Sasol Wax International AG has sold its 31,25% interest in Paramelt RMC BV to EURO Schümann Wax GmbH. Paramelt is active in the field of wax blends for a variety of industries such as packaging, cheese coating, hot-melt adhesives and for protection against ozone decay in the rubber industry.

Sasol Wax International AG is the 100% owner of Sasol Wax GmbH in Hamburg, Germany. Because it will increasingly engage in similar industries to Paramelt, it decided to sell its stake in the company to avoid any future conflicts of interest. The sale was effective from 10 July 2007.

"The sale of our interest in Paramelt opens the way for Sasol Wax to trade without restrictions in the field of wax blends and to grow our market share, "says Dr Reiner Groh, group general manager of Sasol Chemical Businesses.

Sasol Wax International AG is part of the Sasol Wax group, which is a 100% subsidiary of the South African company, Sasol Limited. The Sasol Wax group comprises 16 companies and joint ventures world-wide, all engaged in wax production, processing and marketing. Sasol Wax has 1,100 employees worldwide, with its head office in Hamburg, Germany. Sasol Wax has an annual consolidated turnover of € 600 million and is one of the world's leading players in the wax business.