Common use of Duties of Trustees Clause in Contracts

Duties of Trustees. 12.1 In addition to any other duty imposed by this Trust Deed (whether expressed or implied), the Trustees shall– 12.1.2 make Offers and Allocations to Participants as envisaged in this Trust Deed, but always subject to the provisions of the Act and the Listings Requirements; 12.1.3 open a CSDP account in the name of the Trust and procure that all Scheme Shares remain nominally registered in the names of the Trustees (in their capacity as such) for the beneficial interest of the relevant Participants for so long as they remain Scheme Shares, whereafter they shall be delivered to the Participants; 12.1.4 not pledge or otherwise encumber, or sell, alienate, cede, assign or in any other manner transfer or dispose of any of the Scheme Shares other than in accordance with this Trust Deed; 12.1.5 cause proper records and books of account to be kept of the business and affairs of the Trust; 12.1.6 establish and keep updated a register of Participants in which inter alia the following shall be recorded from time to time – 12.1.6.1 the total number of Allocated Scheme Shares and SARs; 12.1.6.2 the number of Scheme Shares which each Participant may be entitled to receive in terms of the Scheme and the number of Allocated SARs which may Vest in each Participant; and 12.1.6.3 the name and identity number of each Participant and his residential address and contact details; 12.2 ensure that the records, books of account and register referred to above are at all times available for inspection by any member of the Board, the Auditors or other authorised representative of the Company; 12.3 cause to be prepared and audited, as soon as possible after the end of each Financial Year, the financial statements of the Trust; 12.4 as soon as possible after the financial statements of the Trust have been audited, deliver to the Board 3 (three) copies of such audited financial statements of the Trust, duly signed by the Trustees and the Auditors; 12.5 ensure that any dealings in Scheme Shares relating to the Scheme comply with the provisions of paragraphs 3.63 to 3.74 of the Listings Requirements (if applicable); 14.9(d) 12.6 make available upon request the Trust Deed to any Participant in an official language in which that person is familiar; and 12.7 carry out such duties as may be delegated to them from time to time by resolution of the Board.

Duties of Trustees. 12.1 In addition to any other duty imposed by this Trust Deed (whether expressed or implied), the 7.1. The Trustees shall– 12.1.2 make Offers and Allocations to Participants as envisaged shall establish a register in this Trust Deed, but always subject to the provisions of the Act and the Listings Requirements; 12.1.3 open a CSDP account in the name of the Trust and procure that all Scheme Shares remain nominally registered in the names of the Trustees (in their capacity as such) for the beneficial interest of the relevant Participants for so long as they remain Scheme Shares, whereafter which they shall be delivered to record, in respect of each Employee Beneficiary, at least the Participants;following: 12.1.4 not pledge or otherwise encumber, or sell, alienate, cede, assign or in any other manner transfer or dispose of any of the Scheme Shares other than in accordance with this Trust Deed; 12.1.5 cause proper records and books of account to be kept of the business and affairs of the Trust; 12.1.6 establish and keep updated a register of Participants in which inter alia the following shall be recorded from time to time – 12.1.6.1 the total number of Allocated Scheme Shares and SARs; 12.1.6.2 7.1.1. the number of Scheme Shares and identity of Other Assets in respect of which each Participant may be entitled he has Vested Rights from time to receive in terms of the Scheme and time; 7.1.2. the number of Allocated SARs which may Vest in each Participant; and 12.1.6.3 the name Scheme Shares and identity number of each Participant and his residential address and contact detailsOther Assets in respect of which Vested Rights still need to be granted to him if the proviso in clause 13.3.1.2 is applicable to such New Eligible Employee; 12.2 ensure that 7.1.3. the recordsdate of commencement of his employment, books of account and register referred to above are at all times available for inspection by any member of the Board, the Auditors or other authorised representative of the Companywhere such Employee Beneficiary is a New Eligible Employee; 12.3 cause to 7.1.4. any forfeitures of Vested Rights, which shall be prepared and audited, entered into the Register as soon as possible after the end of each Financial Year, the financial statements of the Trustforfeiture occurs; 12.4 as soon as possible after 7.1.5. the financial statements date of termination of his Employment By the Trust have been audited, deliver to the Board 3 (three) copies of such audited financial statements of the Trust, duly signed by the Trustees and the AuditorsGroup; 12.5 ensure that any dealings in 7.1.6. the reason for termination of his Employment By the Group; and 7.1.7. details of all distributions of Dividends, after deduction of an amount to cover Specific Taxation and Expenses, and/or Scheme Shares relating and/or Other Assets made to him in terms of this Trust Deed. 7.2. The Trust shall hold the Scheme comply Shares and Other Assets in accordance with the provisions of paragraphs 3.63 to 3.74 this Trust Deed for the ultimate benefit of the Listings Requirements Beneficiaries, but subject to the Repurchase Right. 