remains a top priority and focus area for Sasol.

- During the year we spent R1,4 billion on skills and socioeconomic development, which includes Ikusasa, bursaries, learnerships and artisan training
programmes.

- Our Ikusasa programme is progressing well. Four areas are being focused on, namely education, health and wellbeing, infrastructure, and safety and
security in the Secunda and Sasolburg regions. As part of our commitment to the communities in which we operate, we invested R98 million in Secunda and
R88 million in Sasolburg during the year, with a further R200 million per annum planned for 2015 and 2016. The Ikusasa investment totals R800 million over
four years.

- During the year, we intensified our efforts to improve our energy efficiency management and operating practices. This resulted in our energy intensity
index (energy use per ton of production) for our South African operations improving by 3%, on top of the 6% improvement in the previous year.

- Our external water conservation partnership, Project Boloka Metsi Phase 2, in the Emfuleni municipality continued to yield remarkable results. In the past
year 4,76 million cubic metres of water, with an economic value of approximately R26 million has been saved. Over the two year period, a total of 114 000

households and 94 schools have been visited to repair multiple leaks. This improvement equates to the equivalent use of 16 000 households over a year, or
22% of Sasol Sasolburg’s annual raw water needs.

- As environmental legislation in South Africa continues to evolve, specifically on air quality, waste, water and climate change issues, Sasol proactively
engages with our various stakeholders to ensure workable and sustainable solutions, which will balance critical business and developmental imperatives with
societal needs. To this end, Sasol and other industry and non-governmental organisations collaborated on a Department of Environmental Affairs’ (DEA)
study aimed at determining greenhouse gas mitigation potential in South Africa. This study provides the basis for the determination of sector and company
specific emission budgets.

- Sasol also provided detailed inputs to National Treasury on the carbon tax design policy. During the 2014 budget review speech, National Treasury indicated
that the implementation of the tax has been postponed to 2016 and that emission budgets, as proposed by the DEA, and the carbon tax would be
integrated, representing a step forward in the development of a holistic carbon mitigation approach for South Africa.

- To ensure our ongoing compliance with updated air quality requirements in South Africa, Sasol is engaging with the relevant authorities and using available
regulatory mechanisms, such as the postponement application process. As required by the Air Quality Act, registration certificates were successfully and
timeously transitioned to Atmospheric Emission Licences. In addition we are exploring alternative avenues that will yield tangible and sustainable
improvements in ambient air quality.

- During the year we paid R35,8 billion in direct and indirect taxes to the South African government. Sasol remains one of the largest corporate taxpayers in
South Africa, contributing significantly to the country’s economy.

Competition law compliance

We continue to evaluate and enhance our compliance programmes and controls in general, and our competition law compliance programme and controls, in
particular. As a consequence of these programmes and controls, including monitoring and review activities, we have also adopted appropriate remedial and/
or mitigating steps, and made disclosures on material findings, as and when appropriate.

The South African Competition Commission (Commission) is conducting investigations into several industries in which Sasol operates, including the
petroleum and polymer industries and has initiated a market inquiry in the South African LPG market. We continue to cooperate with the Commission in
these investigations. To the extent appropriate, further announcements will be made in future.

On 5 June 2014, the South African Competition Tribunal released its decision relating to Sasol Polymers’ pricing of propylene and polypropylene. This matter
was initiated at the end of 2007, when the Commission commenced its investigation into the South African monomers and polymers industries. The
Commission’s complaint was referred to the Competition Tribunal in 2010, contending that Sasol Polymers had, between January 2004 and December 2007,
charged excessive prices for propylene and polypropylene supplied into the South African market. The matter was ultimately heard by the Tribunal at the end
of last year. In its decision, the Tribunal found against Sasol Polymers in relation to the pricing of both propylene and polypropylene, for the period in
question. In respect of propylene, the Tribunal imposed an administrative penalty of R205,2 million. In respect of polypropylene, the penalty amounts to
R328,8 million. In addition, the Tribunal also ordered revised future pricing of propylene and polypropylene. Sasol has appealed this decision.

In October 2008, the European Commission imposed a fine of EUR318,2 million on several Sasol group companies, relating to Sasol Wax’s involvement in the
European paraffin wax cartel. The fine was paid in full in January 2009. Sasol viewed the fine as excessive and, in December 2008, applied to the European
General Court in Luxemburg for a reduction of the fine. On 11 July 2014, the European General Court reduced the fine by an amount of EUR168,2 million (R2,5
billion) to EUR150 million. The European Commission has the right to appeal the decision.

Robust cash generation and ungeared balance sheet

The deleveraged balance sheet reflected an ungeared position of 6,3% at 30 June 2014 compared to the ungeared position of 1,1% at 30 June 2013. The low
gearing is supported by continued healthy cash flow generation from across the group. This low level of gearing is expected to be maintained in the
short-term, but is likely to return to our targeted range of 20% to 40% in the medium-term, taking into account our growth programme as well as our
progressive dividend policy.

Profit outlook+ - solid production performance and cost reductions to continue

South Africa’s economic outlook remains challenging as the country is still recovering from a five-month long strike in the platinum sector, with business and
consumer confidence levels remaining low. While our oil price and exchange rate views are largely unchanged, there is an increased risk that global geo-
political tensions and the start of the interest rate normalisation cycle in key global economies could see higher financial market volatility. This could impact
both the rand exchange rate and oil price assumptions, both of which remain some of the biggest external factors impacting our profitability. We continue to
focus on factors within our control: volume growth, margin improvement and cost reduction. The current volatility and uncertainty of global markets and
geo-political activities makes it difficult to be more precise in this outlook statement.

