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Resignation of Directors

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11 Apr 2013

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")

Resignation of Directors

SacOil announces that Richard Linnell and Colin Bird have resigned as directors of the Company with immediate effect.

11 April 2013
ENDS

JSE Sponsor
Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)   +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett

FirstEnergy Capital (Joint Broker UK)                       +44 (0) 20 7448 0200
Majid Shafiq
Travis Inlow

GMP Securities Europe LLP (Joint Broker UK)          +44 (0) 20 7647 2800
James Pope
Chris Beltgens

Keyter Rech Investor Solutions (SA)                        +27 (0) 11 447 2993
Vanessa Ingram
Lynne Bothma

Pelham Bell Pottinger (UK)
Philip Dennis                                                               +44 (0) 20 7861 3919
Nick Lambert                                                              +44 (0) 20 7861 3936
Rollo Crichton-Stuart                                                 +44 (0) 20 7861 3918