#Johannesburg #South Africa #Sasol Limited #Xikongomelo Maluleke #Timothy Cumming

Recent Changes to the Sasol Limited Board of Directors

On June 9, 2025, Sasol Limited informed shareholders and noteholders about significant developments in the company’s Board of Directors, as reported in compliance with the JSE Listings Requirements. This announcement marks a pivotal shift in the leadership structure that is expected to bolster the company’s strategic direction and operational performance in the energy sector.

Appointment of New Director

One of the standout developments is the addition of Ms. Xikongomelo Maluleke as an independent non-executive director. Effective June 9, 2025, Ms. Maluleke brings a wealth of experience and expertise in finance to the Sasol Board. With a solid educational background, holding a Bachelor's degree in Commerce (Accounting) from the University of Limpopo, along with an Honours degree and CTA from the University of KwaZulu-Natal, and an MBA from the University of Pretoria, she exemplifies the qualifications sought in the modern corporate governance landscape.

Her tenure at Shell Downstream South Africa for seven years in various finance roles underscores her extensive industry experience. Notably, she has served as the Chief Financial Officer at Lumika Renewables, a joint venture that combines the expertise of Reunert Limited and AP Moller Capital. In addition, she has actively participated as a trustee on the Board of Trustees for the Sasol Khanyisa Employee Share Ownership Trust before her recent appointment, demonstrating her commitment to employee-inclusive initiatives. Chairperson of the Board, Ms. Muriel Dube, welcomed Ms. Maluleke, emphasizing that her insights and dedication will significantly enhance Sasol's future endeavors.

Resignation of a Long Standing Director

Conversely, the company saw the resignation of Mr. Timothy Cumming from his position as a non-executive director and chairman of the Remuneration Committee. Cumming’s decision, guided by personal reasons, was accepted by the Board on June 6, 2025. His departure marks the end of a substantial chapter during which he contributed significantly to Sasol’s governance and operational oversight. Ms. Dube expressed the Board's gratitude towards Mr. Cumming, wishing him well in his future career paths.

Leadership Transformations

In light of these changes, Dr. Martina Flöel has stepped up as the new chairman of the Remuneration Committee. Dr. Flöel, who has been a Lead Independent Director and has served on the committee, will now guide the committee through its strategic initiatives. Meanwhile, Mr. Manuel Cuambe, who has been a valuable member of the Capital Investment Committee since his board appointment, is now set to take on the chairman role for the committee from June 6, 2025.

As Sasol adapts and evolves with these board changes, the organization places great emphasis on its nomination and succession planning strategies, aiming to ensure that leadership capabilities are aligned with its vision for sustainable growth. By fostering a diverse and experienced board, Sasol is poised to meet the challenges of the energy sector and leverage opportunities as the industry moves towards a more sustainable future.

As these transformations unfold, stakeholders and industry watchers can anticipate a renewed focus on strategic direction and operational excellence at Sasol Limited, strengthening its positioning in the global marketplace.

For further inquiries, interested parties can reach out to Sasol Investor Relations at +27 (0) 71 673 1929.