We expect an overall solid production performance for the 2015 financial year with the following guidance:

- Sasol Synfuels’ volumes are expected to be between 7,5 and 7,6 million tons;

- Taking into account the statutory shutdown, the average utilisation rate at ORYX GTL in Qatar is expected to be about 85% of nameplate capacity;

- Our shale gas venture in Canada will maintain stable production compared to the prior year. At present, we are optimising drilling activities, as ramp-up
remains dependent on sustained natural gas price increases. Our Canadian investment, however, remains under pressure;

- We expect normalised cash fixed costs to follow SA PPI. Our 2015 cost increase may be under pressure due to higher than expected electricity price
increases; and

- Capital expenditure expectations are R50 billion for 2015 and R65 billion in 2016, as we progress with the execution of our growth plan and strategy.

+ In accordance with standard practice, it is noted that this information has not been reviewed and reported on by the company’s auditors.

Acquisitions and disposals of businesses

On 2 July 2013, Sasol Gas disposed of its 49% share in Spring Lights Gas for a purchase consideration of R474 million, realising a profit on disposal of

R453 million.

On 16 August 2013, we disposed of our 50% interest in ASPC for a purchase consideration of R3 606 million (US$365 million). A final loss of R198 million was
recognised on the disposal of the investment. All outstanding amounts in respect of the purchase consideration have been received in full. As a result of the
transaction, Sasol has no ongoing investments in Iran.

In September 2013, Sasol acquired the remaining 60% shareholding in Wesco China, for a purchase consideration of R519 million (US$52 million), resulting in
a fair value gain of R110 million on the acquisition.

At 31 December 2013 we impaired our Solvents Germany GmbH assets by R466 million (EUR32 million) based on a decision to dispose of the affected assets.
This disposal was completed on 31 May 2014 when merger control approval was obtained for the transaction, with a loss of R966 million (EUR67 million)
recognised on the disposal in addition to the impairment.

Subsequent events

On 31 July 2014, Sasol obtained approval from the South African Competition Commission for the disposal of its air separation unit in Sasolburg to Air
Products South Africa for a purchase consideration of R475 million. As a result of this transaction, Sasol will enter into a long-term supply agreement with Air
Products South Africa for the site’s gaseous products requirements.

Change in directors

Mrs TH Nyasulu retired as chairman and non-executive director of Sasol with effect from 22 November 2013. On 22 November 2013, Dr MSV Gantsho was
appointed as the independent chairman of Sasol. Mr B Nqwababa was appointed as an independent non-executive director of Sasol and a member of the
audit committee with effect from 5 December 2013.

Declaration of cash dividend number 70

A final gross cash dividend of South African 1350,00 cents per ordinary share (30 June 2013 - 1330,00 cents per share) has been declared for the year ended
30 June 2014. The final cash dividend is payable on the ordinary shares and the Sasol BEE ordinary shares. The dividend has been declared out of retained
earnings (income reserves). The South African dividend withholding tax rate is 15% and no credits in terms of secondary tax on companies have been utilised.
At the declaration date, there are 650 650 766 Sasol ordinary, 25 547 081 Sasol preferred ordinary and 2 838 565 Sasol BEE ordinary shares in issue. The net
dividend amount payable to shareholders, who are not exempt from the dividend withholding tax, is 1147,50 cents per share, while the dividend amount
payable to shareholders who are exempt from dividend withholding tax is 1350,00 cents per share.

The salient dates for holders of ordinary shares and BEE ordinary shares are:

Declaration date Monday, 8 September 2014
Last day for trading to qualify for and participate in the final dividend (cum dividend) Friday, 3 October 2014
Trading ex dividend commences Monday, 6 October 2014
Record date Friday, 10 October 2014
Dividend payment date Monday, 13 October 2014

The salient dates for holders of our American Depository Receipts are(1):

Ex dividend on New York Stock Exchange (NYSE) Wednesday, 8 October 2014
Record date Friday, 10 October 2014
Approximate date of currency conversion Tuesday, 14 October 2014
Approximate dividend payment date Friday, 24 October 2014

1 All dates are approximate as the NYSE sets the record date after receipt of the dividend declaration.

On Monday, 13 October 2014, dividends due to certificated shareholders on the South African registry will either be electronically transferred to shareholders’
bank accounts or, in the absence of suitable mandates, dividend cheques will be posted to such shareholders. Shareholders who hold dematerialised shares
will have their accounts held by their CSDP or broker credited on Monday, 13 October 2014.

Share certificates may not be dematerialised or re-materialised between Monday, 6 October 2014 and Friday, 10 October 2014, both days inclusive.

On behalf of the board

Mandla SV Gantsho
Chairman

David E Constable
President and Chief Executive Officer

Paul Victor
Acting Chief Financial Officer

Sasol Limited
5 September 2014

The preliminary financial statements are presented on a summarised consolidated basis.

