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”)

DISCLOSURE OF THE ACQUISITION AND DISPOSAL OF SECURITIES

In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended, and section 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has been notified of the following movements in securities of the Company:

Newdel Holdings Limited (“Newdel”) has, in aggregate, acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by Newdel amounts to 7.42% of the total issued share capital of the Company.

Westglamry Limited (“Westglamry”) has, in aggregate, acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by Westglamry amounts to 19.60% of the total issued share capital of the Company.

Gairloch Limited (“Gairloch”) has, in aggregate, disposed of their interest in the securities of the Company, such that the total interest in the securities of the Company held by Gairloch amounts to 0.00% of the total issued share capital of the Company.

JSE Sponsor

PSG Capital Proprietary Limited

22 September 2015

For further information please contact:

SacOil Holdings Limited

Damain Matroos

+27 (0)11 463 6884

finnCap Limited (Nominated Adviser and broker)

Christopher Raggett and James Thompson

+44 (0) 20 7220 0500

FirstEnergy Capital (Financial Adviser and Joint Broker UK)

Hugh Sanderson / David van Erp

+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 / Tshepo Mophiring

+27 (0)11 447 3030