TR1 - 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. For filings with the FCA include the annex For filings with issuer exclude the annex 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 X 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 Duet Asset Management Limited notification obligation: iii 4. Full name of shareholder(s) Duet Africa Opportunities Master Fund IC (if different from 3.):iv 5. Date of the transaction and date on which the threshold is crossed or 16/03/2016 reached: v 6. Date on which issuer notified: 18/03/2016 7. Threshold(s) that is/are crossed or 8% 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 Indirect Direct Direct xi xii Direct Indirect Rights JE00B7YH8W36 0 0 498,500 498,500 n/a 8.33 n/a 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 % of voting rights xix, instrument price date xvii Conversion rights instrument xx period xviii refers to Nominal Delta - Total (A+B+C) Number of voting rights Percentage of voting rights 498,500 8.33% 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: Ballal Jiwan 15. Contact telephone number: +44 (0)207 268 2533 Sponsor: KPMG Services Proprietary Limited 22 March 2016 Date: 22/03/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.