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SacOil Notification in Terms of Section 122

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24 Oct 2012

(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”)  

Disclosure of Disposal of Securities

In accordance with the Johannesburg Stock Exchange (“JSE”) Limited Listings Requirements and Section 122(1) of the Companies Act, No 71 of 2008, shareholders are advised that Peregrine Equities (Pty) Ltd (“Peregrine Equities”) has notified SacOil that it has disposed of a beneficial interest in securities of the Company, such that the total beneficial interest of SacOil securities held by Peregrine Equities is now 4.59% of the total issued SacOil securities.

As required in terms of section 122(3)(a) of the Companies Act, SacOil has filed the required notice with the Takeover Regulation Panel.                        


JSE Sponsor
Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)
Matthew Robinson
Christopher Raggett

 +44 (0) 20 7220 0500

First Energy Capital (Joint Broker UK)
Majid Shafiq
Travis Inlow

 +44 (0) 20 7448 0200


GMP Securities Europe LLP (Joint Broker UK)
James Pope
Chris Beltgens

 +44 (0) 20 7647 2800

Keyter Rech Investor Solutions (SA)
Vanessa Ingram
Lynne Bothma

 +27 (0) 11 447 2993

Pelham Bell Pottinger (UK)
Philip Dennis
Nick Lambert
Rollo Crichton-Stuart

+44 (0) 20 7861 3919
+44 (0) 20 7861 3936
+44 (0) 20 7861 3918