Sacoil - Re: SAC Stream Log - Markus, seems you're spot on.......

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Re: SAC Stream Log

13:28 02/02/2015

Marius

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Markus, seems you're spot on.... With reference to the cautionary announcement published on 18 December 2014 on the Stock Exchange News Service of the JSE and on the Regulatory News Service of the London Stock Exchange, SacOil shareholders (?Shareholders?) are advised that the Company is still in the process of considering its portfolio rationalisation, which, if successfully concluded, may have a material effect on the price of SacOil ordinary shares (?Shares?). In particular, SacOil is considering the cancellation of an agreement to participate in an appraisal asset in Nigeria. As yet, no transaction has been formalized and there can be no guarantee as to the terms or conditions attached to any cancellation of this asset. Further updates will be made in due course.

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