Completion 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”) COMPLETION OF 2D SEISMIC DATA ACQUISITION, BLOCK III, ALBERTINE GRABEN, DEMOCRATIC REPUBLIC OF CONGO SacOil is pleased to announce that Total E&P RDC (“Total”) operator of Block III, has finalised the acquisition of the 2D seismic survey over the northern part of the Block III area. The operator successfully completed the acquisition of 244km of 2D seismic data and currently the seismic acquisition contractor is in the process of demobilisation. As reported previously, the seismic survey did not encroach on the Virunga National Park. The next step will be to process and interpret the seismic data, and integrate the results with the previously acquired gravity and magnetic data. This 2D seismic acquisition program is in fulfilment of the minimum work program obligations. SacOil holds a 12.5% effective interest in Block III. Johannesburg 21 June 2016 JSE Sponsor PSG Capital Proprietary Limited For further information please contact: SacOil Holdings Limited Bradley Cerff +27 (0)10 591 2260 finnCap Limited (Nominated Adviser and broker) Christopher Raggett and James Thompson +44 (0) 20 7220 0500 FirstEnergy Capital (Joint broker) Hugh Sanderson / David van Erp +44 (0) 20 7448 0200 Buchanan (Financial PR adviser) - UK Ben Romney / Chris Judd / Madeleine Seacombe +44 (0)20 7466 5000 Hill + Knowlton Strategies (Financial PR adviser) - SA Craig Atherfold / Eva Khosa +27 11 463 2198 ABOUT SACOIL SacOil is a South African based independent African oil and gas company, dual-listed on the JSE and AIM. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo, Malawi and Botswana; and midstream and downstream operations. The company continues to evaluate industry opportunities throughout Africa as it seeks to establish itself as a leading, full-cycle pan-African oil and gas company. Date: 21/06/2016 08:00:00 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.