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SACOIL HOLDINGS LIMITED - Appointment of Executive Director

Release Date: 11/08/2014 14:00:00      Code(s): SCL     
(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?)

Appointment of Executive Director

SacOil is pleased to announce the formal appointment of Mr Bradley Robert Cerff as an Executive
Director of the Company with immediate effect.

Bradley joined SacOil in 2011 as Vice President of Operations, following 18 years of exploration and
production experience working primarily with PetroSA in Africa. He has managed technical and
commercial teams and upstream assets in most African oil-exploration and producing countries.

During the last three years, he has been responsible for the management and execution of work
programs relating to SacOil?s upstream assets and for the optimisation of the Company?s overall
portfolio and subsidiaries. He is also responsible for the Company?s reserves and resource
management and will continue to manage SacOil?s upstream asset portfolio. With his technical and
commercial experience, Bradley has contributed to the growth of the Company?s upstream portfolio
on the African continent.

Bradley holds an MSc degree and an MBA. He is a member of the Society of Petroleum Engineers.

Commenting on the appointment, Tito Mboweni, Chairman said ?Bradley has been closely involved
with the operations of the Company and in dealing with our key partner relationships. He has 18
years? experience in the industry and we look forward to his contribution to the board in his new

The following information in relation to Mr. Cerff?s appointment is disclosed in accordance with
Schedule Two(g) of the AIM Rules for Companies.

Mr Bradley Robert Cerff (aged 41) has been a director or partner of the following
companies/partnerships during the five years preceding the date of this announcement:

 Current Directorships                                Previous Directorships

 Themix Investments and Developments                  Ibiza Chauffeurs
 Ocean Surprise                                       Petroleum Oil And Gas Corporation of South
 Sustainable Innovations and Energy                   Africa (Namibia)
 Development                                          PetroSA Equatorial Guinea (South Africa)
                                                      PetroSA Gryphon Marin Permit
                                                      PetroSA Iris
                                                      PetroSA Themis

Bradley currently holds 110 000 shares in the capital of SacOil.
There is no further information to be disclosed pursuant to Schedule Two(g) of the AIM Rules for

11 August 2014


JSE Sponsor
Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)                  +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett

FirstEnergy Capital (Joint Broker UK)                           +44 (0) 20 7448 0200
Majid Shafiq
Travis Inlow

Pelham Bell Pottinger (UK)
Philip Dennis                                                   +44 (0) 20 7861 3919
Nick Lambert                                                    +44 (0) 20 7861 3936
Rollo Crichton-Stuart                                           +44 (0) 20 7861 3918

Date: 11/08/2014 02:00:00 Supplied by www.sharenet.co.za                     
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