SASOL LIMITED - Sasol And Transnet Settle Legal Disputes

Sasol And Transnet Settle Legal Disputes

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:         JSE: SOL               NYSE: SSL
Sasol Ordinary ISIN codes:           ZAE000006896          US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(Sasol, the Company, Equity issuer)

 Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)


SASOL AND TRANSNET SETTLE LEGAL DISPUTES

On 20 June 2024, Sasol announced that the High Court of South Africa handed down
judgment on 18 June 2024 in favour of Sasol Oil (Pty) Ltd (Sasol Oil) and TotalEnergies
Marketing South Africa (Pty) Ltd against Transnet SOC Limited (Transnet). In terms of that
judgment, Transnet was ordered to make payment to Sasol Oil of the amount of R3.9 billion
plus interest.

Transnet has sought leave to appeal that judgment to the Supreme Court of Appeal (SCA).
The application for leave to appeal is currently the subject of a reconsideration application
before the SCA. The effect of this reconsideration application is that the High Court
judgment order, and thus the associated payment by Transnet, remains suspended.

In August 2024, the High Court heard an action instituted by Transnet against Sasol Oil to
recover an amount of R855 million (exclusive of VAT plus interest) from Sasol Oil.
Judgment in this matter is still pending.

On 18 May 2025, Sasol Oil and Transnet signed an agreement to settle their respective
disputes, which became effective on 23 May 2025 having met all suspensive conditions. In
terms of this settlement, Transnet will make a net payment to Sasol Oil of R4.3 billion
(exclusive of VAT) on or before 30 June 2025 in full and final settlement of all these
disputes.


23 May 2025
Sandton

Equity Sponsor: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities

Debt sponsor: Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 23-05-2025 05:00:00
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