Cautionary Announcement – Expression of Interest
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL AIM share code: SAC
(“SacOil” or the “Company”)
CAUTIONARY ANNOUNCEMENT – EoI
Shareholders are hereby advised that the Company has entered into an expression of interest (“EoI”) dated 19 February 2014 with The Instituto De Gestão Das Participações Do Estado, an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique, and The Public Investment Corporation (SOC) Limited to investigate gas opportunities relating to the future distribution of gas in Southern Africa.
The purpose of the EoI is purely to govern the preliminary discussions, and formalise the relationship, between the parties. These discussions are at a very early stage, with the intention of concluding a formal memorandum of understanding by the end of March 2014.
The above-mentioned may have a material effect on the price of SacOil’s shares and accordingly shareholders are advised to exercise caution when dealing in the Company’s shares until a further announcement is made.
24 February 2014
For further information please contact:
SacOil Holdings Limited
Roger Rees / Tariro Mudzimuirema
+27 (0)11 575 7232
Nedbank Capital, a division of Nedbank Limited (Sponsor)
+27 (0) 11 294 3524
finnCap Limited (Nominated Adviser and Broker)
Matthew Robinson / Christopher Raggett
+44 (0) 20 7220 0500
FirstEnergy Capital (Joint Broker UK)
Majid Shafiq / Travis Inlow
+44 (0) 20 7448 0200
Pelham Bell Pottinger (UK)
+44 (0) 20 7861 3919
+44 (0) 20 7861 3936
+44 (0) 20 7861 3918
IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES
If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.
Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.