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Dealings in Securities

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”)

Dealings in Securities

In compliance with rule 3.63 of the JSE Limited (“JSE”) Listings Requirements the following information relating to dealing by an associate of a director in ordinary shares of no par value in the Company (“Ordinary Shares”) was disclosed to SacOil on 16 August 2011:

Name: Carey Linnell

Name of company: SacOil Holdings Limited

Position: Immediate family of Richard Linnell

Non-executive Chairman

Date of trade: 15 August 2011

Number and price of securities: 30 000 at R0.59

Class: Ordinary Shares

Price: R0.86

Total value of the transaction: R 20 700.00

Nature of Transaction: Purchase on the open market

Extent of interest: Direct beneficial

17 August 2011

Sponsor

Standard Bank

For further information please contact

Nominated Adviser and Joint Broker

finnCap Limited

Matthew Robinson/Ed Frisby

+44 (0) 20 7600 1658

Joint Broker

Shore Capital Stockbrokers Limited

Jerry Keen/Dru Danford

+44 (0) 20 7408 4090

Tavistock (Public Relations UK)

Edward Portman / Jos Simson

+44 (0) 20 7920 3150

The Riverbed Agency (Public Relations SA)

Raphala Mogase/Bongiwe Moeli

+27 (0) 11 783 7903

Additional information on SacOil can be found at www.sacoilholdings.com

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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.