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Sacoil Holdings Limited - Addendum To Notice Of Annual General Meeting

Release Date: 07/11/2013 17:00:00      Code(s): SCL     
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?)

                     Addendum to Notice of Annual General Meeting

Shareholders are referred to the announcement dated 12 September 2013 regarding the
establishment of various Board sub-committees and the announcements dated 17
September 2013 and 23 September 2013 containing details of the Company?s annual general
meeting, scheduled to be held on Friday, 29 November 2013 at 10:00 at 2nd Floor, The
Gabba, Dimension Data Campus, 57 Sloane Street, Bryanston (?the Annual General
Meeting?).

On 23 September 2013 the Company circulated a notice of Annual General Meeting (?the
Notice?) dealing with, inter alia, the election of Audit Committee members. The JSE Limited
subsequently informed the Company that its Audit Committee would not be properly
constituted according to the requirements of the JSE Limited Listings Requirements (?the
Listings Requirements?), if Ordinary Resolution Number 3 ? Election of Audit Committee
Members, as contained in the Notice, was passed by the shareholders, as the Listings
Requirements require an audit committee to be comprised of at least three independent
non-executive directors, as recommended by the revised Code of and Report on Governance
Principles for South Africa (King III).

In order to ensure compliance with the Listings Requirements the Notice must be amended
to include an ordinary resolution that proposes, for election as Audit Committee members,
directors who meet the requirements of the Listings Requirements. Accordingly, the
Company has today distributed to shareholders an addendum to the Notice, which amends
Ordinary Resolution Number 3 by replacing Ignatius Sehoole, who is a non-executive
director, with Vusi Pikoli, an independent non-executive director, to ensure compliance with
the Listings Requirements.

The date, time and location of the Annual General Meeting remain unchanged.

7 November 2013
ENDS

Investment Bank, Corporate Advisor and JSE Sponsor
Nedbank Capital, a division of Nedbank Limited
Legal Advisor
Norton Rose Fulbright South Africa
Nominated Adviser and Broker
finnCap Limited
For further information please contact:

SacOil Holdings Limited
Roger Rees/ Tariro Mudzimuirema                              +27 (0)11 575 7232

Nedbank Capital, a division of Nedbank Limited (Investment   +27 (0) 11 294 3524
Bank, Corporate Advisor and Sponsor)
Michelle Benade

finnCap Limited (Nominated Adviser and Broker)               +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett

FirstEnergy Capital (Joint Broker UK)                        +44 (0) 20 7448 0200
Majid Shafiq
Travis Inlow

Pelham Bell Pottinger (UK)
Philip Dennis                                                +44 (0) 20 7861 3919
Nick Lambert                                                 +44 (0) 20 7861 3936
Rollo Crichton-Stuart                                        +44 (0) 20 7861 3918

Date: 07/11/2013 05:00:00 Supplied by www.sharenet.co.za                     
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