SACOIL HOLDINGS LIMITED - Resignation of Non-executive Director

Resignation of Non-executive 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: ZAE000127460
(“SacOil” or “the Company”)

Resignation of non-executive director

In compliance with rule 3.59(b) of the Listings Requirements of the JSE
Limited, shareholders of the Company are hereby advised that after six
years as part of the SacOil board of directors ("the Board"), Mr Gontse
Moseneke indicated today that he will not offer himself for re-election
as non-executive director at the Annual General Meeting (“AGM”) of
SacOil held today. Ordinary resolution 3.1, as per the AGM notice sent
to shareholders on 31 August 2015, was withdrawn at the AGM following Mr
Moseneke’s decision.

Mr Tito Mboweni, the Chairman of the Board said: "Mr Moseneke has been a
wonderful asset to the Board and I would like to thank him for his
outstanding contributions to the development of SacOil. I wish Gontse
much success in the future and thank him for the years of service to
SacOil."

The results of the AGM will be issued on 2 October 2015.

JSE Sponsor

PSG Capital Proprietary Limited

1 October 2015


For further information please contact:

SacOil Holdings Limited                    +27 (0)10 591 2260
Damain Matroos

finnCap Limited (Nominated Adviser and     +44 (0) 20 72200500
broker)
Christopher Raggett and James Thompson

FirstEnergy Capital (Financial Adviser     +44 (0) 20 7448 0200
and Joint Broker UK)

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