SACOIL HOLDINGS LIMITED - Dealing in securities by a Director

Dealing in securities by a 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”)

Dealing in securities by a director

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings
Requirements, the following information, relating to the dealings
in the securities by a director, is disclosed:

Director:                   Bradley Cerff
Status:                     Executive Director - SacOil
Transaction date:           24 June 2016
Number of shares:           1 000 000
Price per share (cents):    24.05
Transaction value:          R240 500.00
Type of securities:         Ordinary shares
Nature of transaction:      Purchase of shares on the open
                            market
Extent of interest:         Direct beneficial
Written clearance obtained: Yes

JSE Sponsor
PSG Capital Proprietary Limited

28 June 2016

For further information please contact:

SacOil Holdings Limited

Damain Matroos

+27 (0)10 591 2260

finnCap Limited (Nominated adviser and broker)

Christopher Raggett / 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 projects including a crude trading
allocation in Nigeria and a terminal project in Equatorial Guinea.
Our focus as a Group is on delivering energy for the African
continent by using Africa’s own resources to meet the significant
growth in demand expected over the next decade.

Date: 28/06/2016 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.