Further Cautionary Announcement 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”) FURTHER CAUTIONARY ANNOUNCEMENT In compliance with JSE Limited (“JSE”) Listings Requirement 3.9 an issuer that has published a cautionary announcement must provide updates thereon in the required manner and within the time limits prescribed. With reference to the cautionary announcements, the last of which was published on 2 February 2015 on the Stock Exchange News Service of the JSE and on the Regulatory News Service of the London Stock Exchange, SacOil shareholders (“Shareholders”) are advised that the Company is still in the process of considering its portfolio rationalisation, which, if successfully concluded, may have a material effect on the price of SacOil ordinary shares (“Shares”). Accordingly, Shareholders are advised to continue to exercise caution when dealing in their Shares until a further announcement is made in this regard. JSE Sponsor PSG Capital Proprietary Limited 16 March 2015 For further information please contact: SacOil Holdings Limited +27 (0)11 463 6884 Damain Matroos finnCap Limited (Nominated Adviser and +44 (0) 20 7220 broker) 0500 Christopher Raggett FirstEnergy Capital (Financial Adviser +44 (0) 20 7448 and Joint Broker UK) 0200 Travis Inlow Instinctif Partners London (UK Investor +44 (0)20 7457 Relations) 2020 David Simonson / Anca Spiridon Instinctif Partners Johannesburg (SA +27 (0)11 447 3030 Investor Relations) Nicholas Williams / Tshepo Mophiring Date: 16/03/2015 09:00:00 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.