STRATEGIC COLLABORATION FOR A MORESUSTAINABLE WORLD

Copyright ©, 2023, Sasol

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These statements may also relate to
our future prospects, expectations,developments and business strategies

Copyright ©, 2023, Sasol

Comprehensive additional information is available on our website: www.sasol.com

1Copyright ©, 2023, Sasol

Sasol has deep engineering and technical expertise, and globally
pioneering production methods of green fuels and chemicals
Sasol is uniquely positioned to lead ingreen hydrogen and SAF …
We know Hydrogen
One of the largest producers of greyhydrogen ~2.5 million tpa

We know chemicals

Sustainablemaritime fuelMajor Green H2Exporter• NH3 / MeOH for
Shipping• Industrialisation ofcoastal regions• NH3 / MeOH for
Export>6.3 million tpa of chemical products sold tomore than 6500 customers across 118countries

We know fuels
One of the world’s leading producers ofsynthetic fuels

People and Assets

Sasolburg | Repurpose
Stimulate and anchor local demand & set up local industry value chains••

Green H2 pilot by 2023 | Renewable power of 69 MW | Production of 3.5 t/dMarket: Industry (Chemical, Green Steel, Industrial process heat, Mining) |Heavy duty transport | Long-term back-up power

Secunda | Shift
H2 Mobility• Buses• Heavy duty mobility• Mining

Experienced in integrated global value chains, complex projects, operations
in Southern Africa and globallyWith > 70 years’ experience in the production and marketing of fuels andchemicals and as a global pioneer in inventive Fischer-Tropsch (FT)Technology we can unlock green hydrogen’s full potential through its
derivative products, including sustainable aviation fuels

supported by strategic investment studies
and projects

with prioritised end use cases …

Sustainable fuels &chemicals• SAF hub
• e-Fuels for Road
Mobility

Produce sustainable fuels and chemicals & become a global SAF hub•

Initial on-site H2 production of 50,000 t/a for SAF, potentially scaling up to2.5 Mt/a | anchor SA as a leading SAF hub

Green H2 Export | Incubate & Grow
Study lighthouse projects demonstrating Southern Africa’s capabilities

H2 for Green Steel• Revitalise the steel
industry

Sasol's ambition is to become a green
H2 major and lead the development ofSouthern Africa’s green H2 economy

Decarbonisation ofSEZs• Micro-grids• Power & HeatGeneration•

Initial focus on export market to enable development and scale-up with thevision of building H2 backbone to supply inland over time

Sasol ecoFT | Leverage FT technology
Advance FT monetization through equity positions, licensing, catalyst sales andtechnical services

Source: Sasol Integrated Report 2022, Sasol analysis
Quality of estimates are in most instances reflecting the understanding at pre-feasibility study or earlier level
Copyright ©, 2023, Sasol

3South Africa’s unique value proposition

South Africa has large scale, high quality REpotential
REDZ can hold ~922 GW1 RE capacity (assuming 60% solar PV, 40%wind) Average load factors in SA amongst the best in the world and on
par with major competitors Chile, Saudi and Australia

Potential untapped green market in excess of ~US$194bn by 2050
400 million t/a2000 million t/a

670 million t/asustainable jet fuelsustainable steel

sustainable ammonia

Optimal geopolitical location with access to multiple markets

Sufficient land and water + Platinum Group
Metals for H2 production~ 1% of SA land (1.1MHa) would be sufficient to produce ~1330PJ(10Mt) green H2 with >70% of world’s PGMs

Large scale local use-cases and unique FTexpertise
Proprietary Fischer-Tropsch (FT) technology for synthetichydrocarbons; existing assets and knowledge allow for local
beneficiation of GH2 and derivative

EIA Global Hydrogen
Review 2022

IHS Global Hydrogen Review 2021

South Africa is well positioned to be a key global hydrogen player, while incubating local demand
Copyright ©, 2023, Sasol
Sasol

Source: EIA Global Hydrogen Review, The Super H2igh Road Scenario for South Africa, 2021; NBI, Decarbonising South Africa's Power System, 2021; Sasol / BCG / McKinsey analysis

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South Africa keeping pace with global developments
Selected green & blue NH3 projects & studies
Port of SouthLouisiana

Non-exhaustive
Svevind EnergyKINC Hydrogen
Plant

H2Oman Dhofar
Hydrogen Project1460 kt/y 2025

1000 kt/y 2025

11200 kt/y 2030

Scatec SCZONEHydrogen Project
1000 kt/y 2025

Countries with highest announced capacity by 2030
Australia
Kazakhstan
Chile
Indonesia
BrazilOman
Vietnam
Egypt
United States
NamibiaSouth Africa
Saudi Arabia

