Investor Presentaiton

• • . CONDUCIVE EU REGULATIONS COULD UNLOCK THE EXPORT MARKET FOR GREEN HYDROGEN AND ASSOCIATED PRODUCTS FROM SOUTH AFRICA Utilising existing assets, repurposed to produce green hydrogen and derivatives, allows for fast scaling to meet demand South Africa's existing FT facilities in Secunda currently use coal and gas to produce ~2.5 Mt/a of hydrogen; however, these assets can be repurposed to use sustainable carbon¹ and green hydrogen to produce high value, low carbon PtX² and bio-derived products for the global market Transitioning Sasol's Secunda facility to an end state where no fossil-based feedstocks are required will ultimately result in the reduction of over 50 Mt CO2e/a; however, the transition needs to take place in a phased approach, aligned with national priorities of a just transition The draft Delegated Act 28 (DA28) to REDII establishes a GHG accounting methodology to assess GHG emission savings from Renewable Fuels of Non-Biological Origin (RFNBOs) 3 and also describes eligible sources of CO2 In its current form the DA presents a number of challenges that impacts the ability to produce sufficient volumes of eligible sustainable products to justify the project economics of introducing sustainable feedstock Key challenges with the proposed EU regulations are: (1) lack of recognition of flexible allocation of GHG emissions savings to one product, (2) the ability to meet the EU's requirements for CO2 (accounting and paying a carbon price) and (3) recognition of FT CO2 as an eligible feedstock for the duration of the project life. BUSA 1From biogenic sources, unavoidable industrial CO2 streams and CO2 from direct air capture (DAC); 2Power-to-X (PtX) is an all-encompassing term referring to renewable products from the combination of CO2 and green hydrogen; 3RFNBOs are the EU nomenclature for green hydrogen and PtX fuels

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