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: Dr Thabo Kgogo Transaction date: 2 December 2014 Number of share options: 5 850 000 Price per share option: 42.17 cents Transaction value: R2 466 945 Nature of transaction: Grant and acceptance of share options in terms of the SacOil Share Option Scheme (off market) Vesting periods: one third on or after 2 December 2015; one third on or after the second anniversary date being 2 December 2016; one third on or after the third anniversary date being 2 December 2017; Extent of interest: Direct beneficial Written clearance obtained: Yes Johannesburg 2 December 2014 Sponsor PSG Capital Proprietary Limited For further information please contact: SacOil Holdings Limited +27 (0)11 575 7232 Tariro Mudzimuirema PSG Capital +27 (0) 11 032 7400 (Corporate Advisor and Sponsor) Leonard Eiser 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 Instinctif Partners London (UK Investor +44 (0)20 7457 2020 Relations) David Simonson / Anca Spiridon Instinctif Partners Johannesburg (SA +27 (0)11 447 3030 Investor Relations) Nicholas Williams / Fred Cornet Date: 02/12/2014 05:15:00 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.