SacOil Holdings Limited CAUTIONARY ANNOUNCEMENT (7725O)

TIDMSAC

RNS Number : 7725O

SacOil Holdings Limited

11 August 2014

SACOIL HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

   JSE share code: SCL     AIM share code: SAC

ISIN: ZAE000127460

("SacOil" or the "Company")

JSE CAUTIONARY ANNOUNCEMENT

In terms of paragraph 3.9 of the JSE Listings Requirements, immediately after an issuer acquires knowledge of any material price sensitive information and the necessary degree of confidentiality of such information cannot be maintained, an issuer must publish a cautionary announcement.

As such, shareholders are advised that SacOil has entered into non-binding negotiations ("the Potential Transaction") which, if successfully concluded, may have a material effect on the price of the Company's securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made.

CLARIFICATION OF RECENT MEDIA COVERAGE

SacOil advises that, contrary to a recent press report, it is not in discussions and/or negotiations to make an acquisition of a production asset in Nigeria nor is it seeking to acquire any asset producing 5,000 barrels of oil per day. However, SacOil in its normal course of business continuously seeks opportunities to expand and optimise its portfolio of upstream assets, and will engage in informal discussions from time to time with several parties regarding such opportunities.

Johannesburg

11 August 2014

JSE Sponsor

Nedbank Capital

 
 For further information please contact: 
 SacOil Holdings Limited 
  Tariro Mudzimuirema                         +27 (0)11 575 7232 
 Nedbank Capital, a division of Nedbank 
  Limited (Sponsor) 
  Michelle Benade                             +27 (0) 11 294 3524 
 finnCap Limited (Nominated Adviser and 
  Broker)                                     +44 (0) 20 7220 
  Matthew Robinson / Christopher Raggett      0500 
 FirstEnergy Capital (Joint Broker UK) 
  Majid Shafiq                                +44 (0) 20 7448 
  Travis Inlow                                0200 
 
                                              +44 (0) 20 7861 
                                              3919 
 Bell Pottinger (UK)                          +44 (0) 20 7861 
  Philip Dennis                               3936 
  Nick Lambert                                +44 (0) 20 7861 
  Rollo Crichton-Stuart                       3918

This information is provided by RNS

The company news service from the London Stock Exchange

END

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