SASOL AND TRANSNET SETTLE LEGAL DISPUTES

Core Viewpoint - Sasol Oil and TotalEnergies Marketing South Africa won a legal judgment against Transnet, resulting in a payment order of R3.9 billion plus interest from Transnet to Sasol Oil [1] Group 1: Legal Proceedings - On June 20, 2024, the High Court of South Africa ruled in favor of Sasol Oil and TotalEnergies against Transnet, ordering Transnet to pay R3.9 billion plus interest [1] - Transnet has filed for leave to appeal the judgment to the Supreme Court of Appeal, which is currently under reconsideration, thus suspending the High Court's payment order [2] - In August 2024, Transnet initiated a separate action against Sasol Oil to recover R855 million, with the judgment still pending [3] Group 2: Settlement Agreement - On May 18, 2025, Sasol Oil and Transnet reached a settlement agreement, effective from May 23, 2025, after fulfilling all suspensive conditions [4] - Under the settlement, Transnet will make a net payment of R4.3 billion (exclusive of VAT) to Sasol Oil by June 30, 2025, resolving all disputes between the two parties [4]