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 securities by a director, is disclosed:

Director: Bradley Cerff

Status: Executive Director – SacOil

Transaction date: 28 May 2015

Number of share: 400 000

Price per share: 24 cents

Transaction value: R96 000

Type of securities: Ordinary shares

Nature of transaction: Purchase of shares on the open market

Extent of interest: Direct beneficial

Written clearance obtained: Yes

JSE Sponsor

PSG Capital Proprietary Limited

29 May 2015

For further information please contact:

SacOil Holdings Limited +27 (0)10 591 2260

finnCap Limited (Nominated Adviser and +44 (0) 20 7220 0500

Broker)

Christopher Raggett

FirstEnergy Capital (Financial Adviser +44 (0) 20 7448 0200

and Joint Broker UK)

Travis Inlow

Instinctif Partners London (UK Investor +44 (0)20 7457 2020

Relations)

David Simonson / Anca Spiridon

Instinctif Partners Johannesburg (SA +27 (0)11 447 3030

Investor Relations)

Nicholas Williams / Tshepo Mophiring