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Press release from PR Newswire

Sasol Group Executive announces retirement

Tuesday, May 07, 2013

Sasol Group Executive announces retirement

14:27 EDT Tuesday, May 07, 2013

JOHANNESBURG, May 7, 2013 /PRNewswire/ -- Lean Strauss, Sasol Senior Group Executive for International Energy, New Business Development and Technology has announced his intention to retire from Sasol (JSE - SOL; NYSE - SSL), at the end of September 2013.

Lean has been a member of the Group Executive Committee since 2005. He joined Sasol in 1982, as an investment officer of the Sasol Pension Fund. He spent most of his career with Sasol Oil and held the position of General Manager, Manufacturing and Supply as well as General Manager, Marketing. He was appointed General Manager of Sasol Gas in 1997 and Managing Director of Sasol Nitro in 2002.

"Lean has been with Sasol for more than 30 years and has made a remarkable contribution to our company," said Sasol CEO, David Constable. "His exceptional business acumen has played a key role in the development of Sasol, successfully contributing to growing our company and our people."

"My 31 years at Sasol have been my honour and privilege and I am very proud of all we have achieved. My retirement is a lifestyle decision and I am looking forward to spending more time with my family," said Strauss.

"Lean has had a long and illustrious career with Sasol and we are grateful for his dedication. We will be working with him in the coming months to ensure a seamless transition," Constable said.

An announcement regarding the successor to the role will be made in due course.

Sponsor: Deutsche Securities (SA) (Pty) Ltd

Sasol Investor Relations TeamTel.: +27 (0)11 441 3113

Forward-looking statement disclaimer:

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 12 October 2012 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.

 

SOURCE Sasol

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