Licence extension for block iii, Albertine Graben, Democratic Republic Of Congo 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”) LICENCE EXTENSION FOR BLOCK III, ALBERTINE GRABEN, DEMOCRATIC REPUBLIC OF CONGO Following application to the Ministry of Hydrocarbons of the Democratic Republic of Congo (“DRC”), the joint venture partners, with Total E&P RDC as operator, were informed that the Block III licence was extended for an additional two years. With this extension, the current exploration period of Block III is extended from 27 January 2016 to 26 January 2018, which will allow more time to complete the acquisition and processing of 2D seismic data. To date, the joint venture partners have successfully completed the acquisition and processing of a gravity and magnetic survey on the northern part of the Block III area, outside the Virunga National Park. SacOil holds a 12.5% effective interest in Block III. Johannesburg 21 October 2015 JSE Sponsor PSG Capital Proprietary Limited For further information please contact: SacOil Holdings Limited +27 (0)10 591 2260 Bradley Cerff finnCap Limited (Nominated Adviser and +44 (0) 20 72200 500 broker) Christopher Raggett and James Thompson FirstEnergy Capital (Financial Adviser +44 (0) 20 74480 200 and Joint Broker UK) Hugh Sanderson / David van Erp Date: 21/10/2015 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.