1000 kt/y 2027

1848 kt/y 2030

2500 kt/y 2026

Western Green
Energy Hub

H2 Magallanes
ProjectNeom Helios
Green Fuels

Namibia

4400 kt/y 2027

1500 kt/y 2026
H1 Magallanes
ProjectBoegoebaai
Project

1000 kt/y 2028

1000 kt/y 2026

20000 kt/y 2030
1200 kt/y 2025

BP Geraldton
Hydrogen Plant 2

Prieska Project

1000 kt/y 2027

500 kt/y 2030

1 000kt/y 2030
Sadhana
Project

HNH Green
Ammonia Project

Copyright ©, 2023, Sasol

3,700
2,750
2,695
2,028
1,755
1,576
1,500
1,220
1,200
Thang Long
Hydrogen ProjectTransHydrogen
Alliance Port of Pecem

ACH – MRP
Project

24,775
11,2009,100

TBA t/y 2030

Legend780 kt/y 2026

3700 kt/y 2024

Partnerships and collaborations are key enablers for large scale projects

Source: GlobalData Low-Carbon Hydrogen Database; BCG analysis, Press

Project name(country)

North Kalimantan
Hydrogen Project

Hive Project

Selectedexamples

Owner

Ammonia
Year ofoutput capacity
commissioning(kilo Tons/year)5Catalytic projects to position Sasol as an anchor global supplier ofgreen H2 by 2030
Repurpose Sasolburg’s existing assets toproduce green hydrogen and derivatives

Shift Secunda Operations to produce
sustainable energy and chemicals

Southern Africa Mega Export Project
Opportunities

Stimulate and anchor local demand & setup local
industry value chains (incl. fuel cells)

Demonstrate sustainable aviation fuel capability &firm up demand

Boegoebaai Green Hydrogen Export – Lighthouse
Project

FT Synthesis

SUSTAINABLE CHEMICALSSUSTAINABLE FUELS

Boegoebaai~ 5GW renewable energy | Transition existing plants toproduce green ammonia, wax and methanol products

Initial renewable energy ~400 MW for SAF
demonstration
Full decarbonization up to 40 GW by 2040+

Renewable energy of 3 GW for the first phase withpotential to scale up to 50GW by 2050

Local industries decarbonisation (Chemical,
Green Steel, Industrial process heat, Mining)

Sustainable fuels (priority - sustainable aviation fuel)and chemicals

Export | initial focused on green ammonia

Hydrogen Mobility | buses and heavy-duty truck
Micro-grid for back-up power

Copyright ©, 2023, Sasol

Abbreviations: MW: Mega Watt, SAF: Sustainable Aviation Fuel, GW: Giga Watt, Mt: Million tons

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Mega-scale green hydrogen value chain partnership opportunities
Collaboration and partnerships are critical to move at speed to enable the green H2 opportunityPartnership
opportunities

Co-developer

Concessionaire

RenewablesElectrolyzer

Offtake

Challenge: significant
interface risk in value

Challenge: competition
for prime development
land

Challenge: Vastquantity required,timing on high-cost item(~40% of total)

Challenge: Overcome
global supply
constraints & pot. longlead times

Challenge: Securing
offtake is key to unlock
further investment

Partnering: Obtain
increased technicalexpertise with someone
willing to share risk andrewardRenewable Energy
Main
Processes

Policy &Regulation
Green Funding

Partnering: land-owners
provide security for dev.

Wind and Solar

PowerTransmission

Concession

TechnicalCo-developer

Copyright ©, 2023, Sasol

Partnering: key tosecure the first-moveradvantage

H2 Production

Synthesis

Electrolyser

Ammonia, Methanol, e-Kerosene

Electrolysis

H2O pipeline

H2 pipeline(to Port, Ammonia,and Methanol)

H2 Derivative Production
NH3, Hydrocarbon
pipelines

Electron storage
Desalination

ExportCustomers

Port Facilities

Offtake contracts fordifferent end use cases

H2 storage
N2 Pipeline

Additional
Processes

Concessional owners(government, community,private)

Partnering: share costs
and build scale

Partnering: De-risk
project execution andsecure funding

CO2 Pipeline

Storage andBunkering at Portfor Ammonia andMethanol

Air Separation Biomass gasification
H2 Pipeline to Secunda

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