Statement of financial position
at 30 June

2014

2013(1)

2012(1,2)

ASSETS
Property, plant and equipment

111 449

100 989

85 214

Assets under construction

51 320

39 865

33 112

Goodwill

644

574

539

Other intangible assets

1 882

1 418

943

Investments in equity accounted joint ventures

8 280

8 636

9 588

Investments in associates

1 877

2 688

2 571

Post-retirement benefit assets

487

407

313

Deferred tax assets

3 143

2 318

1 514

Other long-term assets

3 811

3 208

2 619

Non-current assets

182 893

160 103

136 413

Assets in disposal groups held for sale

1 419

2 274

Inventories

26 758

22 619

18 920

Trade and other receivables

30 374

28 340

25 643

Short-term financial assets

420

1 526

426

Cash restricted for use

1 245

6 056

3 625

Cash

37 155

25 247

12 538

Current assets

97 371

86 062

61 170

Total assets

280 264

246 165

197 583

EQUITY AND LIABILITIES
Shareholders’ equity

170 977

149 583

125 196

Non-controlling interests

3 792

3 310

2 746

Total equity

174 769

152 893

127 942

Long-term debt

23 419

21 340

11 589

Long-term financial liabilities

Long-term provisions

15 232

12 228

10 284

Post-retirement benefit obligations

9 294

8 813

6 810

Long-term deferred income

293

305

323

Deferred tax liabilities

18 246

15 572

13 180

Non-current liabilities

66 501

58 278

42 218

Short-term debt

2 637

1 565

1 217

Short-term financial liabilities

446

189

128

Other current liabilities

35 475

32 492

25 912

Bank overdraft

379

748

166

Liabilities in disposal groups held for sale

Current liabilities

38 994

34 994

27 423

Total equity and liabilities

280 264

246 165

197 583

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for
additional information.
2 Opening statement of financial position as at 1 July 2012.

Income statement
for the year ended 30 June

2014

2013(1)

2012(1)

Turnover

202 683

169 891

159 114

Materials, energy and consumables used

(89 224)

(76 617)

(78 711)

Selling and distribution costs

(5 762)

(5 102)

(4 186)

Maintenance expenditure

(8 290)

(7 243)

(7 147)

Employee related expenditure

(28 569)

(22 477)

(18 608)

Exploration expenditure and feasibility costs

(604)

(1 369)

(1 043)

Depreciation and amortisation

(13 516)

(11 121)

(8 842)

Other expenses, net

(7 415)

(4 234)

(7 051)

Translation gains

798

2 892

739

Other operating expenses

(12 522)

(8 889)

(9 191)

Other operating income

4 309

1 763

1 401

Operating profit before remeasurement items

49 303

41 728

33 526

Remeasurement items

(7 629)

(2 949)

(1 777)

Operating profit after remeasurement items

41 674

38 779

31 749

Share of profit of equity accounted joint ventures, net of tax

3 810

1 562

4 545

Share of profit of associates, net of tax

334

504

416

Profit from operations, joint ventures and associates

45 818

40 845

36 710

Net finance costs

(705)

(1 139)

(1 007)

Finance income

1 220

669

811

Finance costs

(1 925)

(1 808)

(1 818)

Profit before tax

45 113

39 706

35 703

Taxation

(14 696)

(12 595)

(11 501)

Profit for the year

30 417

27 111

24 202

Attributable to
Owners of Sasol Limited

29 580

26 274

23 580

Non-controlling interests in subsidiaries

837

622

30 417

27 111

24 202

Earnings per share

Rand

Basic earnings per share

48,57

43,38

39,09

Diluted earnings per share

48,27

43,30

38,90

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for
additional information.

Statement of comprehensive income
for the year ended 30 June

2014

2013(1)

2012(1)

Profit for year

30 417

27 111

24 202

Other comprehensive income, net of tax

Items that can be subsequently reclassified to the income statement

4 460

8 153

4 101

Effect of translation of foreign operations

4 477

8 114

4 063

Effect of cash flow hedges

(66)

Investments available-for-sale

(17)

(3)

Tax on items that can be subsequently reclassified to the income statement

(22)

Items that cannot be subsequently reclassified to the income statement

(22)

(338)

(821)

Remeasurements on post-retirement benefit obligations

(80)

(497)

(1 195)

Tax on items that cannot be subsequently reclassified to the income statement

159

374

Total comprehensive income for the year

34 855

34 926

27 482

Attributable to
Owners of Sasol Limited

34 002

34 073

26 850

Non-controlling interests in subsidiaries

853

632

34 855

34 926

27 482

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for
additional information.

Statement of changes in equity
for the year ended 30 June

2014

2013(1)

2012(1)

Opening balance

152 893

127 942

109 482

Shares issued during year

373

727

325

Share-based payment expense

267

374

485

Transactions with non-controlling shareholders in subsidiaries

Total comprehensive income for the period

34 855

34 926

27 482

Dividends paid to shareholders

(13 248)

(10 787)

(9 600)

Dividends paid to non-controlling shareholders in subsidiaries

(372)

(297)

(330)

Closing balance

174 769

152 893

127 942

Comprising
Share capital

29 084

28 711

27 984

Share repurchase programme

(2 641)

Sasol Inzalo share transaction

(22 054)

Retained earnings

144 126

127 996

112 509

Share-based payment reserve

9 150

8 883

8 509

Foreign currency translation reserve

14 704

10 235

2 137

Remeasurements on post-retirement benefit obligations

(1 413)

(1 585)

(1 250)

Investment fair value reserve

(3)

Cash flow hedge accounting reserve

(7)

(13)

Shareholders' equity

170 977

149 583

125 196

Non-controlling interests in subsidiaries

3 792

3 310

2 746

Total equity

174 769

152 893

127 942

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for
additional information.

Statement of cash flows
for the year ended 30 June

2014

2013(1)

2012(1)

Cash receipts from customers

203 549

169 059

157 912

Cash paid to suppliers and employees

(138 100)

(117 153)

(117 051)

Cash generated by operating activities

65 449

51 906

40 861

Cash flow from operations

67 592

55 184

44 703

Increase in working capital

(2 143)

(3 278)

(3 842)

Finance income received

5 920

6 063

6 574

Finance costs paid

(499)

(523)

(482)

Tax paid

(13 647)

(10 367)

(10 612)

Dividends paid to shareholders

(13 248)

(10 787)

(9 600)

Cash retained from operating activities

43 975

36 292

26 741

Additions to non-current assets

(38 779)

(30 414)

(28 539)

Acquisition of interests in joint ventures

(730)

(24)

Cash acquired on acquisition of joint ventures

Additional investment in joint ventures

(632)

(415)

(400)

Acquisition of interests in associates

(519)

Cash acquired on acquisition of associates

527

Additional investments in associates

(200)

(81)

Reimbursement of capital in associate

616

661

Disposal of businesses

1 353

167

713

Other net cash flows from investing activities

(379)

1 808

Cash used in investing activities

(37 813)

(30 833)

(26 523)

Share capital issued on implementation of share options

373

727

325

Contributions from non-controlling shareholders in subsidiaries

Dividends paid to non-controlling shareholders in subsidiaries

(372)

(297)

(330)

Proceeds from long-term debt

3 263

9 597

303

Repayments of long-term debt

(2 207)

(1 763)

(1 491)

Proceeds from short-term debt

2 346

2 049

Repayments of short-term debt

(2 497)

(1 834)

(80)

Cash generated by/(used in) financing activities

909

8 516

(1 221)

Translation effects on cash and cash equivalents of foreign operations

455

583

576

Increase/(decrease) in cash and cash equivalents

7 526

14 558

(427)

Cash and cash equivalents at beginning of year

30 555

15 997

16 424

Net reclassification to held for sale

(60)

Cash and cash equivalents at end of year

38 021

30 555

15 997

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for
additional information.

Salient features
for the year ended 30 June

2014

2013(1)

2012(1)

Selected ratios
Return on equity

18,5

19,1

20,3

Return on total assets

17,9

18,7

19,5

Operating profit margin

20,6

22,8

20,0

Finance costs cover

times

94,3

79,4

77,8

Dividend cover

times

2,3

2,2

Share statistics
Total shares in issue

million

678,9

677,2

673,2

Sasol ordinary shares in issue

million

650,6

648,8

644,8

Treasury shares (share repurchase programme)

million

8,8

Weighted average number of shares

million

609,0

605,7

603,2

Diluted weighted average number of shares

million

620,8

606,8

606,1

Share price (closing)

Rand

632,36

431,54

342,40

Market capitalisation - Sasol ordinary shares

411 413

279 983

220 788

Market capitalisation - Sasol BEE ordinary shares

1 330

871

686

Net asset value per share

Rand

281,68

247,12

208,21

Dividend per share

Rand

21,50

19,00

17,50

interim

Rand

8,0

5,70

final

Rand

13,50

13,30

11,80

Other financial information
Total debt (including bank overdraft)

26 435

23 653

12 972

interest bearing

25 744

22 882

12 483

non-interest bearing

691

771

489

Finance expense capitalised

530

300

Capital commitments (subsidiaries and joint operations)

59 058

66 061

44 741

authorised and contracted

66 491

62 330

49 098

authorised, not yet contracted

44 951

44 244

28 052

less expenditure to date

(52 384)

(40 513)

(32 409)

Capital commitments (equity accounted joint ventures)

764

617

779

authorised and contracted

1 152

880

815

authorised, not yet contracted

438

330

less expenditure to date

(826)

(701)

(366)

Guarantees, indemnities and contingent liabilities
total amount

42 552

42 721

29 405

liability included in the statement of financial position

23 733

21 321

11 194

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for additional
information.

2014

2013(1)

2012(1)

Other financial information
Significant items in operating profit
- Restructuring costs related to our business performance enhancement
programme(2)

1 131

Retrenchment packages provided for

269

Retrenchment packages settled during the year

Accelerated share-based payments

417

Consultancy costs

320

System implementation costs

- Share-based payment expenses

5 652

2 038

691

Sasol share incentive schemes

5 385

1 666

221

Sasol Inzalo share transaction

267

372

470

Directors' remuneration, excluding long-term incentives

Share options granted to directors - cumulative

000

628

Share appreciation rights with no performance targets granted to directors -
cumulative

000

Share appreciation rights with performance targets granted to directors - cumulative

000

535

780

700

Medium-term incentive rights granted to directors - cumulative

000

157

198

156

Sasol Inzalo share rights granted to directors - cumulative

000

Effective tax rate

32,6

31,7

32,2

Number of employees(3)

number

33 400

33 746

33 415

Average crude oil price - dated Brent

US$/barrel

109,40

108,66

112,42

Average rand/US$ exchange rate

1US$ = Rand

10,39

8,85

7,78

Closing rand/US$ exchange rate

1US$ = Rand

10,64

9,88

8,17

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for additional information.
2 In addition to these costs, an additional R148 million of internal resources was allocated to the project, bringing the total spend for the year to R1 279
million.
3 The total number of employees includes permanent and non-permanent employees and the group’s share of employees within joint operations, but
excludes contractors, equity accounted joint ventures' and associates' employees.

