SASOL HOSTS CAPITAL MARKETS DAY AND THE SASOL LIMITED BOARD APPROVES A CHANGE IN DIVIDEND POLICY

Rhea-AI Summary

Sasol Limited (SSL) announced two key updates on May 20, 2025. First, the company is hosting a Capital Markets Day to present its strategic plans focused on strengthening its foundation and positioning for growth. The strategy encompasses restoring the Southern Africa value chain, resetting International Chemicals business, pursuing growth and transformation, and advancing emissions reduction commitments.

Additionally, the Board approved a significant change to its dividend policy, adjusting the dividend trigger threshold from US$4 billion to a more conservative US$3 billion in sustainable net debt (excluding leases). This revision aims to better align with market volatility and maintain a resilient balance sheet.

Positive

• Board's commitment to maintaining a resilient balance sheet
• Strategic focus on strengthening foundation business and positioning for growth
• Clear emissions reduction commitments through dedicated roadmap

Negative

• More stringent dividend policy with higher debt threshold requirement
• Increased difficulty in achieving dividend payments due to stricter criteria

News Market Reaction

+7.80%

1 alert

+7.80% News Effect

On the day this news was published, SSL gained 7.80%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Capital markets day

JOHANNESBURG, May 20, 2025 /PRNewswire/ -- Sasol Limited is hosting a Capital Markets Day today, 20 May 2025, to provide an update on its strategy aimed at strengthening the foundation business and positioning the Group for growth and transformation.

The update on the strategy focuses on plans to:

• Restore the Southern Africa value chain;
• Reset the International Chemicals business;
• Grow and Transform the business; and
• Progress the emissions reduction commitments aligned to Sasol's Emissions Reduction Roadmap (ERR).

These plans are underpinned by a robust financial framework aimed at delivering value, reducing debt, and restoring shareholder returns.

The live webcast presentation will commence at 10:00 SAST. To access the webcast, please register using the following link: https://evolve.eventoptions.co.za/register/sasolcmdvirtual/single

Presentation materials will be available on Sasol's website at https://www.sasol.com/index.php/investor-centre/capital-markets-day

A recording of the webcast will be made available online following the event.

Change in dividend policy

Shareholders are advised that the Sasol Limited Board of Directors ("the Board") has approved a revision to the Company's dividend policy.

Previously, Sasol's dividend policy included a dividend trigger based on achieving a sustainable net debt below US$4 billion (excluding leases). The Board has approved the adjustment to the dividend trigger to a threshold of net debt sustainably below US$3 billion (excluding leases).

All other elements of the dividend policy remain unchanged.

This revised policy is considered a prudent step, better aligned with the prevailing volatility in the macro-economic environment and Sasol's commitment to maintaining a resilient balance sheet and ensuring sustainable future shareholder returns.

For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, VP Investor Relations
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com

View original content:https://www.prnewswire.com/news-releases/sasol-hosts-capital-markets-day-and-the-sasol-limited-board-approves-a-change-in-dividend-policy-302460418.html

SOURCE Sasol Limited

FAQ

What is the new dividend policy threshold for Sasol (SSL)?

Sasol's new dividend policy requires sustainable net debt below US$3 billion (excluding leases), changed from the previous US$4 billion threshold.

What are the main focus areas of Sasol's 2025 strategic update?

Sasol's strategy focuses on restoring Southern Africa value chain, resetting International Chemicals business, growing and transforming the business, and progressing emissions reduction commitments.

Why did Sasol change its dividend policy in May 2025?

Sasol revised its dividend policy to better align with macro-economic volatility and maintain a resilient balance sheet while ensuring sustainable future shareholder returns.

What remains unchanged in Sasol's dividend policy after May 2025?

All other elements of Sasol's dividend policy remain unchanged, with only the net debt threshold being adjusted from US$4 billion to US$3 billion.