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NEW YORK, May 16, 2022 (GLOBE NEWSWIRE) — Hagens Berman Sobol Shapiro LLP announces that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of Sasol Limited American Certificates of Deposit (:SSL):

SUMMARY NOTICE OF PENDENCE AND
PROPOSED CLASS ACTION SETTLEMENT

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED SASOL LIMITED AMERICAN DEPOSITORY RECEIPTS (“ADR”) FROM MARCH 10, 2015 THROUGH JANUARY 13, 2020, BOTH DATES INCLUSIVE.

PLEASE READ THIS NOTICE CAREFULLY; YOUR RIGHTS WILL BE AFFECTED BY A PENDING CLASS ACTION IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to an order of the United States District Court for the Southern District of New York, that a hearing will be held on August 18, 2022 at 9:30 a.m. before the Honorable John P. Cronan, United States District Judge for the Southern District of New York, United States Courthouse, Courtroom 12D, 500 Pearl Street, New York, NY 10007 for the purpose of determining: (1) whether the proposed settlement of claims in the aforementioned action (“Settlement”) for consideration comprising the sum of $24,000,000 (“Settlement Amount”) must be approved by the Court as fair, reasonable and adequate; (2) if the proposed plan to distribute the proceeds of the settlement is fair, reasonable, and adequate; (3) if Lead Plaintiff’s (“Lead Counsel”) attorneys’ request for an award of attorney’s fees of up to twenty-two percent (22% ) plus interest on the Settlement Amount, reimbursement of expenses not exceeding 600,000 $00 and an inducement payment of up to $20,000 to the principal applicant and up to $15,000 to the additional applicant representative must be approved; and (4) whether this action should be dismissed with prejudice as set forth in the stipulation and settlement agreement dated April 1, 2022 (the “Stipulation”). The Court may also hold the hearing by telephone or videoconference.

If you purchased American Depository Receipts (“ADRs”) from Sasol Limited (“Sasol”) during the period from March 10, 2015 to January 13, 2020, both dates inclusive (the “Class Period”), you are a “Class Member” and your rights may be affected by these settlements, including the release and extinguishment of any claims you may have relating to your interest in Sasol securities. If you have not received a detailed Notice of Expectation and Proposed Class Action Settlement (“Notice”) and a copy of the Proof of Claim and Release Form, you may download a copy at www.strategiclaims.net/sasol/ or obtain copies by contacting the Claims Administrator at: Sasol Limited Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Ste. 205, PO Box 230, Media, PA 19063; (Tel.) (866) 274-4004; (fax) (610) 565-7985; [email protected].

If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must electronically submit a completed Proof of Claim by 11:59 p.m. on July 5, 2022 to the Claims Administrator. , establishing that you are entitled to recovery. If you are unable to submit a proof of claim electronically, you may mail a proof of claim at your own expense. If you are a Settlement Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release Form by July 5, 2022 to the Claims Administrator, establishing that you are entitled to recovery. Unless you submit a written request to opt out, you will be bound by any judgment rendered in the action, whether or not you make a claim.

If you wish to be excluded from the Settlement Class, you must submit a request to be excluded to the Claims Administrator for receipt no later than July 28, 2022, in the manner and form explained in the notice. . All Settlement Class Members who have not opted out of the Settlement Class will be bound by any judgment rendered in the Action pursuant to the Stipulation.

Any objection to the settlement, plan of award, or Lead Counsel’s request for award of attorney’s fees and reimbursement of expenses and award to lead plaintiff must be in the manner and form explained in the detailed notice and received no later than July 28. 2022, to each of the following:

court clerk
United States District Court
Southern District of New York
Courtroom 12D
500 Pearl St.
New York, NY 10007

SENIOR ADVISOR :

Hagens Berman Sobol Shapiro LLP
Attn: Lucas E. Gilmore, Esq.
715 Hearst Avenue, Suite 202
Berkeley, CA 94710
Tel: (510) 725-3000
Fax: (510) 725-3001
E-mail: [email protected]

COUNSEL FOR THE DEFENDANTS:

Weil, Gotshal & Manges LLP
Attention Caroline H. Zalka, Esq. and
Nicole E. Prunetti, Esq.
767 Fifth Avenue
New York, NY 10153
Tel: (212) 310-8000
Fax: (212) 310-8007
E-mail: [email protected]
[email protected]

If you have any questions about the Settlement, you can call or write to Lead Counsel:

Hagens Berman Sobol Shapiro LLP
Lucas E. Gilmore, Esq.
715 Hearst Avenue, Suite 202
Berkeley, CA 94710
Tel: (510) 725-3000
Fax: (510) 725-3001
E-mail: [email protected]

PLEASE DO NOT COMMUNICATE WITH THE COURT OR THE CLERK’S OFFICE ABOUT THIS NOTICE.

DATED: April 19, 2022

BY ORDER OF THE UNITED STATES DISTRICT
COURT, FOR THE SOUTHERN DISTRICT OF
NEW YORK
__________________________
HON. JOHN P. CRONAN

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