7.3. The Trustees shall not incur liabilities other than liabilities (if applicable); 14.9(d)including, without limitation, audit fees and liabilities in respect of tax) that they are obliged to incur in terms of any applicable law, or as specifically permitted by this Trust Deed. 12.6 7.4. The Trustees shall not make any distributions to Beneficiaries in a manner other than that specified in this Trust Deed. 7.5. The Trustees shall procure, insofar as they are able, that all circulars, letters and other documents issued to shareholders of the Company are made available upon request to Employee Beneficiaries, on written request, at the Company’s registered office during normal business hours. 7.6. The Trustees shall procure that the Trust Deed is available on written request to any Participant Employee Beneficiary in an official language in which that person Employee Beneficiary is familiar; and 12.7 carry out such duties as may be delegated to them from time to time by resolution , provided that the English version of the BoardTrust Deed shall prevail over any other translated version of the Trust Deed.

Duties of Trustees. 12.1 In addition to any other duty imposed by this Trust Deed (whether expressed or implied)‌ 27.1. The Trustees shall establish separate Registers for the SSA Khanyisa Shares, the Trustees shall– 12.1.2 make Offers and Allocations to Participants as envisaged in this Trust Deed, but always subject to the provisions of the Act SOL Shares and the Listings Requirements; 12.1.3 open a CSDP account SOLBE1 Shares and other Entitlement Assets which are shares, in the name of the Trust and procure that all Scheme Shares remain nominally registered in the names of the Trustees (in their capacity as such) for the beneficial interest of the relevant Participants for so long as they remain Scheme Shares, whereafter which they shall be delivered to record, in respect of each Beneficiary, at least the Participants;following: 12.1.4 not pledge or otherwise encumber, or sell, alienate, cede, assign or in any other manner transfer or dispose of any of the Scheme Shares other than in accordance with this Trust Deed; 12.1.5 cause proper records and books of account to be kept of the business and affairs of the Trust; 12.1.6 establish and keep updated a register of Participants in which inter alia the following shall be recorded from time to time – 12.1.6.1 the total number of Allocated Scheme Shares and SARs; 12.1.6.2 27.1.1. the number of Scheme Shares Entitlement Assets in respect of which each Participant may be entitled to receive in terms of the Scheme and the number of Allocated SARs which may Vest in each Participant; and 12.1.6.3 the name and identity number of each Participant and his residential address and contact detailssuch Beneficiary has Vested Rights; 12.2 ensure that 27.1.2. the records, books Entitlement Assets in respect of account and register referred which Vested Rights are still to above are at all times available for inspection by any member of be granted to him/her if the Board, the Auditors or other authorised representative of the Companyproviso in clause 15.2 is applicable to such New Khanyisa Tier 2 Participant; 12.3 cause to 27.1.3. the Subsequent Effective Date where such Beneficiary is a New Khanyisa Tier 2 Participant; 27.1.4. any forfeitures of Vested Rights, which shall be prepared and audited, entered into the Register as soon as possible after the end of each Financial Year, the financial statements of the Trustforfeiture occurs; 12.4 as soon as possible after 27.1.5. the financial statements date of the Trust have been audited, deliver to the Board 3 (three) copies termination of such audited financial statements of the Trust, duly signed his/her Employment by the Trustees and the AuditorsGroup; 12.5 ensure that any dealings 27.1.6. the reason for termination of his/her Employment by the Group; and 27.1.7. details of all Normal Distributions and/or Entitlement Assets, after deduction of an amount to cover Specific Taxation and Expenses, made to him/her in Scheme Shares relating to terms of this Trust Deed. 27.2. The Trust shall hold the Scheme comply Plan Assets in accordance with the provisions of paragraphs 3.63 to 3.74 this Trust Deed for the ultimate benefit of the Listings Requirements Beneficiaries, but in relation to the SSA Khanyisa Shares, subject to the Automatic Repurchase. 27.3. The Trustees shall not incur liabilities other than liabilities (if applicable); 14.9(d)including, without limitation, audit fees and liabilities in respect of Tax) that they are obliged to incur in terms of any applicable law, or as specifically permitted by this Trust Deed. 12.6 27.4. The Trustees shall not make any distributions to Beneficiaries in a manner other than that specified in this Trust Deed. 27.5. The Trustees shall procure, insofar as they are able, that all circulars, letters and other documents issued to Shareholders or Sasol Shareholders, as the case may be, are made available upon to Beneficiaries, on written request to the Administrator during normal business hours. 27.6. The Trustees shall procure that the Trust Deed to is available on written request by any Participant Beneficiary in an official language in which that person Beneficiary is familiar; and 12.7 carry out such duties as may be delegated , having regard to them from the necessity to have this Trust Deed translated and allowing sufficient time to time by resolution therefor, provided that the English version of the BoardTrust Deed shall prevail over any other translated version of the Trust Deed.