2014

2013(1)

2012(1)

Reconciliation of headline earnings

Earnings attributable to owners of Sasol Limited

29 580

26 274

23 580

Effect of remeasurement items for subsidiaries and joint operations

7 629

2 949

1 777

Impairment of property, plant and equipment(4)

3 289

206

572

Impairment of assets under construction(4)

2 625

2 096

879

Impairment of investment in equity accounted joint venture

275

Impairment of other intangible assets

166

127

Other impairments

Reversal of impairment

(1)

(33)

Loss/(profit) on disposal of non-current assets

(138)

Loss/(profit) on disposal of investment in businesses

778

(85)

(361)

Fair value gain on acquisition of businesses

(110)

(233)

Scrapping of non-current assets

634

339

425

Write off of unsuccessful exploration wells

469

270

Tax effects and non-controlling interests

(582)

(752)

Effect of remeasurement items for equity accounted joint ventures and associates
Gross remeasurement items

3 538

Tax effects

(140)

Headline earnings

36 640

31 869

25 501

Headline earnings adjustments per above
Mining

Gas

(450)

Synfuels

331

238

Oil

Synfuels International

288

(7)

Petroleum International

5 472

428

1 609

Polymers

171

3 572

Solvents

1 509

341

Olefins & Surfactants

146

(179)

Other chemical businesses

1 817

(94)

Other businesses

112

Remeasurement items

7 642

6 487

1 860

Headline earnings per share

Rand

60,16

52,62

42,28

Diluted headline earnings per share

Rand

59,64

52,53

42,07

1 Restated to reflect the adoption of the consolidation suite of accounting standards. Refer to the basis of preparation for
additional information.
4 The impairment relates mainly to the write-down of our shale gas assets in Canada of R5,3 billion due to the decline in gas
prices in North America and a decline in value of recent market transactions for similar assets in the Montney region.

The reader is referred to the definitions contained in the 2013 Sasol Limited financial statements.

Basis of preparation and accounting policies

The preliminary summarised consolidated financial statements for the year ended 30 June 2014 have been prepared in accordance with International
Financial Reporting Standards (IFRS), IAS 34 Interim Financial Reporting, the SAICA Financial Reporting Guides as issued by the Accounting Practices
Committee and Financial Pronouncements as issued by the Financial Reporting Standards Council, as well as the requirements of the South African
Companies Act, 2008, as amended and the JSE Listings Requirements.

The preliminary summarised consolidated financial statements do not include all the disclosure required for complete annual financial statements prepared
in accordance with IFRS as issued by the International Accounting Standards Board.

These preliminary summarised consolidated financial statements have been prepared in accordance with the historic cost convention except that certain
items, including derivative instruments, liabilities for cash-settled share-based payment schemes, financial assets at fair value through profit or loss and
available-for-sale financial assets, are stated at fair value.

The preliminary summarised consolidated financial statements are presented in South African rand, which is Sasol Limited’s functional and presentation
currency.

The preliminary summarised consolidated financial statements appearing in this announcement are the responsibility of the directors. The directors take full
responsibility for the preparation of the preliminary summarised consolidated financial statements. Paul Victor CA(SA), Acting Chief Financial Officer, is
responsible for this set of preliminary summarised consolidated financial statements and has supervised the preparation thereof in conjunction with the
Acting Senior Vice President: Controlling, Nina Stofberg CA(SA).

Accounting policies

The accounting policies applied in the preparation of these preliminary summarised consolidated financial statements are in terms of IFRS and are consistent
with those applied in the consolidated annual financial statements for the year ended 30 June 2013, except as follows:

The consolidation suite of standards, namely IFRS 10, Consolidated Financial Statements (IFRS 10), IFRS 11, Joint Arrangements (IFRS 11) and IFRS 12, Disclosure
of Interests in Other Entities (IFRS 12) became effective for annual periods beginning on or after 1 January 2013. Accordingly, Sasol adopted these new
accounting standards on 1 July 2013 which resulted in a restatement of the group’s previously reported results for the years ended 30 June 2013 and 30 June
2012.

IFRS 10, Consolidated Financial Statements

IFRS 10 replaces IAS 27, Consolidated and Separate Financial Statements, that addresses the accounting for consolidated financial statements and SIC-12,
Consolidation - Special Purpose Entities. IFRS 10 provides a single basis for consolidation with new criteria to determine whether entities, in which the group
has an interest, should be consolidated. The adoption of IFRS 10 has resulted in an existing subsidiary, National Petroleum Refiners of South Africa (Pty) Ltd
(Natref), in which the group has a 64% interest, being accounted for as a joint operation using the line-by-line consolidation method. The change from full
consolidation to reflecting Sasol’s 64% interest is not considered material. No material subsidiaries within the group were affected. The group has applied
IFRS 10 retrospectively in accordance with the transition provisions and the results for the years ended 30 June 2013 and 30 June 2012 have been restated
accordingly.

IFRS 11, Joint Arrangements

IFRS 11 replaces IAS 31, Interests in Joint Ventures, and SIC-13, Jointly-controlled Entities - Non-monetary Contributions by Venturers and changes the
classification for joint arrangements.

