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Unqualified Audit Report

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02 Jun 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”)

UNQUALIFIED AUDIT REPORT

Shareholders are advised that the independent auditors report on the Company’s 28 February 2015 consolidated condensed preliminary financial statements is unqualified.

JSE Sponsor

PSG Capital Proprietary Limited

2 June 2015

For further information please contact:

SacOil Holdings Limited                                                                   +27 (0)11 463 6884

Damain Matroos

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

Christopher Raggett

FirstEnergy Capital (Financial Adviser and Joint Broker UK)        +44 (0) 20 7448 0200

Travis Inlow

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

David Simonson / Anca Spiridon

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

Nicholas Williams / Tshepo Mophiring