GAS

MONETISATION

Providing the basis for

a strong and

sustainable economy

Elfranco van Loggerenberg

Sasol Senior Vice President:

Business Development &

Portfolio Management

A new era for Sasol 2

Disclaimer: forward-looking statements

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 29 September 2014 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.

A new era for Sasol 3

We are a global company with African roots

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.

Central Processing Facility, Mozambique

A new era for Sasol 4

Ten years ago, through strong in-country partnerships, we pioneered gas monetisation in Southern Africa

Developed stranded gas

fields in Mozambique

through collaborative

partnerships

Together with our Mozambique partners,

Sasol contributed to the creation of a

favourable and safe investment

climate and the establishment of the

Exploration and Production sector in the

country

Gas development with our partners has been a catalyst for

socio-economic growth through:

• Revenue generated from equity investment in the natural gas

project

• Tax revenue (one of the largest tax payers in Mozambique)

• Capital investments and spin-offs from secondary industries

A new era for Sasol 5

Strategic partnerships are key to creating a successful business

Central Térmica Ressano Garcia

(CTRG): joint venture for power

generation at Ressano Garcia:

Electricidade de Moçambique (EDM)

(51%) & Sasol (49%)

Empresa Nacional de

Hidrocarbonetos (ENH) signed an agreement for a

natural gas reticulation

project

Partners in the Central

Processing Facility (CPF) Sasol 70% (Operator),

Moçambicana de

Hidrocarbonetos S.A. (CMH)

25%, International Finance

Corporation (IFC) 5%

PeSS - joint venture between

Sasol (49%) & Petromoc (51%) PeSS supplies liquid fuel and

lubricant products to the mining,

road haulage, construction and

agricultural segments throughout

Mozambique

Equity in pipeline

company (ROMPCO) Sasol 50% (Operator),

Companhia Moçambicana

de Gasoduto (CMG)

(25%), iGAS (25%)

A new era for Sasol 6

Sasol provided an anchor offtake to facilitate the development of gas fields in Mozambique

Natu

ral ga

s

fie

lds

Sasol Secunda

Sasol Sasolburg

3rd parties Central Térmica

Ressano Garcia

175 MW

3rd parties

*43% of expansion capacity (27 MGJ/a) allocated to Mozambican commercial markets

*14% of expansion capacity allocated to royalty gas markets, i.e. 9MGJ/a

**43% of expansion capacity (27MGJ/a) allocated to markets in South Africa

South Africa Mozambique

Rompco Pipeline

Central Processing

Facility*

Pande

Ressano Garcia

2012:

183 MGJ/a*

2012:

4 MGJ/a

**Sasol

Temane

>300% Growth

consumption Royalty gas to

ENH: Vilanculos

Royalty gas

ENH Maputo

Reticulation

2004:

120 MGJ/a

2004:

<1MGJ/a

A new era for Sasol 7

Continuing to grow our existing operations

Investing in growing capacity beyond

our 183 MGJ/a current capacity

Looking for opportunities for additional

production from our existing producing

licence

Low and high pressure compression,

and electrical expansion projects

aimed at enhancing reservoir

deliverability

Additional capacity through

debottlenecking and expansion of the

Central Processing Facility (CPF)

will take us to 240 MGJ/a

Central Processing Facility, Mozambique

A new era for Sasol 8

ROMPCO – an example of a successful cross border public private partnership

Central Processing Facility, Mozambique

Over US$200 million

investment to increase

pipeline capacity to

support market

development in

Mozambique

and South Africa

US$140 million pipeline

completed in 2010

A new era for Sasol 9

Ongoing investment has enabled growth in both Mozambican and South African gas markets

ROYALTY GAS

To date, gas taken in kind

has grown by 33%

(compound annual growth

rate) driven by significant

growth in the Mozambique

market

• First permanent gas-to-

power plant in

Mozambique

• Joint venture with

Electricidade de

Moçambique (EDM)

(51%) and Sasol (49%)

• Meeting 23% of in-

country demand

• 175 MW capacity

Enabling energy security, reducing GHG emissions

1.3

1.4

1.8

2.9

3.2

3.4

3.8

3.5

3.8

3.5

3.4

3.5

3.6

2.4

2.1

2.9

2.6

3.9

4.5

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

FY14

GJ (millions) Natural gas in kind Natural gas in cash

5% gas royalty entitlement analysis - GJ

Central

Térmica

Ressano

Garcia

(CTRG)

Gas Engine

Power Plant

Sasolburg

Gas Engine

Power Plant

• First permanent

gas-to-power plant in

South Africa

• 175 MW capacity

A new era for Sasol 10

The Rovuma discoveries hold significant promise for Mozambique and the East and Southern African region.

