Addendum to Notice of 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”) Addendum to Notice of Annual General Meeting Shareholders are referred to the announcement dated 12 September 2013 regarding the establishment of various Board sub-committees and the announcements dated 17 September 2013 and 23 September 2013 containing details of the Company’s annual general meeting, scheduled to be held on Friday, 29 November 2013 at 10:00 at 2nd Floor, The Gabba, Dimension Data Campus, 57 Sloane Street, Bryanston (“the Annual General Meeting”). On 23 September 2013 the Company circulated a notice of Annual General Meeting (“the Notice”) dealing with, inter alia, the election of Audit Committee members. The JSE Limited subsequently informed the Company that its Audit Committee would not be properly constituted according to the requirements of the JSE Limited Listings Requirements (“the Listings Requirements”), if Ordinary Resolution Number 3 – Election of Audit Committee Members, as contained in the Notice, was passed by the shareholders, as the Listings Requirements require an audit committee to be comprised of at least three independent non-executive directors, as recommended by the revised Code of and Report on Governance Principles for South Africa (King III). In order to ensure compliance with the Listings Requirements the Notice must be amended to include an ordinary resolution that proposes, for election as Audit Committee members, directors who meet the requirements of the Listings Requirements. Accordingly, the Company has today distributed to shareholders an addendum to the Notice, which amends Ordinary Resolution Number 3 by replacing Ignatius Sehoole, who is a non-executive director, with Vusi Pikoli, an independent non-executive director, to ensure compliance with the Listings Requirements. The date, time and location of the Annual General Meeting remain unchanged. 7 November 2013 ENDS Investment Bank, Corporate Advisor and JSE Sponsor Nedbank Capital, a division of Nedbank Limited Legal Advisor Norton Rose Fulbright South Africa Nominated Adviser and Broker finnCap Limited For further information please contact: SacOil Holdings Limited Roger Rees/ Tariro Mudzimuirema +27 (0)11 575 7232 Nedbank Capital, a division of Nedbank Limited (Investment +27 (0) 11 294 3524 Bank, Corporate Advisor and Sponsor) Michelle Benade 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: 07/11/2013 05:00:00 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.