Results of the 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”) RESULTS OF THE ANNUAL GENERAL MEETING In terms of paragraph 3.91 of the JSE Listings Requirements, shareholders are hereby advised that all the ordinary resolutions and special resolutions, as set out in the notice of the Annual General Meeting (“AGM”) save for Ordinary Resolution 3.1 which was withdrawn at the AGM, were passed by the requisite majority of shareholder votes cast by shareholders present or represented by proxy at the AGM held on 1 October 2015 at 12 Culross Road, Bryanston, South Africa. Altogether 80.65% of voteable shares in issue, being 2 637 053 320 shares, were represented at the AGM. The detailed results of the voting are as follows: % % % voted ABSTAIN AGAINST % FOR of ED of of of Number of issued issued shares shares Resolution shares voted shares shares voted voted Ordinary No. 2 637 014 487 80.65 0.01 0.00 100 1.1: Confirmation of appointment of executive director, T Kgogo Ordinary No. 2 637 014 487 80.65 0.01 0.01 99.99 1.2: Confirmation of appointment of executive director, D Matroos Ordinary No. 2 637 014 487 80.65 0.01 0.00 100 2: Reappointment of auditors, Ernst & Young Ordinary No. WITHDRAWN 3.1: Re-election of director who retires by rotation, G Moseneke Ordinary No. 2 618 839 487 80.09 0.56 0.00 100 3.2: Re-election of director who retires by rotation, I Sehoole Ordinary No. 2 637 014 487 80.65 0.01 0.69 99.31 3.3: Re-election of director who retires by rotation, V Pikoli Ordinary No. 2 637 014 487 80.65 0.01 0.00 100 4.1: Election of audit committee chairman, S Muller Ordinary No. 2 637 014 487 80.65 0.01 0.69 99.31 4.2: Election of audit committee member, V Pikoli Ordinary No. 2 637 014 487 80.65 0.01 0.069 99.31 4.3: Election of audit committee member, M Maqetuka Ordinary No. 2 637 014 487 80.65 0.01 0.7 99.3 5: Endorsement of the Company’s remuneration policy Ordinary No. 2 637 014 487 80.65 0.01 1.77 98.23 6: Approval for the general authority to directors to allot and issue authorised but unissued ordinary shares Ordinary No. 2 637 014 487 80.65 0.01 1.77 98.23 7: Approval for the general authority to issue shares for cash Ordinary No. 2 637 014 487 80.65 0.01 0.00 100 8: Approval for the authority to sign all required documentation Special No. 1: 2 637 014 487 80.65 0.01 0.00 100 Approval for the general authority to acquire / repurchase shares Special No. 2: 2 637 014 487 80.65 0.01 0.7 99.3 Approval of the remuneration of non- executive directors Special No. 3: 2 618 839 487 80.09 0.56 0.00 100 Approval of financial assistance in terms of Section 44 and 45 of the Companies Act Bryanston 2 October 2015 JSE Sponsor PSG Capital Proprietary Limited For further information please contact: SacOil Holdings Limited +27 (0)11 463 6884 Damain Matroos finnCap Limited (Nominated Adviser and +44 (0) 20 7220 0500 broker) Christopher Raggett and James Thompson FirstEnergy Capital (Financial Adviser +44 (0) 20 7448 0200 and Joint Broker UK) Hugh Sanderson / David van Erp Date: 02/10/2015 11:00:00 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.