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Sacoil Holdings Limited - Trading Statement

Release Date: 08/05/2017 16:00:00      Code(s): SCL     
SacOil Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1993/000460/06)
JSE Share Code: SCL AIM TIDM: SAC
ISIN: ZAE000127460
(?SacOil? or ?the Company?)

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, companies are
required to provide guidance to the market when they are
satisfied that a reasonable degree of certainty exists that the
financial results for the current reporting period will differ
by at least 20% from the results of the previous corresponding
reporting period.

SacOil is currently finalising its results for the year ended
28 February 2017. In this regard, shareholders are advised that
the Company expects earnings per share (?EPS?) and headline
earnings per share (?HEPS?) for the year ended 28 February 2017
to be at least 20% lower relative to the prior comparative
period.

There is currently insufficient certainty to enable the Company
to provide specific guidance on the extent of the expected
reduction in both HEPS and EPS and it is anticipated that SacOil
will publish a more detailed trading statement in due course.

The financial information on which this trading statement is
based has not been reviewed or reported on by the Company?s
auditors.

8 May 2017

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

JSE Sponsor
PSG Capital Proprietary Limited

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

Financial PR Adviser
Buchanan                                   +44 (0)20 7466 5000
Ben Romney
Chris Judd

ABOUT SACOIL

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: 08/05/2017 04:00:00 Supplied by www.sharenet.co.za                     
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