BEE Compliant Persons definition

BEE Compliant Persons means, as interpreted by the courts from time to time:

BEE Compliant Persons has the meaning given to this term in the JSE Listings Requirements;

BEE Compliant Persons means as interpreted by the courts, from time to time – 1.2.3A.1 as regards a natural person, a Black Person;1.2.3A.2 as regards a juristic person having a shareholding or similar member’s interests, one who falls within the ambit of the definitions of BEE Controlled Company* or BEE Owned Company†, using the flow-through principle;1.2.3A.3 as regards any other entity, any entity similar to a BEE Controlled Company* or BEE Owned Company† using the flow-through principle contemplated in the BEE Codes which would enable Sasol to claim points attributable to the entity’s ownership of Sasol BEE Ordinary Shares pursuant to the Broad-Based Black Economic Empowerment Codes of Good Practice gazetted from time to time under the BEE Act;” 3. A new clause 1.2.3B is inserted after clause 1.2.3A which reads as follows:

Examples of BEE Compliant Persons in a sentence

• In the event that the listings requirements of the JSE so permit and the Company determines that a listing of Sasol BEE Ordinary Shares on the JSE is not ensuring that in general Sasol BEE Ordinary Shares are Beneficially Owned by BEE Compliant Persons only, the Company shall be entitled to delist the Sasol BEE Ordinary Shares form the JSE, provided that it puts in place an alternative trading mechanism.47A.

• BEE Certificate indicates that exercisable voting rights and economic interest in the handsof BEE Compliant Persons is greater than 50% in both cases (using only the fl ow through principle) Annexure B – Extract of Identity Document[to be attached when This BEE Contract is signed]63Annexure C – Naturalisation Affi davitAFFIDAVIT FOR A NATURAL PERSONI, the undersigned,(Full names)(South African Identity Number)hereby declare under oath as follows, that:1.

• The JSE will have controls to monitor that only BEE Compliant Persons who have signed a BEE Contract and, where necessary, submitted BEE Certifi cates or identity documents /naturalisation affi davits are able to buy BEE Securities listed on the proposed BEE Segment.

• The changes were required to ensure that the transferability of BEE Securities is restricted to take place only between BEE Compliant Persons during the relevant empowerment period of the particular Issuer (being until 7 September 2018 in the case of Sasol, or such shorter period as may be determined by Sasol in its sole discretion).13Sasol at the same time investigated other trading mechanisms.

• As all trading on the JSE currently takes place on the basis of the principle of unrestricted transfers, it became clear that it would be necessary to implement an entirely new ground-breaking system to allow trading only under a restricted transfer environment to accommodate Sasol’s primary requirement that all Benefi cial Owners of Sasol BEE Ordinary Shares must be BEE Compliant Persons (refer to paragraph 6 below ).

• To the extent that the Proposed Listings Requirements permit Sasol, without obtaining the passing of an ordinary resolution from the requisite shareholders, to delist the Sasol BEE Ordinary Shares from the proposed BEE Segment, if that does not ensure generally that Sasol BEE Ordinary Shares are Benefi cially Owned by BEE Compliant Persons only, the proposed new Article 168 referred to in special resolution number 7 in the Notice of General Meting will enable Sasol to exercise this right.

• For this reason the JSE has prescribed that the BEE Contract is generic in form and suitable for use by any Issuer, not just Sasol.As is the case with the Amended Cash Contract and the Amended New Cash Contract, the fundamental thread running through the BEE Contract is the requirement that only BEE Compliant Persons should be or become the Benefi cial Owners of BEE Securities.

• In the event that the listings requirements of the JSE so permit and the Company determines that a listing of Sasol BEE Ordinary Shares on the JSE is not ensuring that in general Sasol BEE Ordinary Shares are Beneficially Owned by BEE Compliant Persons only, the Company shall be entitled to delist the Sasol BEE Ordinary Shares form the JSE, provided that it puts in place an alternative trading mechanism.

• As is the case with the Cash Contract, Amended Cash Contract, the New Cash Contract and Amended New Cash Contract, the fundamental purpose of the BEE Contract is to ensure that BEE Securities will be benefi cially owned only by BEE Compliant Persons.

• In terms of the Cash Contract and New Cash Contract, Sasol committed to use its reasonable endeavours to establish a mechanism to facilitate trading in Sasol BEE Ordinary Shares amongst BEE Compliant Persons until the end of the Empowerment Period.

More Definitions of BEE Compliant Persons

BEE Compliant Persons means as interpreted by the courts, from time to time –

BEE Compliant Persons means as interpreted by the courts, from time to time – 1.2.3A.1 as regards a natural person, a Black Person;

BEE Compliant Persons means as interpreted by the courts, from time to time – 1.2.4A.1 as regards a natural person, a Black Person;1.2.4A.2 as regards a juristic person having a shareholding or similar member’s interests, one who falls within the ambit of the definitions of BEE Controlled Company¹ or BEE Owned Company², using the flow-through principle;1.2.4A.3 as regards any other entity, any entity similar to a BEE Controlled Company¹ or BEE Owned Company² using the flow-through principle contemplated in the BEE Codes which would enable Sasol to claim points attributable to the entity’s ownership of Sasol BEE Ordinary Shares pursuant to the Broad-Based Black Economic Empowerment Codes of Good Practice gazetted from time to time under the BEE Act;” 3. A new clause 1.2.4B is inserted after clause 1.2.4A which reads as follows:

BEE Compliant Persons. ' means, during the BEE Listing Period, any Eligible Person which YeboYethu (or its Nominee, delegate or agent) has notified as having successfully completed the BEE Verification, and whose BEE Status has not expired or been withdrawn in accordance with the YeboYethu Standard Trading

BEE Compliant Persons means as interpreted by the courts, from time to time –1.2.3A.1 as regards a natural person, a Black Person; 1.2.3A.2 as regards a juristic person having a shareholding or similar member’s interests, one who falls within the ambit of the definitions of B-BBEE Controlled Company* or B-BBEE Owned Company†, using the flow-through basis;1.2.3A.3 as regards any other entity, any entity similar to a B-BBEE Controlled Company* or B-BBEE Owned Company† using the flow-through basis which would enable Sasol Inzalo to claim points attributableto the entity’s ownership of Sasol Inzalo Ordinary Shares pursuant to the Broad-Based Black Economic Empowerment Codes of Good Practice gazetted from time to time under the BEE Act;”3. a new clause 1.2.3B is inserted after clause 1.2.3A which reads as follows:

BEE Compliant Persons means as interpreted by the courts, from time to time –1.2.4A.1 as regards a natural person, a Black Person; 1.2.4A.2 as regards a juristic person having a shareholding or similar member’s interests, one who falls withinthe ambit of the definitions of B-BBEE Controlled Company¹ or B-BBEE Owned Company², using the flow- through basis; 1.2.4A.3 as regards any other entity, any entity similar to a B-BBEE Controlled Company¹ or B-BBEE Owned Company² using the flow-through basis which would enableSasol Inzalo to claim points attributable to the entity’s ownership of Sasol Inzalo Ordinary Shares pursuant to the Broad-Based Black Economic Empowerment Codes of Good Practice gazetted from time to time under the BEE Act;”4. a new clause 1.2.4B is inserted after clause 1.2.4A which reads as follows: