SAVP.L Regulatory News (SAVP)

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

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

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:

8 February 2019

6. Date on which issuer notified (DD/MM/YYYY):

11 February 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

2.8491%

0%

2.8491%

879,769,427

Position of previous notification (if

applicable)

3.9917%

0%

3.9917%

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 ofshares

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

25,065,235

0

2.8491%

SUBTOTAL 8. A

25,065,235

2.8491%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

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

Expirationdatex

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 thefinancial 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 18,923,235 Ordinary Shares in the issuer (2.1509% 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

11 February 2019