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SACOIL HOLDINGS LIMITED - JSE Cautionary Announcement - Clarification of recent media coverage

Release Date: 11/08/2014 14:30:00      Code(s): SCL     
(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?)


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

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.


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.

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)
Matthew Robinson / Christopher Raggett                           +44 (0) 20 7220 0500

FirstEnergy Capital (Joint Broker UK)
Majid Shafiq                                                     +44 (0) 20 7448 0200
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: 11/08/2014 02:30:00 Supplied by www.sharenet.co.za                     
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