Under IFRS 11, a joint arrangement is classified as either a joint operation or a joint venture based on the rights and obligations of the parties to the
arrangement, the legal form of the joint arrangement and when relevant, other facts and circumstances. IFRS 11 removes the option to proportionately
consolidate joint ventures and instead, all interests in joint arrangements that meet the definition of a joint venture under IFRS 11 must be accounted for
using the equity method.

The adoption of IFRS 11 has resulted in the following significant changes:

Sasol’s
interest

Previous accounting treatment

Revised accounting treatment

ORYX GTL

Proportionately consolidated

Equity accounted

Sasol-Huntsman GmbH & co KG

Proportionately consolidated

Equity accounted

Petronas Chemicals LDPE Sdn Bhd

Proportionately consolidated

Equity accounted

Uzbekistan GTL LLC

44,5

Proportionately consolidated

Equity accounted

Arya Sasol Polymer Company(1)

Proportionately consolidated

Equity accounted

Merisol LP(2)

Proportionately consolidated

Equity accounted

1 The group disposed of its investment in Arya Sasol Polymer Company in August 2013. The comparative periods for
the years ended 30 June 2013 and 30 June 2012 have been restated in accordance with IFRS 11 to include this investment
as an equity accounted joint venture.
2 In December 2012, Sasol acquired the remaining 50% shareholding in Merisol. Accordingly, this investment was
accounted for as a 100% subsidiary from 31 December 2012.

The group has applied IFRS 11 retrospectively in accordance with the transitional provisions and the 2013 and 2012 results have been restated accordingly.
There is no significant impact on the net assets or underlying earnings of the group as a result of the adoption of IFRS 11.

All other joint arrangements (including Sasol Canada and Natref) will continue to be accounted for using the line-by-line consolidation method.

IFRS 12, Disclosure of Interests in Other Entities

IFRS 12 sets out the requirements for disclosures relating to an entity’s interest in subsidiaries, joint arrangements, associates and structured entities. None
of these disclosures are applicable for the condensed consolidated financial statements, unless required as a result of significant events and transactions in
the period. Accordingly these disclosures have been provided in the group’s annual financial statements for the year ending 30 June 2014.

Impact of adopting new accounting standards

The adoption of IFRS 10 and 11 did not have a significant impact on the statement of changes in equity, the statement of comprehensive income, earnings
per share and diluted earnings per share for the years ended 30 June 2013 and 30 June 2012. The reportable segments have been restated to reflect the
adoption of the new accounting standards.

The impact of adopting IFRS 10 and IFRS 11 on the comparative financial statements is set out in the tables below:

Adjustments to the consolidated statements of financial position
Summarised consolidated statement of financial position at 30 June 2013

previously

reported

Effect of

adopting

IFRS 10 and

IFRS 11

Restated

ASSETS
Property, plant and equipment

108 070

(7 081)

100 989

Assets under construction

41 244

(1 379)

39 865

Investments in equity accounted joint ventures

8 636

Investments in associates

2 676

2 688

Other non-current assets(1)

7 903

7 925

Non-current assets

159 893

210

160 103

Inventories

24 056

(1 437)

22 619

Trade and other receivables(2)

29 003

(663)

28 340

Cash and restricted cash

32 713

(1 410)

31 303

Other current assets(3)

3 830

(30)

3 800

Current assets

89 602

(3 540)

86 062

Total assets

249 495

(3 330)

246 165

EQUITY AND LIABILITIES
Shareholders’ equity

149 625

(42)

149 583

Non-controlling interests

3 650

(340)

3 310

Total equity

153 275

(382)

152 893

Long-term debt

22 357

(1 017)

21 340

Long-term provisions

12 397

(169)

12 228

Other non-current liabilities(4)

25 341

(631)

24 710

Non-current liabilities

60 095

(1 817)

58 278

Trade payables and accrued expenses

21 199

(237)

20 962

Short-term debt

1 701

(136)

1 565

Other current liabilities(5)

13 225

(758)

12 467

Current liabilities

36 125

(1 131)

34 994

Total equity and liabilities

249 495

(3 330)

246 165

1 Other non-current assets comprise of goodwill, other intangible assets, investment in securities, post-retirement benefit assets,
long-term receivables and prepaid expenses, long-term financial assets and deferred tax.
2 Trade and other receivables comprise tax receivable, trade receivables and other receivables and prepaid expenses.
3 Other current assets comprise of assets in a disposal group held for sale and short-term financial assets.
4 Other non-current liabilities comprise long-term financial liabilities, post-retirement benefit obligations, long-term deferred
income and deferred tax liabilities.
5 Other current liabilities comprise short-term financial liabilities, short-term provisions, short-term deferred income, tax payable,
other payables and bank overdraft.

