ROC's Largest Shareholder Supports FOSUN Offer

Transcendent Resources Limited (Fosun), a wholly-owned subsidiary of Fosun International Limited and Roc Oil Company Limited, are pleased to announce that Fosun has received acceptance instructions from Allan Gray Australia Pty Ltd (18.9%) in respect of the off-market takeover bid by Fosun to acquire all of the ordinary shares in ROC (Offer).

As at 1 October 2014, the total acceptances (Offer and Facility acceptances) in ROC have increased to ~29.3% of the issued share capital, reflecting a strong, positive response to the Offer.

The ROC Board has unanimously recommended that, in the absence of a superior proposal all ROC shareholders should also accept the Offer. The ROC directors have stated their intention to provide acceptance in respect of shares held or controlled by them in respect of the Offer.

ROC's Chairman Mike Harding said "after a long process, I am delighted that ROC's major shareholder has supported the Board's recommendation of the Fosun Offer."

Acceptance forms have been provided to shareholders. For further information regarding the Offer, ROC shareholders should refer to the Bidder’s Statement dated 11 September 2014 issued by Fosun or call the Offer Information Line on 1300 483 596 (within Australia) or +61 3 9415 4108 (outside Australia).

Shareholders can also refer to the Target’s Statement dated 11 September 2014 issued by ROC or call the
Offer Information Line on 1300 823 159 (within Australia) or +61 2 8022 7902 (outside Australia)