Investor Centre

SETTLEMENT AGREEMENT RELATING TO OPL 233 LEGAL DISPUTES

SacOil, a South African based independent African oil and gas company, announces the following update with regards to the legal dispute with Nigdel United Oil Company Ltd (“Nigdel”) relating to the Company’s legacy involvement in Oil Prospecting Licence (“OPL”) 233 in Nigeria.

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 INDEPENDENT NON-EXECUTIVE DIRECTOR In compliance with section 3.59 (b) of the Listings Requirements of the Johannesburg Stock Exchange (“JSE”), shareholders are advised that Mr Steve Muller…

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 DIRECTOR In compliance with section 3.59 of the Listings Requirements of the Johannesburg Stock Exchange (“JSE”), shareholders are advised that Mr Bradley Cerff has resigned as…

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”) NO CHANGE STATEMENT Shareholders are hereby advised that SacOil’s annual report, containing the audited group financial statements for the year ended 29 February 2016, was dispatched to shareholders…