Mozambique has raised projections for the amount of natural

gas contained in the Rovuma Basin from 170 - 200 tcf

Natural gas discoveries in Mozambique are some of the

largest finds in the world in the past five years, comprising

40% of new gas discoveries in 2012

9 tcf could result in 100 000

bbls/day of GTL products, of

which 75 000 bbl/day could

be diesel which has the

potential to displace all imports*

and create export opportunities

in the region

9,5 tcf of this gas could result in

the generation of approximately

6,3 GW** of electricity in a region

that requires electricity generation

capacity

*Source Ministry of Energy : 900 000 kilo litres of diesel was consumed in 2012 (~16 000 bbls/day ) an estimate based on information from an industrial insider - EUROSIS data

**The 2010 version of the South African Integrated Resource Plan indicates a total of 6,3 GW of new capacity to be generated from natural gas by 2030

A new era for Sasol 11

Enhancing the benefits of in-country monetisation

Sasol is an ideal partner for this because:

• We are an African-based company confident

about the future of our continent

• We have been successful at working with

national companies and governments to realise

their key strategic drivers

• We have an established presence in Southern

Africa regional markets that can easily be

extended into the rest of Africa

• We have competitive proprietary gas

monetisation technologies which we have

successfully implemented in other countries

LNG opens up export opportunities, but in-country

monetisation is also needed to enable socio-

economic development – expectations are that this

will happen in parallel

Inhassoro, Mozambique

A new era for Sasol 12

We have proven, global expertise in gas monetisation

Uzbekistan GTL

~38,000 bbl/d

FEED phase

Escravos GTL

~33,200 bbl/d

Ramping up to full

capacity

Lake Charles GTL

~96,000 bbl/d

FEED phase

Canada GTL

~48,000 bbl/d

Feasibility phase

Mozambique: Conducting

a pre-feasibility study with

ENH and Eni for a GTL

plant using gas from the

Rovuma basin

ORYX GTL

~32,400 bbl/d

Consistently operating

above design capacity

since 2007

Secunda

CTL ~160 000 bbl/d

Gas turbines generating

electricity at ~200 MW.

Sasolburg

Chemical production using gas and

Gas Engine Power plant 175 MW

Central Térmica Ressano

Garcia Gas Engine power

plant 175 MW

A new era for Sasol 13

Committed to further development in Mozambique

• An Extended Well Test was

conducted on the Inhassoro oil

rim – produced over 236 000

bbls of light oil as part of the

appraisal programme

• Notice of commerciality declared

in early 2013 for both natural gas

and oil

The PSA licence is adjacent to

the current producing PPA area:

• Separated from the initial

commercial discoveries to enable

initial development of the 120

MGJ/a project

• Field development plan in progress

– on track for submission in

February 2015

Subject to approval by authorities, the PSA provides

significant value adding opportunities:

• Diversification of Mozambique’s energy portfolio and

advancement of in-country monetisation options

• Enablement of extensive skills development and local

content opportunities !

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35°30'0"E

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! ! ! Pipelines

Roads

Towns_CPF

PSA

PPA

0 10 20 30 40 505

Kilometers

N

Inhassoro

Vilanculos

CPF

Pande G-10

Temane G-8

Temane East

Inhassoro G-6

Temane Main

G-6 Oil Rim

Inhassoro G-10

Inhassoro G-10

Tafula

Corvo

Pande Main

A new era for Sasol 14

And ongoing exploration

Grudja G-6

• Area A: entered Second Licence

Period to drill Grudja amplitude

supported anomaly in a

relatively unexplored part of the

Mozambique basin

• Concluding a farm out of 40%

interest

• Looking at upcoming bid

round blocks with interest

A new era for Sasol 15

Facilitating shared value in Mozambique

• Targeted skills development of Mozambican nationals to

sustain the oil and gas industry at various levels

• Advance the bursary and learnership programme as

well as university collaboration

• Local content policy stipulates local ownership, but also

local employment and purchase of local materials

• Preferential procurement giving preference to

Mozambican businesses wherever possible without

compromising on safety and quality standards

• Dedicated focus on driving localisation and allocation of

Mozambican nationals to various levels

• Central Processing Facility is led by a Mozambican

national and the maintenance department is being run

by 100% Mozambicans

• To enhance our employee value proposition, we are

currently building a housing village in Vilanculos to

accommodate CPF employees and their families Clara José, student at Mabote

Technical and Vocational

School, Mozambique

A new era for Sasol 16

Diversifying energy sources

Sasol and its partners are

developing a 20 000 tpa LPG

facility which will:

• Improve balance of payments

• Reduce LPG imports

• Stimulate growth amongst distributors

and retailers

• LPG is a portable, clean and efficient

energy source

• Enable accessibility and affordability to

communities

• Reduce pressure on forests – charcoal

currently a primary energy source

Enabling access to cleaner energy

Gas reticulation systems

• Sasol partnered with ENH on

installation of gas reticulation systems

in Vilanculos, Inhassoro & Govuro in

Inhambane province

• Advancing the use of gas as a source

of household electricity

• Over 300 families have benefited over

the last three years

Household using natural gas for cooking

A new era for Sasol 17

Looking ahead to the next decade

● Build local skills and

supplier capacity

● Pursue sustainable

relations with community

stakeholders

● Continue to align our

activities with government

drivers, e.g. education,

health, energy security

and food security

Commitment to community

development Operations

● Pursue exploration

activities

● Optimise current assets

● Explore additional

opportunities to monetise

natural gas in

Mozambique

● Explore for partnership

opportunities to leverage

Sasol’s gas monetisation

technology

CTRG gas to power

plant, Mozambique

Partner for success