Business Performance Metrics For The Three Months Ended 30 September 2026

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)

BUSINESS PERFORMANCE METRICS FOR THE THREE MONTHS ENDED 30 SEPTEMBER
2026

Sasol has published its business performance metrics for the three months ended 30 September
2026 on the Company´s website at www.sasol.com, under the Investor Centre section:
https://www.sasol.com/investor-centre/financial-results.

We completed Q1 FY27 building on the progress made in FY26 to strengthen our foundation
business, supported by high pricing across key parts of the portfolio as a result of the ongoing
Middle East (ME) conflict. Our focus has remained on factors within our control including safety,
production efficiency, strict cost management, disciplined capital allocation and advancing
strategic initiatives to build a more resilient and competitive Sasol.

Safety
Safety remains our foremost value. The improved safety performance recorded towards the end
of FY26 continued into Q1 FY27, with no fatalities during the quarter. Sustaining this progress
remains a priority, underpinned by operational discipline, proactive risk management and a
strong safety culture across the business.

Business performance
In Southern Africa, Mining delivered a strong performance in Q1 FY27, reaching its highest
quarterly production in 6 years. Higher own coal production resulted in lower external coal
purchases while sustained improvements in coal quality supported Secunda Operations (SO).
SO production was however lower during the quarter following the completion of the planned
phase shutdown. Natural gas production was broadly in line with the prior quarter and is
expected to improve over the remainder of the year.

Natref production was lower than the previous quarter due to planned and unplanned shutdowns.
All units were restarted, with the exception of the Residual Crude Desulphuriser (RCD) unit due
to a process safety incident. The incident was contained, with restart planned for end-October
2026.
ORYX GTL was also successfully restarted in August 2026, following its shutdown in early March
2026 as a result of the ME conflict, with products successfully redirected to local markets in
response to export constraints.

Liquid fuels sales volumes increased during the quarter, mainly reflecting changes in customer
buying behavior and the planned drawdown of inventory built at the end of FY26, with continued
growth in the mobility and commercial channels in line with our strategic objectives.
Refining margins and product differentials remained supportive for the Fuels business during the
quarter. Chemicals Africa revenue declined in the quarter, reflecting lower sales volumes and
average sales basket price, but remained higher than the prior year.

International Chemicals made a solid start to FY27, supported by favourable market conditions
following the ME conflict, which moderated in this quarter, but remained above prior year levels.
Sales volumes were lower, reflecting normalisation of conflict-related demand, continued
execution of our value-over-volume strategy and portfolio optimisation measures as part of the
reset strategy. This included the closure of the Phenolics business and mothballing of the HF
LAB plant in Augusta.

We continue to proactively manage our risk of exposure to oil price and currency volatility
through our group hedging programme, which provides partial downside protection while
retaining upside participation. The FY27 and FY28 oil hedging programmes are complete, while
USD/ZAR programmes remain in progress.

Business updates
Strengthen our foundation business:

• Sasol concluded a sale agreement with Enaex Africa for its Nitrates business, marking
further progress in optimising the South African portfolio. The transaction remains subject
to regulatory approvals and customary closing conditions. Sasol has a 23% shareholding
in Enaex Africa.
• Sasol continues to operate 100% of the Natref refinery, utilising the available Prax SA
shareholding capacity during the ongoing business rescue process.
• The National Energy Regulator of South Africa (NERSA) approved Sasol’s maximum gas
price application for FY27 and part of FY28, providing greater pricing certainty. A decision
on FY29 and FY30 remains pending, subject to a further competition assessment.

Grow and Transform:
• Natref is expected to commence commercial sustainable aviation fuel (SAF) production in
Q2 FY27, using sustainable bio-feedstocks, supported by the ISCC+ certification
received. Initial production of 1 - 2 million liters per annum will support market
development, including Sasol’s first commercial SAF offtake agreement with White
Desert.
• Through Ampli Energy, Sasol and Discovery Green will support SANParks with more than
7 100 MWh of renewable energy annually, starting with Kruger National Park. The supply
is equivalent to more than 25% of the park’s annual electricity consumption,
demonstrating a practical model to broaden access to renewable energy.
• Following the €60 million final investment decision (FID) announced in FY26, construction
commenced on the new specialty alumina production facility in Brunsbüttel (Germany),
with the official groundbreaking in September 2026. The investment will expand specialty
alumina capacity, with commercial production planned from FY29.

Outlook
We remain on track to deliver within our market guidance ranges across the business.

The operating environment is expected to remain volatile, with improved feedstock supply,
continued operational reliability and agile responses to changing market conditions remaining
key areas of focus.

