RNS Number : 2716O

Savannah Petroleum PLC

28 January 2019

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Savannah Petroleum PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights						X
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Ashmore Investment Management Limited
City and country of registered office (if applicable)			61 Aldwych, London, WC2B 4AE, United Kingdom
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)			c/o Ashmore Investment Management Limited, 61 Aldwych, London, WC2B 4AE, United Kingdom
5. Date on which the threshold was crossed or reachedvi:			24 January 2019
6. Date on which issuer notified (DD/MM/YYYY):			27 January 2019
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	3.9917%	0%		3.9917%	879,769,427
Position of previous notification (if applicable)	4.30%	N/A		4.30%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GBOOBP41S218		0		35,117,945			0		3.9917%
SUBTOTAL 8. A		35,117,945					3.9917%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Ashmore Investment Management Limited
EM Opportunities LLC
Ashmore Investment Management Limited
Northrop Grumman Pension Master Trust
Ashmore Investment Management Limited
Ashmore SICAV Emerging Markets High Yield Corporate Debt Fund
Ashmore Investment Management Limited
Ashmore SICAV Emerging Markets Corporate Debt Fund
Ashmore Investment Management Limited
Eli Lilly & Company as named fiduciary of the Lilly Retirement Plan Master Trust
Ashmore Investment Management Limited
Ashmore SICAV Emerging Markets Debt Fund
Ashmore Investment Management Limited
Ashmore SICAV Emerging Markets Total Return Fund
10. In case of proxy voting, please identify:
Name of the proxy holder		N/A
The number and % of voting rights held		N/A
The date until which the voting rights will be held		N/A
11. Additional informationxvi
Ashmore Investment Management Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold Ordinary Shares in the issuer: 1.   EM Opportunities LLC 2.   Northrop Grumman Pension Master Trust 3.   Ashmore SICAV Emerging Markets High Yield Corporate Debt Fund 4.   Ashmore SICAV Emerging Markets Corporate Debt Fund 5.   Eli Lilly & Company as named fiduciary of the Lilly Retirement Plan Master Trust 6.   Ashmore SICAV Emerging Markets Debt Fund 7.   Ashmore SICAV Emerging Markets Total Return Fund None of these funds holds, individually, 3% or more of the voting rights of the issuer through their holding of Ordinary Shares. Separately, Ashmore Investment Advisors Limited, an affiliate of Ashmore Investment Management Limited, acts as investment manager with full investment discretion and effective voting control of the following entities, which hold in aggregate 22,139,790 Ordinary Shares in the issuer (2.5165% of voting rights): 1.   Ashmore Emerging Markets Corporate Debt Fund a series of the Ashmore Funds 2.   Ashmore Emerging Markets Debt Fund 3.   Ashmore Emerging Markets Tri Asset Fund Limited 4.   Ashmore Emerging Markets Corporate High Yield Fund Limited 5.   Ashmore EM Blended Debt Fund LP 6.   Ashmore Emerging Markets Distressed Debt Fund Limited 7.   Ashmore Emerging Markets High Yield Plus Fund Limited 8.   Asset Holder PCC Limited in respect of Ashmore Emerging Markets Liquid Investment Portfolio 9.   Ashmore Emerging Markets Total Return Fund a series of the Ashmore Funds

Place of completion	London, United Kingdom
Date of completion	27 January 2019

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