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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: ZAE0000127460

(“SacOil”)

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:

Steve Muller

Transaction date:

22 November 2013

Number of shares:

1 200 000

Price per share

27 cents

Deemed transaction value:

R 324 000

Nature of transactions:

Purchase of shares on the open market

Extent of interest:

Direct beneficial

Written clearance obtained:

Yes

Johannesburg

22 November 2013

Sponsor

Nedbank Capital

Nominated Adviser and Broker

finnCap Limited

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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.