SacOil Holdings Limited Trading Statement (5757V)

TIDMSAC

RNS Number : 5757V

SacOil Holdings Limited

29 October 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: ZAE0000127460

("SacOil" or "the Company" or "the Group")

TRADING STATEMENT

In accordance with paragraph 3.4 (b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period.

Shareholders are advised that for the six months ended 31 August 2014 the Group is expected to report basicearnings per share ("EPS") and headline earnings per share ("HEPS") of between 0.65 cents and 0.79 cents per share, being a decrease of 64% to 84% compared to the reported EPS and HEPS of 2.76 cents for the six months ended 31 August 2013.

The main factors leading to the decrease in earnings are in relation to the impact of currency valuations on financial assets as well as a provision for impairment and the higher expensed business development activities.

The information in this trading statement has neither been reviewed nor reported on by the Company's external auditors.

The Group's interim financial results for the six months ended 31 August 2014 are expected to be released on or about 3 November 2014.

Johannesburg

29 October 2014

JSE Sponsor

Nedbank Capital

 
 For further information please 
  contact: 
 finnCap Limited (Nominated 
  Adviser and Broker) 
 Matthew Robinson / Christopher      +44 (0) 20 7220 
  Raggett                             0500 
 FirstEnergy Capital (Financial 
  Adviser and Joint Broker UK) 
                                     +44 (0) 20 7448 
 Majid Shafiq / Travis Inlow          0200 
 
   Instinctif Partners London 
   (UK Investor Relations)             +44 (0)20 7457 
   David Simonson / Anca Spiridon      2020 
 Instinctif Partners Johannesburg 
  (SA Investor Relations) 
 Nicholas Williams / Fred Cornet     +27 (0)11 447 3030

This information is provided by RNS

The company news service from the London Stock Exchange

END

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