Resignation of Non-executive 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: ZAE000127460 (“SacOil” or “the Company”) Resignation of non-executive director In compliance with rule 3.59(b) of the Listings Requirements of the JSE Limited, shareholders of the Company are hereby advised that after six years as part of the SacOil board of directors ("the Board"), Mr Gontse Moseneke indicated today that he will not offer himself for re-election as non-executive director at the Annual General Meeting (“AGM”) of SacOil held today. Ordinary resolution 3.1, as per the AGM notice sent to shareholders on 31 August 2015, was withdrawn at the AGM following Mr Moseneke’s decision. Mr Tito Mboweni, the Chairman of the Board said: "Mr Moseneke has been a wonderful asset to the Board and I would like to thank him for his outstanding contributions to the development of SacOil. I wish Gontse much success in the future and thank him for the years of service to SacOil." The results of the AGM will be issued on 2 October 2015. JSE Sponsor PSG Capital Proprietary Limited 1 October 2015 For further information please contact: SacOil Holdings Limited +27 (0)10 591 2260 Damain Matroos finnCap Limited (Nominated Adviser and +44 (0) 20 72200500 broker) Christopher Raggett and James Thompson FirstEnergy Capital (Financial Adviser +44 (0) 20 7448 0200 and Joint Broker UK) Date: 01/10/2015 05:30:00 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.