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Sacoil Holdings Limited - Name Change And Share Consolidation

Release Date: 05/10/2017 08:35:00      Code(s): SCL     
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: SCL
ISIN: ZAE000127460
(?SacOil? or ?the Company?)

NAME CHANGE AND SHARE CONSOLIDATION

Shareholders are referred to the SENS announcement released on 3
October 2017 wherein the Company advised that the resolutions to
approve the change of the name of the Company and a share
consolidation were approved by the requisite number of
shareholders at the Company?s Annual General Meeting.


Shareholders are hereby advised that the necessary documentation
has been lodged with CIPC. Shareholders should take note of the
dates set out below, which may change as they are subject to the
confirmation of the filing of the relevant special resolutions
with CIPC and the provision of copies thereof to the JSE. Any
changes in dates will be announced on SENS.

 Receive confirmation of registration by the
 CIPC of the special resolutions by this date
 or as soon as possible thereafter               Monday, 23 October

 Release of finalisation announcement in
 respect of the Name Change and Share
 Consolidation on SENS by 11:00                  Tuesday, 24 October

 Last date to trade under the old name and in
 order to take part in the Share Consolidation   Tuesday 31 October

 Expected termination date for Trading under
 the name of ?Sacoil Holdings Limited? and
 commencement of trading under the new name
 ?Efora Energy Limited?, under share code EEl
 Short name Efora and ISIN ZAE000248258 and
 with the new capital structure following the
 Share Consolidation from the commencement of    Wednesday 1
 trade                                           November

 Announcement of fraction rate to be released    Thursday, 2
 on SENS                                         November

 Record date in respect of the Name Change and   Friday 3 November
 Share Consolidation

 Posting of share certificates in respect of
 Certificated SacOil Shares following the Name
 Change and Share Consolidation and update of
 Dematerialised shareholders accounts with
 their CSDP and Brokers                          Monday, 6 November


 Note
 (1) The above dates and times are subject to amendment. Any such
     amendment will be released on SENS.
 (2) Share certificates in the old name may not be dematerialised
     or rematerialised from Wednesday, 1 November 2017.

JSE Sponsor
PSG Capital Proprietary Limited

5 October 2017

For further information please contact:

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

Buchanan (Financial PR adviser)
Ben Romney / Chris Judd
+44 (0)20 7466 5000
Corporate Advisor to Belton Park
Gem Capital (Pty) Ltd
+27 (0)11 684 1701

ABOUT SACOIL

SacOil is a South African based independent African oil and gas
company, listed on the JSE. The Company has a diverse portfolio of
assets spanning production in Egypt; exploration and appraisal in
the Democratic Republic of Congo; midstream project relating to
crude trading in Nigeria and a majority interest in AfricOil, the
petroleum product wholesaler. 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: 05/10/2017 08:35:00 Supplied by www.sharenet.co.za                     
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