Summarised consolidated statement of financial position at 30 June 2012

previously

reported

Effect of

adopting

IFRS 10 and

IFRS 11

Restated

ASSETS
Property, plant and equipment

95 872

(10 658)

85 214

Assets under construction

33 585

(473)

33 112

Investments in equity accounted joint ventures

9 588

Investments in associates

2 560

2 571

Other non-current assets(1)

6 265

(337)

5 928

Non-current assets

138 282

(1 869)

136 413

Inventories

20 668

(1 748)

18 920

Trade and other receivables(2)

26 299

(656)

25 643

Cash and restricted cash

18 060

(1 897)

16 163

Other current assets(3)

444

Current assets

65 471

(4 301)

61 170

Total assets

203 753

(6 170)

197 583

EQUITY AND LIABILITIES
Shareholders’ equity

125 234

(38)

125 196

Non-controlling interests

3 080

(334)

2 746

Total equity

128 314

(372)

127 942

Long-term debt

12 828

(1 239)

11 589

Long-term provisions

10 518

(234)

10 284

Other non-current liabilities(4)

21 204

(859)

20 345

Non-current liabilities

44 550

(2 332)

42 218

Trade payables and accrued expenses

17 559

(336)

17 223

Short-term debt

3 072

(1 855)

1 217

Other current liabilities(5)

10 258

(1 275)

8 983

Current liabilities

30 889

(3 466)

27 423

Total equity and liabilities

203 753

(6 170)

197 583

Adjustments to the consolidated income statements
Summarised consolidated income statement for the year ended 30 June 2013

previously

reported

Effect of

adopting

IFRS 10 and

IFRS 11

Restated

Turnover

181 269

(11 378)

169 891

Materials, energy and consumables used

(77 538)

921

(76 617)

Selling and distribution costs

(5 371)

269

(5 102)

Maintenance expenditure

(7 544)

301

(7 243)

Employee related expenditure

(23 476)

999

(22 477)

Exploration expenditure and feasibility costs

(1 354)

(15)

(1 369)

Depreciation and amortisation

(12 030)

909

(11 121)

Other expenses, net

(6 841)

2 607

(4 234)

Translation gains

899

1 993

2 892

Other operating expenses

(9 692)

803

(8 889)

Other operating income

1 952

(189)

1 763

Operating profit before remeasurement items

47 115

(5 387)

41 728

Remeasurement items

(6 487)

3 538

(2 949)

Operating profit after remeasurement items

40 628

(1 849)

38 779

Share of profits of equity accounted joint ventures, net of tax

1 562

Share of profits of associates, net of tax

445

504

Profit from operations, associates and joint ventures

41 073

(228)

40 845

Net finance costs

(1 294)

155

(1 139)

Profit before tax

39 779

(73)

39 706

Taxation

(12 597)

(12 595)

Profit for year

27 182

(71)

27 111

Attributable to
Owners of Sasol Limited

26 278

(4)

26 274

Non-controlling interests in subsidiaries

904

(67)

837

27 182

(71)

27 111

Summarised consolidated income statement for the year ended 30 June 2012

previously

reported

Effect of

adopting

IFRS 10 and

IFRS 11

Restated

Turnover

169 446

(10 332)

159 114

Materials, energy and consumables used

(80 410)

1 699

(78 711)

Selling and distribution costs

(4 621)

435

(4 186)

Maintenance expenditure

(7 421)

274

(7 147)

Employee related expenditure

(19 465)

857

(18 608)

Exploration expenditure and feasibility costs

(1 045)

(1 043)

Depreciation and amortisation

(9 651)

809

(8 842)

Other expenses, net

(8 215)

1 164

(7 051)

Translation gains

243

496

739

Other operating expenses

(9 874)

683

(9 191)

Other operating income

1 416

(15)

1 401

Operating profit before remeasurement items

38 618

(5 092)

33 526

Remeasurement items

(1 860)

(1 777)

Operating profit after remeasurement items

36 758

(5 009)

31 749

Share of profits of equity accounted joint ventures, net of tax

4 545

Share of profits of associates, net of tax

479

(63)

416

Profit from operations, associates and joint ventures

37 237

(527)

36 710

Net finance costs

(1 234)

227

(1 007)

Profit before tax

36 003

(300)

35 703

Taxation

(11 746)

245

(11 501)

Profit for year

24 257

(55)

24 202

Attributable to
Owners of Sasol Limited

23 583

(3)

23 580

Non-controlling interests in subsidiaries

674

(52)

622

24 257

(55)

24 202

Adjustments to the consolidated cash flow statement
Summarised consolidated statement of cash flows for the year ended 30 June 2013

previously

reported

Effect of

adopting

IFRS 10 and

IFRS 11

Restated

Cash generated by operating activities

59 267

(7 361)

51 906

Net finance income

415

5 125

5 540

Tax paid

(10 448)

(10 367)

Dividends paid

(10 787)

Cash retained from operating activities

38 447

(2 155)

36 292

Additions to non-current assets

(32 288)

1 874

(30 414)

Acquisition of new or additional interests in joint ventures

(730)

(415)

(1 145)

Acquisition of new or additional investments in associates

(200)

Other net cash flows from investing activities

1 169

(243)

926

Cash used in investing activities

(32 049)

1 216

(30 833)

Share capital issued on implementation of share options

727

Contributions from non-controlling shareholders in subsidiaries

Dividends paid to non-controlling shareholders in subsidiaries

(358)

(297)

Net movement in long-term debt

8 128

(294)

7 834

Net movement in short-term debt

215

Cash generated by financing activities

8 749

(233)

8 516

Translation effects on cash and cash equivalents of foreign operations

1 267

(684)

583

Increase in cash and cash equivalents

16 414

(1 856)

14 558

Cash and cash equivalents at beginning of year

17 838

(1 841)

15 997

Net reclassification to held for sale

(2 286)

2 286

Cash and cash equivalents at end of year

31 966

(1 411)

