SACOVEN PLC - TR-1 Notification of major interest in shares

TR-1 Notification of major interest in shares

Sacoven Plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Company number 110296)
AIM Share code: SCN
JSE Share code: SCV
ISN: JE00B7YH8W36
(the “Company”)

Sacoven Plc has a primary listing on the AIM and a secondary listing on the Alternative
Exchange of the JSE.

 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 1. Identity of the issuer or the underlying issuer
 of existing shares to which voting rights are                                            SACOVEN PLC
 attached: ii
 2 Reason for the notification (please tick the appropriate box or boxes):

 An acquisition or disposal of voting rights                                                    YES

 An acquisition or disposal of qualifying financial instruments which may result in the
 acquisition of shares already issued to which voting rights are attached
 An acquisition or disposal of instruments with similar economic effect to qualifying
 financial instruments
 An event changing the breakdown of voting rights
 Other (please
 specify):

 3. Full name of person(s) subject to the
                                                                            LEO FUND MANAGERS LTD
 notification obligation: iii



 4. Full name of shareholder(s)
                                                                   HAWK INVESTMENTS FUND SPC LTD
  (if different from 3.):iv

 5. Date of the transaction and date on
 which the threshold is crossed or                                               18TH SEPTEMBER 2015
 reached: v
 6. Date on which issuer notified:                                               21ST SEPTEMBER 2015

 7. Threshold(s) that is/are crossed or
                                                                                                  3%
 reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of        Situation previous          Resulting situation after the triggering transaction
shares               to the triggering
                     transaction
if possible using    Number        Number        Number        Number of voting           % of voting rights x
the ISIN CODE        of            of            of shares     rights
                     Shares        Voting
                                                 Direct        Direct xi   Indirect xii   Direct         Indirect
                                   Rights
JE00B7YH8W36
                     0             0             498,500       498,500                    8.30%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial          Expiration    Exercise/                 Number of voting               % of voting
instrument                 date xiii     Conversion Period xiv     rights that may be             rights
                                                                   acquired if the
                                                                   instrument is
                                                                   exercised/ converted.




C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial     Exercise     Expiration   Exercise/      Number of voting rights       % of voting rights xix,
instrument            price        date xvii    Conversion     instrument refers to          xx

                                                period xviii
                                                                                             Nominal       Delta




Total (A+B+C)
Number of voting rights                                   Percentage of voting rights

498,500                                                   8.30%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
n/a




Proxy Voting:
10. Name of the proxy holder:                                                          n/a

11. Number of voting rights proxy holder will cease
                                                                                       n/a
to hold:

12. Date on which proxy holder will cease to hold
                                                                                       n/a
voting rights:




13. Additional information:


14. Contact name:                                                       Alessandro Franchi


15. Contact telephone number:                                               0207 824 5885
Liberum Capital Limited            Clayton Bush
Nominated Adviser, Financial       Christopher Britton
Adviser and Corporate Broker       +44 (0)20 3100 2000


KPMG Service Proprietary Limited   No contact details
JSE Sponsor

22 September 2015

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