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Approval of three onshore Petroleum Prospecting Licences in Botswana

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”)

Approval of three onshore Petroleum Prospecting Licences in Botswana

SacOil Holdings Limited, the African independent upstream oil and gas company, is pleased to announce that its Botswana subsidiary, Transfer Holdings (Proprietary) Limited, has been advised by the Botswana Department of Mines that three exploration licences were duly approved by the Honourable Onkokame Kitso Mokaila, Minister of Minerals, Energy and Water Resources of the Republic of Botswana and are ready for collection.

The petroleum exploration Licences Number, 123/2013, 124/2013 and 125/2013 were awarded to Transfer Holdings (Proprietary) Limited on 29 April 2013.

Johannesburg
9 May 2013

ENDS

JSE Sponsor
Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)

Matthew Robinson / Christopher Raggett

+44 (0) 20 7220 0500

FirstEnergy Capital (Joint Broker UK)

Majid Shafiq

Travis Inlow

+44 (0) 20 7448 0200

GMP Securities Europe LLP (Joint Broker UK)

James Pope

Chris Beltgens

+44 (0) 20 7647 2800

Keyter Rech Investor Solutions (SA)

Vanessa Ingram

Lynne Bothma

+27 (0) 11 447 2993

Pelham Bell Pottinger (UK)

Philip Dennis

Nick Lambert

Rollo Crichton-Stuart

+44 (0) 20 7861 3919

+44 (0) 20 7861 3936

+44 (0) 20 7861 3918


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