30 555

Summarised consolidated statement of cash flows for the year ended 30 June 2012

previously

reported

Effect of

adopting IFRS

10 and
IFRS 11

Restated

Cash generated by operating activities

47 901

(7 040)

40 861

Net finance income

483

5 609

6 092

Tax paid

(10 760)

148

(10 612)

Dividends paid

(9 600)

Cash retained from operating activities

28 024

(1 283)

26 741

Additions to non-current assets

(29 160)

621

(28 539)

Acquisition of new or additional interests in joint ventures

(24)

(400)

(424)

Acquisition of new or additional investments in associates

(81)

Other net cash flows from investing activities

1 649

872

2 521

Cash used in investing activities

(27 616)

1 093

(26 523)

Share capital issued on implementation of share options

325

Contributions from non-controlling shareholders in subsidiaries

Dividends paid to non-controlling shareholders in subsidiaries

(394)

(330)

Net movement in long-term debt

(859)

(329)

(1 188)

Net movement in short-term debt

(112)

(39)

Cash used in financing activities

(1 029)

(192)

(1 221)

Translation effects on cash and cash equivalents of foreign operations

649

(73)

576

Increase/(decrease) in cash and cash equivalents

(455)

(427)

Cash and cash equivalents at beginning of year

17 810

(1 386)

16 424

Cash and cash equivalents at end of year

17 838

(1 841)

15 997

Related party transactions

The group, in the ordinary course of business, entered into various sale and purchase transactions on an arm’s length basis at market rates with related
parties.

Significant changes in contingent liabilities since 30 June 2013

As a result of the fine imposed on Sasol Wax GmbH on 1 October 2008 Sasol lodged an appeal with the European Union’s General Court against the decision
of the European Commission. On 11 July 2014, the European Union’s General Court reduced the fine by an amount of EUR168,2 million to EUR150 million. The
European Commission has the right to appeal the decision. The effect of the reduced fine has been accounted for in the income statement for the period
ending 30 June 2014.

As previously disclosed the Commission has been investigating the South African Polymers industry. On 5 June 2014, the Tribunal imposed an administrative
penalty of R534 million. On 27 June 2014, we filed an appeal against the decision of the Competition Tribunal with the South African Competition Appeal
Court. Sasol Polymers has recognised a provision for the fine of R534 million at 30 June 2014. The outcome of the appeal process cannot be predicted.

Independent audit by the auditors

These preliminary summarised consolidated ﬁnancial statements, including the segment report for the year ended 30 June 2014, have been audited by
PricewaterhouseCoopers Inc., who expressed an unmodiﬁed opinion thereon. The individual auditor assigned to perform the audit is Mr PC Hough. The
auditor also expressed an unmodiﬁed opinion on the annual ﬁnancial statements from which these preliminary summarised consolidated ﬁnancial
statements were derived. A copy of the auditor's report on the preliminary summarised consolidated ﬁnancial statements and of the auditor's report on the
annual consolidated ﬁnancial statements are available for inspection at the company's registered ofﬁce, together with the ﬁnancial statements identiﬁed in
the respective auditor's reports. The auditor's report does not necessarily report on all of the information contained in this announcement of ﬁnancial
results. Shareholders are therefore advised that in order to obtain a full understanding of the nature of the auditor's engagement they should obtain a copy
of the auditor's report together with the accompanying preliminary summarised consolidated ﬁnancial statements from the company's registered ofﬁce.

Registered ofﬁce: Sasol Limited, 1 Sturdee Avenue, Rosebank, Johannesburg 2196
PO Box 5486, Johannesburg 2000, South Africa

Share registrars: Computershare Investor Services Proprietary Limited, 70 Marshall Street, Johannesburg 2001
PO Box 61051, Marshalltown 2107, South Africa, Tel: +27 11 370-7700 Fax: +27 11 370-5271/2

JSE sponsor: Deutsche Securities (SA) Proprietary Limited

Directors (non-executive): Dr MSV Gantsho* (Chairman), Mr C Beggs*, Mr HG Dijkgraaf (Dutch)*, Ms IN Mkhize*, Mr ZM Mkhize*, Mr MJN Njeke*,
Mr B Nqwababa*, Mr PJ Robertson (British and American)*, Prof JE Schrempp (German)^, Mr S Westwell (British)*
(executive): Mr DE Constable (President and Chief Executive Ofﬁcer) (Canadian), Mr P Victor (Acting Chief Financial Ofﬁcer), Ms VN Fakude
*Independent ^Lead independent director

Company secretary: Mr VD Kahla

Company registration number: 1979/003231/06, incorporated in the Republic of South Africa

Income tax reference number: 9520/018/60/8

JSE
Sasol Ordinary shares:
Share code: SOL
ISIN: ZAE000006896

NYSE
Sasol Ordinary shares:
Share code: SSL
ISIN: US8038663006

Sasol BEE Ordinary shares
Share code: SOLBE1
ISIN: ZAE000151817

American depositary receipts (ADR) program:
Cusip number 803866300
ADR to ordinary share 1:1

Depositary: The Bank of New York Mellon, 22nd ﬂoor, 101 Barclay Street, New York, NY 10286, USA

Disclaimer - 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.

Please note: A billion is deﬁned as one thousand million. All references to years refer to the ﬁnancial year ended 30 June. Any reference to a calendar year is
prefaced by the word "calendar".

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited, has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 8, 2014

By: /s/

Kahla

Name: Vuyo Dominic Kahla
Title: Company Secretary