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In accordance with paragraph 3.4 (b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period.

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”) Update on the Company’s interests in OPL 281 The Company refers its shareholders to previous communication relating to its contractual interests in relation to the Oil Prospecting Licence…

SacOil, the African independent upstream Oil & Gas company, is pleased to announce the appointment of Dr Thabo Kgogo as the Chief Executive Officer of SacOil with effect from 1 June 2014. Mr Roger Rees, currently Acting Chief Executive Officer, will step down from his position on the same date.

Dr Thabo Kgogo has more than 12 years’ experience in the oil and gas industry ranging from exploration, appraisal and development projects in upstream. He joins SacOil from PetroSA, South Africa’s national oil company, where he held the position of Vice President – Operations and recently Acting Chief Operating Officer.

Shareholders are referred to the cautionary announcement published on 24 February 2014 and are advised that SacOil and The Public Investment Corporation (SOC) Limited (“PIC”) have now entered into a Memorandum of Understanding (“MoU”) dated 31 March 2014 with The Instituto De Gestão Das Participações Do Estado (“IGEPE”). IGEPE is an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique in commercial ventures. SacOil is a South African based independent African oil and gas company listed on the JSE and AIM (JSE: SCL / AIM: SAC).

SacOil, the South African based independent African oil and gas company listed on the JSE and AIM (JSE: SCL / AIM: SAC), is pleased to provide the following update on its on-going operational activities in Nigeria and Malawi.

Satisfactory progress has been made across the existing portfolio of exploration and appraisal assets. The Company also continues to evaluate a number of opportunities to secure new value accretive acreage in established and prolific African hydrocarbon jurisdictions and basins.

Shareholders are hereby advised that the Company has entered into an expression of interest (“EoI”) dated 19 February 2014 with The Instituto De Gestão Das Participações Do Estado, an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique, and The Public Investment Corporation (SOC) Limited to investigate gas opportunities relating to the future distribution of gas in Southern Africa.