Commencement of 2D Seismic Data Acquisition, 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”) COMMENCEMENT OF 2D SEISMIC DATA ACQUISITION, BLOCK III, ALBERTINE GRABEN, DEMOCRATIC REPUBLIC OF CONGO With the granting of a two-year extension to current exploration period of Block III by the Minister of Hydrocarbons of the Democratic Republic of Congo (“DRC”), Total E&P RDC (“Total”) as operator of Block III, has commenced with the acquisition of a 2D seismic survey. As reported previously, the current survey design envisages the acquisition of 300 km of 2D seismic data over the northern part of the Block III area. The survey will not encroach on the Virunga National Park. This seismic acquisition program is in fulfilment of the work program obligations. SacOil holds a 12.5% effective interest in Block III. Johannesburg 17 February 2016 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 Buchanan Communications Limited +44 (0) 20 7466 5000 Ben Romney Date: 17/02/2016 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.