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Dealing in securities by a director

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29 May 2015

SACOIL HOLDINGS LIMITED

(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”)

Dealing in securities by a director

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings

Requirements, the following information, relating to the dealings in the securities by a director, is disclosed:

Director:                                     Bradley Cerff

Status:                                       Executive Director - SacOil

Transaction date:                        28 May 2015

Number of share:                       400 000

Price per share:                           24 cents

Transaction value:                      R96 000

Type of securities:                       Ordinary shares

Nature of transaction:                 Purchase of shares on the open market

Extent of interest:                      Direct beneficial

Written clearance obtained: Yes

JSE Sponsor

PSG Capital Proprietary Limited

29 May 2015

For further information please contact:

SacOil Holdings Limited                                  +27 (0)10 591 2260

finnCap Limited (Nominated Adviser and      +44 (0) 20 7220 0500

Broker)

Christopher Raggett

FirstEnergy Capital (Financial Adviser            +44 (0) 20 7448 0200

and Joint Broker UK)

Travis Inlow

Instinctif Partners London (UK Investor        +44 (0)20 7457 2020

Relations)

David Simonson / Anca Spiridon

Instinctif Partners Johannesburg (SA           +27 (0)11 447 3030

Investor Relations)

Nicholas Williams / Tshepo Mophiring