JOHANNESBURG, South Africa, Oct. 3 /PRNewswire-FirstCall/ -- This week, the European Union found that members of the European paraffin wax industry, including Sasol Wax GmbH, formed a cartel and violated competition law. "We regret that this has occurred in one of Sasol's subsidiaries and that our due diligence and compliance programmes failed to identify this anti-competitive behaviour, when we acquired the business 13 years ago and thereafter," said Sasol chief executive, Pat Davies. "Sasol is a successful business that is built on a foundation of over 30,000 committed and responsible employees. The past actions of but a few former employees has resulted in serious damage to our company's reputation and that affects each one of us," he said. Sasol's management, including the Sasol directors of the Schumann-Sasol joint venture, was totally unaware of these activities. When we became aware of them in 2005, they were immediately stopped and Sasol promptly began cooperating with the European Commission's (EC) investigation. These cartel activities were clearly reprehensible and constituted a flagrant breach of Sasol's policies and values. By their very nature, these activities are secretive and very difficult to detect. While a fine was expected, we didn't anticipate the magnitude of the fine, particularly in the light of, amongst other factors, not being the legacy owner. We do not yet have the detailed reasoning from the EC and will study it, as soon as it is supplied, to clarify our next steps. As we see things now, it is our intention to appeal. Sasol wishes to assure our shareholders and the broader public of the serious light in which matters of this nature are viewed. We have rigorous compliance programmes relating to competition law. Clearly this is an area in which we must continuously improve as our business becomes more complex and competition laws around the world become more stringent. We have recently further intensified our compliance programmes with a particular focus on high risk areas such as joint ventures. "We are on a journey of transforming the organisation and our values are central to this journey. These values define the manner in which we choose to conduct our business. The activities that led to this fine are completely counter to the way we are transforming this organisation. We wish to assure our employees, shareholders and our customers that there is no place at Sasol for illegal activities and we will vigorously root out any impropriety," Davies said. Sasol Investor Relations team Tel.: +27 11 441 3113 / 3563 / 3321 About Sasol: Sasol is an integrated oil and gas company with substantial chemical interests. Based in South Africa and operating worldwide, Sasol is listed on the NYSE and JSE stock exchanges. We are the leading provider of liquid fuels in South Africa and a major international producer of chemicals. Sasol uses proprietary Fischer-Tropsch technologies for the commercial production of synthetic fuels and chemicals from low-grade coal and natural gas. We manufacture more than 200 fuel and chemical products that are sold worldwide. In South Africa we also operate coal mines to provide feedstock for our synthetic fuels plants. Sasol operates the only inland crude oil refinery in South Africa. The group produces crude oil in offshore Gabon, supplies Mozambican natural gas to end-user customers and petrochemical plants in South Africa, and with partners involved in gas-to-liquids fuel joint ventures in Qatar and Nigeria. Internet address: http://www.sasol.com/ Disclaimer - 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 such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavor" 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 predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may be very different from those anticipated. The factors that could cause our actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements are discussed more fully in our registration statement under the Securities Exchange Act of 1934 on Form 20-F filed on November 21, 2007 and in other filings with the United States Securities and Exchange Commission. 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. DATASOURCE: Sasol CONTACT: Sasol Investor Relations team, +27-11-441-3113, +27-11-441-3563, +27-11-441-3321, or Web Site: http://www.sasol.com/

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