Results of 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 general meeting SacOil shareholders are referred to the notice of general meeting attached to the circular posted to Shareholders on 8 May 2013 (“the Circular”). Capitalised terms in this announcement shall have the same meaning given to them in the Circular, unless the context indicates otherwise. Shareholders are advised that, at the General Meeting held today, all the ordinary and special resolutions tabled were approved by the requisite majority of votes required from Shareholders present in person or represented by proxy, except for the following which were not approved by the requisite majority: - special resolution number 1, relating to the Specific Issue; and - special resolution number 2, relating to the remuneration of the non-executive Directors of SacOil. All of the special resolutions passed at the General Meeting will be filed with, and registered where required, by the Companies and Intellectual Property Commission. Johannesburg 30 May 2013 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 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: 30/05/2013 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.