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COOPERATION AGREEMENT CONCLUDED WITH NEW PARTNERS AND THE CHINA PETROLEUM PIPELINE BUREAU FOR THE CONSTRUCTION OF THE AFRICAN RENAISSANCE GAS PIPELINE IN MOZAMBIQUE

On 8 December 2014, SacOil announced that it had entered into a Joint Development Agreement (“JDA”) with the Public Investment Corporation SOC Limited (“PIC”) and The Instituto de Gestão das Participações do Estado (“IGEPE”). The JDA set out the terms for an evaluation of the technical and commercial feasibility of the construction of a gas pipeline and distribution facility intended to carry natural gas from Mozambique’s Rovuma fields to South Africa, with off-takes to other neighbouring Southern African Development Community (“SADC”) countries (“the Project”).

SacOil announces proposed reorganisation changes to its indirect participating interest in Block III, Albertine Graben (“Block III”) in the Democratic Republic of Congo (“DRC”), currently held by its indirect subsidiary Semliki Energy SARL (“Semliki”). The reasons for the reorganisation of the ownership structure are to enable SacOil to represent its interest in Block III directly and to have direct line of sight to the activities of Block III. The impact of the reorganisation is that the assets and liabilities related to fellow Semliki shareholder, Divine Inspiration Group Proprietary Limited (“DIG”), will be retained in Semliki.

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”) COMMENCEMENT OF 2D SEISMIC DATA ACQUISITION, BLOCK III, ALBERTINE GRABEN, DEMOCRATIC REPUBLIC OF CONGO With the granting of a two-year extension to current exploration period of Block III…

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”) RESULTS OF DRILLING PROGRAMME- LAGIA OIL FIELD SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited (“Mena”), is pleased to announce an update on…

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…

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” or together with its subsidiaries “the Group”) REVIEWED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2015 Key highlights: Refund of $10 million on expiry of the 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”) COMMENCEMENT OF DRILLING OPERATIONS AND PROGRESS OF STEAM INJECTION – LAGIA OIL FIELD SacOil, through its subsidiary Mena International Petroleum Company Limited (“Mena”), is pleased to announce it…

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 TERMINATION PROCESS RELATED TO OIL PROSPECTING LICENCE 281 As previously announced to shareholders on 1 April 2015, SacOil terminated its participation with Transnational Corporation of…