21 October 2026
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

Disclaimer- Forward-Looking Statements
Sasol may, in this document, make certain statements that are not historical facts, based on
management’s current views and assumptions, and which are conditioned upon and also involve
known and unknown risks and uncertainties that could cause actual results, performance or
events to differ materially from those anticipated by such statements. Should one or more of
these risks materialise, or should underlying assumptions prove incorrect, our actual results may
differ materially from those anticipated. Examples of such forward-looking statements include,
but are not limited to, the capital cost of our projects and the timing of project milestones; our
ability to obtain financing to meet the funding requirements of our capital investment programme,
as well as to fund our ongoing business activities and to pay dividends; statements regarding our
future results of operations and financial condition, and regarding future economic performance
including cost containment, cash conservation programmes and business optimisation initiatives;
our business strategy, performance outlook, plans, objectives or goals; statements regarding
future competition, volume growth and changes in market share in the industries and markets for
our products; our existing or anticipated investments, acquisitions of new businesses or the
disposal of existing businesses, including estimates or projection of internal rates of return and
future profitability; our estimated oil, gas and coal reserves; the probable future outcome of
litigation, legislative, regulatory and fiscal developments, including statements regarding our
ability to comply with future laws and regulations; future fluctuations in refining margins and
crude oil, natural gas and petroleum and chemical product prices; the demand, pricing and
cyclicality of oil, gas and petrochemical products; changes in the fuel and gas pricing
mechanisms in South Africa and their effects on costs and product prices, statements regarding
future fluctuations in exchange and interest rates and changes in credit ratings; assumptions
relating to macroeconomics, including changes in trade policies, tariffs and sanction regimes; the
impact of climate change, our development of sustainability within our businesses, our energy
efficiency improvement, carbon and greenhouse gas emission reduction targets, our net zero
carbon emissions ambition and future low-carbon initiatives, including relating to green hydrogen
and sustainable aviation fuel; our estimated carbon tax liability; cyber security; and statements
of assumptions underlying such statements.
Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”,
“endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify
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. These risks and uncertainties are discussed
more fully in our most recent annual report on Form 20-F filed on 1 September 2026 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 the foregoing factors and other uncertainties and
events, and you should not place undue reliance on forward-looking statements. 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.
Date: 21/10/2026 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

Test

Business Performance Metrics For The Three Months Ended 30 September 2026

Business Performance Metrics For The Three Months Ended 30 September 2026

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)

BUSINESS PERFORMANCE METRICS FOR THE THREE MONTHS ENDED 30 SEPTEMBER
2026

Sasol has published its business performance metrics for the three months ended 30 September
2026 on the Company´s website at www.sasol.com, under the Investor Centre section:
https://www.sasol.com/investor-centre/financial-results.

We completed Q1 FY27 building on the progress made in FY26 to strengthen our foundation
business, supported by high pricing across key parts of the portfolio as a result of the ongoing
Middle East (ME) conflict. Our focus has remained on factors within our control including safety,
production efficiency, strict cost management, disciplined capital allocation and advancing
strategic initiatives to build a more resilient and competitive Sasol.

Safety
Safety remains our foremost value. The improved safety performance recorded towards the end
of FY26 continued into Q1 FY27, with no fatalities during the quarter. Sustaining this progress
remains a priority, underpinned by operational discipline, proactive risk management and a
strong safety culture across the business.

Business performance
In Southern Africa, Mining delivered a strong performance in Q1 FY27, reaching its highest
quarterly production in 6 years. Higher own coal production resulted in lower external coal
purchases while sustained improvements in coal quality supported Secunda Operations (SO).
SO production was however lower during the quarter following the completion of the planned
phase shutdown. Natural gas production was broadly in line with the prior quarter and is
expected to improve over the remainder of the year.

Natref production was lower than the previous quarter due to planned and unplanned shutdowns.
All units were restarted, with the exception of the Residual Crude Desulphuriser (RCD) unit due
to a process safety incident. The incident was contained, with restart planned for end-October
2026.
ORYX GTL was also successfully restarted in August 2026, following its shutdown in early March
2026 as a result of the ME conflict, with products successfully redirected to local markets in
response to export constraints.

Liquid fuels sales volumes increased during the quarter, mainly reflecting changes in customer
buying behavior and the planned drawdown of inventory built at the end of FY26, with continued
growth in the mobility and commercial channels in line with our strategic objectives.
Refining margins and product differentials remained supportive for the Fuels business during the
quarter. Chemicals Africa revenue declined in the quarter, reflecting lower sales volumes and
average sales basket price, but remained higher than the prior year.

