Information Booklet 1 Sasol Khanyisa 2018
CONTENTS 5 WELCOME 6 UNDERSTANDING SHARES 8 YOUR INVESTMENT 11 HOW DO YOU TRADE YOUR SOLBE1 SHARES? 13 15 WHAT HAPPENS IF YOU DIE? MANAGING YOUR INVESTMENT Sasol Khanyisa 2018 2 This information booklet will assist you in managing your Sasol BEE Ordinary (SOLBE1) and Sasol South Africa Khanyisa Ordinary shares. 3 Sasol Khanyisa 2018
WELCOME TO WELCOME Dear Shareholder Welcome to Sasol Khanyisa. You are the owner of Sasol Khanyisa Ordinary shares and Sasol BEE Ordinary (SOLBE1) shares. Sasol Khanyisa is a Broad-Based Black Economic Empowerment ownership structure with approximately 230 000 shareholders owning shares in Sasol South Africa (SSA) contributing towards the 25% direct and indirect B-BBEE ownership in SSA. In designing Sasol Khanyisa, we have reviewed many of the larger B-BBEE transactions in South Africa, and have designed Sasol Khanyisa to incorporate what we consider to be the most appropriate scheme with the best features. The most notable characteristic of Sasol Khanyisa is that your Khanyisa share ownership will ultimately be in SSA, which is a subsidiary of Sasol Limited. SSA is Sasol s largest operating company and houses our synthetic fuels, chemicals and gas operations, which are currently strong, cash generative assets. This information booklet will assist you in managing your Sasol Khanyisa investment, and answer some common questions. Sasol Khanyisa 2018 4 5 Sasol Khanyisa 2018
UNDERSTANDING SHARES SHARE TYPES A share is a unit of ownership in a company As a shareholder in a company, you can earn an income from your shares in the form of dividends. are bought and sold on the JSE The Johannesburg Stock Exchange (JSE) is the oldest existing and largest stock exchange in Africa. Sasol shares are traded here. See opposite page for more information on Sasol shares. DID YOU KNOW? Sasol Khanyisa 2018 6 Most daily newspapers and weekly magazines as well as a number of internet sites quote JSE share prices. To find out the latest on Sasol BEE Ordinary share price visit www.sasol.com Company Sasol BEE Ordinary shares and Sasol Khanyisa Ordinary shares Share prices move up and down daily and the price is determined by many internal and external factors If the supply of a share exceeds demand (there are lots of shares available) the price will tend to decrease. If the supply of a share is lower than the demand (lots of people want to buy shares but there are not a lot of shares available) the price of the share will tend to increase. Share prices can also be affected by many internal and external factors: Company news and performance Industry performance Investor sentiment Economic factors Short-term trends Below is an illustration of how a share price moves: Price Geopolitical Risks Demand Supply Market Fluctuations 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Sasol has three types of shares: Where do they trade? Who can trade these shares What price do they trade at? Do they earn dividends? *As defined by the Department of Trade and Industry s (DTI) B-BBEE Codes ORDINARY (SOL) SHARES Trades on the JSE Bought or traded by anyone Traded at a higher marketdetermined price because there are more buyers in the market and larger volumes traded BEE ORDINARY (SOLBE1) SHARES 1 2 3 Trades on the empowerment segment of the JSE Bought or traded among *Black South Africans only Traded at a lower market price because there are currently fewer buyers in the market and smaller volumes traded Yes Same declared dividends on SOLBE1 share as SOL shares. There is no guarantee that dividends will be declared PLEASE NOTE! Your bonus shares that you received on 1 June 2018 are SOLBE1 shares. You can trade these from 1 June 2018 ORDINARY SHARES Does not trade Shareholders will not be able to sell, transfer or encumber these shares during the life of the Sasol Khanyisa transaction Only available to Black* South Africans who previously participated in Sasol Inzalo and elected to retain their SOLBE1 shares and accept the free share allocation Sasol Khanyisa Ordinary shares are not publicly traded. If dividends are declared by SSA you will receive your share of such dividends on your Sasol Khanyisa shares If dividends are declared by SSA, you will receive your share of such dividends. There is no guarantee that dividends will be declared Your Sasol Khanyisa Ordinary shares have ultimate ownership in SSA and will be exchanged for SOLBE1 shares in June 2028 or earlier if the funding is repaid earlier 7 Sasol Khanyisa 2018
