Disclosure of disposal of 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”) DISCLOSURE OF DISPOSAL OF SECURITIES In accordance with the Johannesburg Stock Exchange (“JSE”) Limited Listings Requirements and Section 122(1) of the Companies Act, No 71 of 2008, shareholders are advised that Peregrine Equities (Pty) Ltd (“Peregrine Equities”) has notified SacOil that it has disposed of a beneficial interest in securities of the Company, such that the total beneficial interest of SacOil securities held by Peregrine Equities is now 4.59% of the total issued SacOil securities. As required in terms of section 122(3)(a) of the Companies Act, SacOil has filed the required notice with the Takeover Regulation Panel. 24 October 2012 Johannesburg ENDS JSE Sponsor Nedbank Capital For further information please contact: finnCap Limited (Nominated Adviser and Broker) +44 (0) 20 7220 0500 Matthew Robinson / Christopher Raggett First Energy Capital (Joint Broker UK) +44 (0) 20 7448 0200 Majid Shafiq Travis Inlow GMP Securities Europe LLP (Joint Broker UK) +44 (0) 20 7647 2800 James Pope Chris Beltgens Keyter Rech Investor Solutions (SA) Vanessa Ingram +27 (0) 11 447 2993 Lynne Bothma 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: 24/10/2012 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.