Duties of Trustees. 12.1 In addition to any other duty imposed by this Trust Deed (whether expressed or implied), the 7.1. The Trustees shall– 12.1.2 make Offers and Allocations to Participants as envisaged shall establish a register in this Trust Deed, but always subject to the provisions of the Act and the Listings Requirements; 12.1.3 open a CSDP account in the name of the Trust and procure that all Scheme Shares remain nominally registered in the names of the Trustees (in their capacity as such) for the beneficial interest of the relevant Participants for so long as they remain Scheme Shares, whereafter which they shall be delivered to record, in respect of each Employee Beneficiary, at least the Participants;following: 12.1.4 not pledge or otherwise encumber, or sell, alienate, cede, assign or in any other manner transfer or dispose of any of the Scheme Shares other than in accordance with this Trust Deed; 12.1.5 cause proper records and books of account to be kept of the business and affairs of the Trust; 12.1.6 establish and keep updated a register of Participants in which inter alia the following shall be recorded from time to time – 12.1.6.1 the total number of Allocated Scheme Shares and SARs; 12.1.6.2 7.1.1. the number of Scheme Shares and identity of Other Assets in respect of which each Participant may be entitled he has Vested Rights from time to receive in terms of the Scheme and time; 7.1.2. the number of Allocated SARs which may Vest in each Participant; and 12.1.6.3 the name Scheme Shares and identity number of each Participant and his residential address and contact detailsOther Assets in respect of which Vested Rights still need to be granted to him if the proviso in clause 13.3.1.2 is applicable to such New Eligible Employee; 12.2 ensure that 7.1.3. the recordsdate of commencement of his employment, books of account and register referred to above are at all times available for inspection by any member of the Board, the Auditors or other authorised representative of the Companywhere such Employee Beneficiary is a New Eligible Employee; 12.3 cause to 7.1.4. any forfeitures of Vested Rights, which shall be prepared and audited, entered into the Register as soon as possible after the end of each Financial Year, the financial statements of the Trustforfeiture occurs; 12.4 as soon as possible after 7.1.5. the financial statements date of the Trust have been audited, deliver to the Board 3 (three) copies termination of such audited financial statements of the Trust, duly signed his Employment by the Trustees and the AuditorsGroup; 12.5 ensure that any dealings in 7.1.6. the reason for termination of his Employment by the Group; and 7.1.7. details of all distributions of Dividends, after deduction of an amount to cover Specific Taxation and Expenses, and/or Scheme Shares relating and/or Other Assets made to him in terms of this Trust Deed. 7.2. The Trust shall hold the Scheme comply Shares and Other Assets in accordance with the provisions of paragraphs 3.63 to 3.74 this Trust Deed for the ultimate benefit of the Listings Requirements Beneficiaries, but subject to the Repurchase Right. 7.3. The Trustees shall not incur liabilities other than liabilities (if applicable); 14.9(d)including, without limitation, audit fees and liabilities in respect of tax) that they are obliged to incur in terms of any applicable law, or as specifically permitted by this Trust Deed. 12.6 7.4. The Trustees shall not make any distributions to Beneficiaries in a manner other than that specified in this Trust Deed. 7.5. The Trustees shall procure, insofar as they are able, that all circulars, letters and other documents issued to shareholders of the Company are made available upon request to Employee Beneficiaries, on written request, at the Company’s registered office during normal business hours. 7.6. The Trustees shall procure that the Trust Deed is available on written request to any Participant Employee Beneficiary in an official language in which that person Employee Beneficiary is familiar; and 12.7 carry out such duties as may be delegated to them from time to time by resolution , provided that the English version of the BoardTrust Deed shall prevail over any other translated version of the Trust Deed.