International Chemicals made a solid start to FY27, supported by favourable market conditions
following the ME conflict, which moderated in this quarter, but remained above prior year levels.
Sales volumes were lower, reflecting normalisation of conflict-related demand, continued
execution of our value-over-volume strategy and portfolio optimisation measures as part of the
reset strategy. This included the closure of the Phenolics business and mothballing of the HF
LAB plant in Augusta.

We continue to proactively manage our risk of exposure to oil price and currency volatility
through our group hedging programme, which provides partial downside protection while
retaining upside participation. The FY27 and FY28 oil hedging programmes are complete, while
USD/ZAR programmes remain in progress.

Business updates
Strengthen our foundation business:

• Sasol concluded a sale agreement with Enaex Africa for its Nitrates business, marking
further progress in optimising the South African portfolio. The transaction remains subject
to regulatory approvals and customary closing conditions. Sasol has a 23% shareholding
in Enaex Africa.
• Sasol continues to operate 100% of the Natref refinery, utilising the available Prax SA
shareholding capacity during the ongoing business rescue process.
• The National Energy Regulator of South Africa (NERSA) approved Sasol’s maximum gas
price application for FY27 and part of FY28, providing greater pricing certainty. A decision
on FY29 and FY30 remains pending, subject to a further competition assessment.

Grow and Transform:
• Natref is expected to commence commercial sustainable aviation fuel (SAF) production in
Q2 FY27, using sustainable bio-feedstocks, supported by the ISCC+ certification
received. Initial production of 1 - 2 million liters per annum will support market
development, including Sasol’s first commercial SAF offtake agreement with White
Desert.
• Through Ampli Energy, Sasol and Discovery Green will support SANParks with more than
7 100 MWh of renewable energy annually, starting with Kruger National Park. The supply
is equivalent to more than 25% of the park’s annual electricity consumption,
demonstrating a practical model to broaden access to renewable energy.
• Following the €60 million final investment decision (FID) announced in FY26, construction
commenced on the new specialty alumina production facility in Brunsbüttel (Germany),
with the official groundbreaking in September 2026. The investment will expand specialty
alumina capacity, with commercial production planned from FY29.

Outlook
We remain on track to deliver within our market guidance ranges across the business.

The operating environment is expected to remain volatile, with improved feedstock supply,
continued operational reliability and agile responses to changing market conditions remaining
key areas of focus.

21 October 2026
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

Disclaimer- Forward-Looking Statements
Sasol may, in this document, make certain statements that are not historical facts, based on
management’s current views and assumptions, and which are conditioned upon and also involve
known and unknown risks and uncertainties that could cause actual results, performance or
events to differ materially from those anticipated by such statements. Should one or more of
these risks materialise, or should underlying assumptions prove incorrect, our actual results may
differ materially from those anticipated. Examples of such forward-looking statements include,
but are not limited to, the capital cost of our projects and the timing of project milestones; our
ability to obtain financing to meet the funding requirements of our capital investment programme,
as well as to fund our ongoing business activities and to pay dividends; statements regarding our
future results of operations and financial condition, and regarding future economic performance
including cost containment, cash conservation programmes and business optimisation initiatives;
our business strategy, performance outlook, plans, objectives or goals; statements regarding
future competition, volume growth and changes in market share in the industries and markets for
our products; our existing or anticipated investments, acquisitions of new businesses or the
disposal of existing businesses, including estimates or projection of internal rates of return and
future profitability; our estimated oil, gas and coal reserves; the probable future outcome of
litigation, legislative, regulatory and fiscal developments, including statements regarding our
ability to comply with future laws and regulations; future fluctuations in refining margins and
crude oil, natural gas and petroleum and chemical product prices; the demand, pricing and
cyclicality of oil, gas and petrochemical products; changes in the fuel and gas pricing
mechanisms in South Africa and their effects on costs and product prices, statements regarding
future fluctuations in exchange and interest rates and changes in credit ratings; assumptions
relating to macroeconomics, including changes in trade policies, tariffs and sanction regimes; the
impact of climate change, our development of sustainability within our businesses, our energy
efficiency improvement, carbon and greenhouse gas emission reduction targets, our net zero
carbon emissions ambition and future low-carbon initiatives, including relating to green hydrogen
and sustainable aviation fuel; our estimated carbon tax liability; cyber security; and statements
of assumptions underlying such statements.
Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”,
“endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify
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. These risks and uncertainties are discussed
more fully in our most recent annual report on Form 20-F filed on 1 September 2026 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 the foregoing factors and other uncertainties and
events, and you should not place undue reliance on forward-looking statements. 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.
Date: 21/10/2026 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.