Name Change and Share Consolidation 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”) NAME CHANGE AND SHARE CONSOLIDATION Shareholders are referred to the SENS announcements released on 3 October 2017 and 5 October 2017 wherein the Company advised that the resolutions to approve the change of the name of the Company and a share consolidation were approved by the requisite number of shareholders at the Company’s Annual General Meeting and that the resolutions were lodged with the Companies and Intellectual Property Commission (“CIPC”). Shareholders are hereby advised that the Company has not received confirmation of the registration of the resolutions from CIPC. The Company will therefore publish a revised timeline for the implementation of the name change and share consolidation in due course. JSE Sponsor PSG Capital Proprietary Limited 25 October 2017 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 Corporate Advisor to Belton Park Gem Capital (Pty) Ltd +27 (0)11 684 1701 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 AfricOil, 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: 25/10/2017 09:01:00 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.