Updated Trading Statement

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”) UPDATED TRADING STATEMENT Shareholders are referred to the announcement released on the Johannesburg Stock Exchange News Service (“SENS”) and Regulatory News Service (“RNS”) of the London Stock Exchange…

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Withdrawal of participation in Oil Prospecting Licence 233

Withdrawal of participation in Oil Prospecting Licence 233

SacOil shareholders (“Shareholders”) are advised that, in line with SacOil’s strategy to focus on proven resources as a basis for growth, the Company has embarked on a process of balancing and rationalising its portfolio of assets. The aim of the rationalisation is to restructure the Company’s future capital requirements – focusing on cash generative assets and low risk exploration assets.

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