Renewal of Cautionary Announcement SacOil Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1993/000460/06) JSE Share Code: SCL ISIN: ZAE000127460 RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement issued on 27 July 2017, SacOil’s shareholders ("Shareholders") are advised that the Company remains in advanced negotiations on an exclusive basis to acquire a South African fuels wholesaler (the “Proposed Acquisition”), that sells fuel products, namely diesel, petrol and paraffin, on a bulk basis to its customers operating within industrial markets. Accordingly, Shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made in this regard. 7 September 2017 Sponsor PSG Capital Proprietary Limited For further information please contact: SacOil Holdings Limited Damain Matroos +27 (0)10 591 2260 Buchanan (Financial PR adviser) Ben Romney / Chris Judd +44 (0)20 7466 5000 ABOUT SACOIL SacOil is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo; midstream project relating to crude trading in Nigeria and a majority interest in Afric Oil, the petroleum product wholesaler. 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. 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: 07/09/2017 11:52:00 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.