Duties of Trustees. 12.1 In addition to any other duty imposed by this Trust Deed (whether expressed or implied)27.1. The Trustees shall establish separate Registers for the SSA Khanyisa Shares, the Trustees shall– 12.1.2 make Offers and Allocations to Participants as envisaged in this Trust Deed, but always subject to the provisions of the Act SOL Shares and the Listings Requirements; 12.1.3 open a CSDP account SOLBE1 Shares and other Entitlement Assets which are shares, in the name of the Trust and procure that all Scheme Shares remain nominally registered in the names of the Trustees (in their capacity as such) for the beneficial interest of the relevant Participants for so long as they remain Scheme Shares, whereafter which they shall be delivered to record, in respect of each Beneficiary, at least the Participants;following: 12.1.4 not pledge or otherwise encumber, or sell, alienate, cede, assign or in any other manner transfer or dispose of any of the Scheme Shares other than in accordance with this Trust Deed; 12.1.5 cause proper records and books of account to be kept of the business and affairs of the Trust; 12.1.6 establish and keep updated a register of Participants in which inter alia the following shall be recorded from time to time – 12.1.6.1 the total number of Allocated Scheme Shares and SARs; 12.1.6.2 27.1.1. the number of Scheme Shares Entitlement Assets in respect of which each Participant may be entitled to receive in terms of the Scheme and the number of Allocated SARs which may Vest in each Participant; and 12.1.6.3 the name and identity number of each Participant and his residential address and contact detailssuch Beneficiary has Vested Rights; 12.2 ensure that 27.1.2. the records, books Entitlement Assets in respect of account and register referred which Vested Rights are still to above are at all times available for inspection by any member of be granted to him/her if the Board, the Auditors or other authorised representative of the Companyproviso in clause 15.2 is applicable to such New Khanyisa Tier 2 Participant; 12.3 cause to 27.1.3. the Subsequent Effective Date where such Beneficiary is a New Khanyisa Tier 2 Participant; 27.1.4. any forfeitures of Vested Rights, which shall be prepared and audited, entered into the Register as soon as possible after the end of each Financial Year, the financial statements of the Trustforfeiture occurs; 12.4 as soon as possible after 27.1.5. the financial statements date of the Trust have been audited, deliver to the Board 3 (three) copies termination of such audited financial statements of the Trust, duly signed his/her Employment by the Trustees and the AuditorsGroup; 12.5 ensure that any dealings 27.1.6. the reason for termination of his/her Employment by the Group; and 27.1.7. details of all Normal Distributions and/or Entitlement Assets, after deduction of an amount to cover Specific Taxation and Expenses, made to him/her in Scheme Shares relating to terms of this Trust Deed. 27.2. The Trust shall hold the Scheme comply Plan Assets in accordance with the provisions of paragraphs 3.63 to 3.74 this Trust Deed for the ultimate benefit of the Listings Requirements Beneficiaries, but in relation to the SSA Khanyisa Shares, subject to the Automatic Repurchase. 27.3. The Trustees shall not incur liabilities other than liabilities (if applicable); 14.9(d)including, without limitation, audit fees and liabilities in respect of Tax) that they are obliged to incur in terms of any applicable law, or as specifically permitted by this Trust Deed. 12.6 27.4. The Trustees shall not make any distributions to Beneficiaries in a manner other than that specified in this Trust Deed. 27.5. The Trustees shall procure, insofar as they are able, that all circulars, letters and other documents issued to Shareholders or Sasol Shareholders, as the case may be, are made available upon to Beneficiaries, on written request to the Administrator during normal business hours. 27.6. The Trustees shall procure that the Trust Deed to is available on written request by any Participant Beneficiary in an official language in which that person Beneficiary is familiar; and 12.7 carry out such duties as may be delegated , having regard to them from the necessity to have this Trust Deed translated and allowing sufficient time to time by resolution therefor, provided that the English version of the BoardTrust Deed shall prevail over any other translated version of the Trust Deed.