YOUR INVESTMENT Your Sasol Khanyisa share ownership is indirectly in SSA, a subsidiary of Sasol Limited SSA houses our South African Operations (Synfuels, Chemicals and Gas businesses). SSA will have its own Board and governance framework. A fair value of SSA will be independently calculated annually through a valuation process. PUBLIC Current SOLBE1 ~3.2% LIMITED SOUTH AFRICA EMPLOYEE SHARE OWNERSHIP PLAN (ESOP) ~9.2% Phase 1: SOL or SOLBE1 (3 years) SSA Khanyisa (10 years) ~9.2% Phase 2: SSA Khanyisa (10 years) Secunda Synfuels Operations Secunda Chemicals Operations Sasolburg Operations SA Base and Performance Chemicals Sasol Technology Sasol Gas As a Sasol Khanyisa shareholder you have the right to: YOUR INVESTMENT Sasol Khanyisa 2018 8 1. Attend the Sasol Khanyisa Public (RF) Limited annual general meetings (AGM) and general meetings (GM); as well as the Sasol Limited AGM, as long as you own SOLBE1 shares. 2. Vote on the following matters at the AGM: To receive and consider the annual financial statements To elect the directors To approve the appointment or re-appointment of the auditors for the following year To approve any matters that require shareholder approval Vote at the AGM on matter(s) for which the AGM was called 3. Appoint a proxy who can attend and vote at an AGM on your behalf if you wish to exercise your votes 9 Sasol Khanyisa 2018
MANAGING YOUR SHARES HOW DO YOU TRADE YOUR SOLBE1 SHARES? If you want to trade your SOLBE1 shares, please do the following: 1. Contact Computershare to place a sell instruction 5. If a buyer is matched with a seller a sale reference will be available 2. A Call Centre agent will verify your account details 3. The Call Centre agent will verify your number of shares and start the sale process 6. Payment is made to the seller via Electronic Funds Transfer (EFT) within five to seven working days 4. Once you confirm the final confirmation of the number of shares you want to trade with the Call Centre agent, the shares are placed on the trading market PLEASE NOTE! If a buyer cannot be found, you will need to retain your shares until such time as a buyer can be found. Sasol Khanyisa 2018 10 11 Sasol Khanyisa 2018
WHAT HAPPENS IF YOU DIE? DECEASED ESTATES If you die, your shares will be transferred to your heirs who must be a Black Person or Black controlled entity as defined in the B-BBEE Codes. In the event of your death, the Executor of your Estate will need to inform Computershare of your death. Computershare will need the following documents: Death certificate Executor appointment letter and ID copy Copy of last Will and Testament, if a Will was made Copy of deceased s ID document PLEASE NOTE! Computershare will require original certified copies of all documents or the original of all documents. This means that you should deliver the documents to Computershare physically. You can do this in person or by courier or registered mail. Sasol Khanyisa 2018 12 13 Sasol Khanyisa 2018
CONTACT DETAILS MANAGING YOUR INVESTMENT If you have any queries regarding your Sasol Khanyisa investment, please contact Computershare Computershare have been appointed by Sasol and Sasol Khanyisa Public (RF) Limited to act as their Transfer Secretaries. Computershare manages all matters relating to your shares and your personal details. Computershare has a dedicated Call Centre with agents who will be able to assist shareholders. Updating your personal details Keeping your personal and contact details updated is important. Sasol can only communicate with you, if we have your latest information. In the event of dividends being distributed, we will need your latest bank account details. If any of your personal details need to be updated, please advise Computershare. Whether face-to-face or via their electronic channels, you can contact Computershare as follows: Via the Call Centre : 0800 000 222 (South African calls) +27(0)11 370 7700 (International calls) Or visit the Computershare walk-in centre: Rosebank Towers 15 Biermann Avenue Rosebank Johannesburg STAYING INFORMED For regular updates about Sasol Khanyisa, visit our website: www.sasolkhanyisa.com Or e-mail: sasolkhanyisa@computershare.co.za Sasol Khanyisa 2018 14 15 Sasol Khanyisa 2018