SACOIL HOLDINGS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

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”)


RESULTS OF THE ANNUAL GENERAL MEETING

In terms of paragraph 3.91 of the JSE Listings Requirements,
shareholders are hereby advised that all the ordinary
resolutions and special resolutions, as set out in the notice
of the Annual General Meeting (“AGM”) save for Ordinary
Resolution 3.1 which was withdrawn at the AGM, were passed by
the   requisite  majority   of   shareholder   votes  cast   by
shareholders present or represented by proxy at the AGM held
on 1 October 2015 at 12 Culross Road, Bryanston, South Africa.

Altogether 80.65% of voteable shares in issue, being
2 637 053 320 shares, were represented at the AGM.

The detailed results of the voting are as follows:


                                      %         %       %
                                  voted   ABSTAIN AGAINST    % FOR
                                     of     ED of      of       of
                     Number of   issued    issued  shares   shares
Resolution        shares voted   shares    shares   voted    voted
Ordinary No.     2 637 014 487    80.65      0.01    0.00      100
1.1:
Confirmation
of appointment
of executive
director, T
Kgogo

Ordinary No.     2 637 014 487   80.65      0.01     0.01    99.99
1.2:
Confirmation
of appointment
of executive
director, D
Matroos

Ordinary No.     2 637 014 487   80.65      0.01     0.00      100
2:
Reappointment
of auditors,
Ernst & Young
Ordinary No.      WITHDRAWN
3.1:
Re-election of
director who
retires by
rotation, G
Moseneke

Ordinary No.     2 618 839 487   80.09      0.56    0.00       100
3.2:
Re-election of
director who
retires by
rotation, I
Sehoole

Ordinary No.     2 637 014 487   80.65      0.01    0.69      99.31
3.3:
Re-election of
director who
retires by
rotation, V
Pikoli

Ordinary No.     2 637 014 487   80.65      0.01    0.00      100
4.1:
Election of
audit
committee
chairman, S
Muller

Ordinary No.     2 637 014 487   80.65      0.01    0.69      99.31
4.2:
Election of
audit
committee
member, V
Pikoli

Ordinary No.     2 637 014 487   80.65      0.01    0.069     99.31
4.3: Election
of audit
committee
member, M
Maqetuka

Ordinary No.     2 637 014 487   80.65      0.01     0.7      99.3
5: Endorsement
of the
Company’s
remuneration
policy

Ordinary No.     2 637 014 487   80.65      0.01     1.77     98.23
6: Approval
for the
general
authority to
directors to
allot and
issue
authorised but
unissued
ordinary
shares

Ordinary No.     2 637 014 487   80.65      0.01    1.77     98.23
7: Approval
for the
general
authority to
issue shares
for cash

Ordinary No.     2 637 014 487   80.65      0.01    0.00     100
8: Approval
for the
authority to
sign all
required
documentation

Special No. 1:   2 637 014 487   80.65      0.01    0.00     100
Approval for
the general
authority to
acquire /
repurchase
shares

Special No. 2:   2 637 014 487   80.65      0.01     0.7    99.3
Approval of
the
remuneration
of non-
executive
directors

Special No. 3:   2 618 839 487   80.09      0.56    0.00     100
Approval of
financial
assistance in
terms of
Section 44 and
45 of the
Companies Act



Bryanston

2 October 2015

JSE Sponsor

PSG Capital Proprietary Limited

For further information please contact:

SacOil Holdings Limited                   +27 (0)11 463 6884
Damain Matroos

finnCap Limited (Nominated Adviser and    +44 (0) 20 7220
0500
broker)
Christopher Raggett and James Thompson

FirstEnergy Capital (Financial Adviser    +44 (0) 20 7448
0200
and Joint Broker UK)
Hugh Sanderson / David van Erp

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