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Change in Sponsor

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”)

Change in Sponsor

In accordance with paragraph 2.6A of the JSE Listings Requirements, shareholders are advised that Nedbank Capital will no longer be acting in the capacity as Sponsor to SacOil with effect from 1 December 2014. PSG Capital Limited has been appointed as Sponsor with effect from the same date.

Johannesburg

12 November 2014

JSE Sponsor

Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)

Matthew Robinson / Christopher Raggett

+44 (0) 0 7220 0500

FirstEnergy Capital (Financial Adviser and Joint Broker UK)

Majid Shafiq / Travis Inlow

+44 (0) 20 7448 0200

Instinctif Partners London (UK Investor Relations)

David Simonson / Anca Spiridon

+44 (0)20 7457 2020

Instinctif Partners Johannesburg (SA Investor Relations)

Nicholas Williams / Fred Cornet

+27 (0)11 447 3030

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IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES

If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.

Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.