Dealing in securities by a 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: ZAE0000127460 ("SacOil") Dealing in securities by a director In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the securities by a director, is disclosed: Director: Tariro Mudzimuirema Transaction date: 2 July 2014 Number of share options: 2 500 000 Price per share option: 52.8 cents Transaction value: R1 320 000 Nature of transaction: Grant and acceptance of share options in terms of the SacOil Share Option Scheme (off market) Vesting periods: 50% on or after 2 July 2014 25% on or after the first anniversary date being 2 July 2015 25% on or after the second anniversary date being 2 July 2016 Extent of interest: Direct beneficial Written clearance obtained: Yes Johannesburg 2 July 2014 Sponsor Nedbank Capital For further information please contact: SacOil Holdings Limited Tariro Mudzimuirema +27 (0)11 575 7232 Nedbank Capital, a division of Nedbank Limited +27 (0) 11 294 3524 (Investment 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: 02/07/2014 11:11:00 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.