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SACOIL HOLDINGS LIMITED - Disclosure of the Acquisition and Disposal of Securities

Release Date: 17/10/2016 16:48:00      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 accordance with section 122(3)(b) of the Companies Act No. 71 of 2008,
as amended, and section 3.83(b) of the Listings Requirements of the JSE
Limited, shareholders are hereby advised that the Company has been
notified of the following movements in securities of the Company:

The Public Investment Corporation (SOC) Limited (?PIC?), acting on behalf
of the Government Employees Pension Fund (?GEPF?) has, in aggregate,
acquired the total interests in the securities of the Company held by
Westglamry Limited (?Westglamry?) and Newdel Holdings Limited (?Newdel?),
such that the resulting total interest in the securities of the Company
held by the PIC, on behalf of the GEPF, amounts to 68.65% of the total
issued share capital of the Company.

Newdel and Westglamry no longer have notifiable interests in the Company.

JSE Sponsor
PSG Capital Proprietary Limited

17 October 2016

For further information please contact:

SacOil Holdings Limited
Damain Matroos
+27 (0)10 591 2260

finnCap Limited (Nominated Adviser and broker)
Christopher Raggett and James Thompson
+44 (0) 20 7220 0500

FirstEnergy Capital (Joint broker)
Hugh Sanderson / David van Erp
+44 (0) 20 7448 0200

Buchanan (Financial PR adviser) - UK
Ben Romney / Chris Judd / Madeleine Seacombe
+44 (0)20 7466 5000

Hill + Knowlton Strategies (Financial PR adviser) - SA
Craig Atherfold / Eva Khosa
+27 11 463 2198


SacOil is a South African based independent African oil and gas company,
dual-listed on the JSE and AIM. The Company has a diverse portfolio of
assets spanning production in Egypt; exploration and appraisal in the
Democratic Republic of Congo, Malawi and Botswana; and midstream
projects including crude trading in Nigeria and a terminal project in
Equatorial Guinea. Our focus as a Group is on delivering energy for the
African continent by using Africa?s own resources to meet the
significant growth in demand expected over the next decade. The Company
continues to evaluate industry opportunities throughout Africa as it
seeks to establish itself as a leading, full-cycle pan-African oil and
gas company.

Date: 17/10/2016 04:48:00 Supplied by www.sharenet.co.za                     
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