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DISCLOSURE OF THE ACQUISITION AND DISPOSAL OF SECURITIES

In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended, and section 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has been notified of the following movements in securities of the Company:

Newdel Holdings Limited (“Newdel”) has, in aggregate, acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by Newdel amounts to 7.42% of the total issued share capital of the Company.

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”) Installation of steam facilities and the drilling of up to five additional wells – Lagia Oil Field SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited…

NO CHANGE STATEMENT

Shareholders are hereby advised that SacOil’s annual report, containing the audited summarised group financial statements for the year ended 28 February 2015, was dispatched to shareholders yesterday, 31 August 2015, and contains no modifications to the audited results which were announced on SENS on 21 May 2015. The annual report is also available at www.sacoilholdings.com.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting of SacOil will be held at 1st Floor, 12 Culross Road, Bryanston, on Thursday, 1 October 2015 at 10h00 to transact the business as set out in the notice of the annual general meeting on pages 139 to 144 of the annual report.

The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Thursday, 17 September 2015, with the last day to trade being Friday, 25 September 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: ZAE0000127460 (“SacOil”) 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…

Receipt of US$10 million associated with the expiry of OPL 233 performance bond

SacOil Holdings Limited is pleased to announce the receipt of US$10 million from Ecobank, associated with the cash collateral that secured the performance bond on OPL 233. The cash collateral was originally paid as part of SacOil and Energy Equity Resources Norway Limited’s (“EERNL”) obligations to post a performance bond on OPL 233 in April 2012. This performance bond expired on 2 May 2015.

The full refund of US$10 million was received by SacOil on 5 June 2015. Half of the US$10 million receipt is treated as a part repayment of EERNL’s outstanding loan related to OPL 233.

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…

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…