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Dealing in Securities by a Director

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:

Damain Matroos

Status:

Executive Director – SacOil

Transaction date:

8 December 2015

Number of share:

(1) 30 000

(2) 142 413

Price per share:

(1) 28 cents

(2) 29 cents

Transaction value:

(1) R8 400.00

(2) R41 299.77

Type of securities:

Ordinary shares

Nature of transaction:

Purchase of shares on the open market

Extent of interest:

Direct beneficial

Written clearance obtained:

Yes

Following this dealing Mr. Matroos now holds 172,413 ordinary shares of no par value in the capital of the Company representing a beneficial interest of 0.005% of the total voting rights of the Company.

JSE Sponsor

PSG Capital Proprietary Limited

9 December 2015

For further information please contact:

SacOil Holdings Limited

Bradley Cerff

+27 (0)11 463 6884

finnCap Limited (Nominated Adviser and broker)

+44 (0) 20 7220 0500

Christopher Raggett and James Thompson

FirstEnergy Capital (Joint broker)

Hugh Sanderson / David van Erp

+44 (0) 20 7448 0200

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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.