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Tue, 20 Jul 2004	Official Announcement [ST]
Sasol hedges against exposure to oil prices On 7 May 2004, Sasol announced that it had executed certain hedging transactions in respect of its exposure to the oil price in order to improve the stability of cash flows. In particular, given the opportunity to hedge an element of Sasol Synfuels` income at relatively high oil prices, Sasol sold forward an amount of 30 000 barrels a day (equivalent to approximately 20% of Synfuels` production) for financial year 2004/05. Sasol has now announced that a further 15 000 barrels a day for 2004/05 has been sold forward. The total hedging activity to date therefore amounts to 45 000 barrels a day (equivalent to approximately 30% of Synfuels` production) for financial year 2004/05 at a weighted average Brent crude oil price of USD33.12. Sasol does not envisage extending its oil hedging for the current financial year 2004/05 and will next review its position and hedging needs in 2005 ahead of its 2005/06 financial year.
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Fri, 2 Jul 2004	Media Comment [ST]
Sasol confirms plans for China In a move to put an end to rumours about its plans in China, Sasol yesterday (01 July 2004) confirmed that it plans to build two coal-to-liquids plants in the Asian country. This is contrary to speculation that the petrochemical group planned to build four or five plants in China. Each of the projects will produce about 80 000 barrels of oil a day.
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