Finalisation Announcement for Name Change and Share Consolidation SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE Share Code: SCL ISIN: ZAE000127460 (“SacOil” or “the Company”) FINALISATION ANNOUNCEMENT FOR NAME CHANGE AND SHARE CONSOLIDATION Shareholders are referred to the SENS announcement released on 3 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. Shareholders are hereby advised that the Company has received confirmation of the registration of the resolutions from the Companies and Intellectual Property Commission (“CIPC”). Shareholders should take note of the dates set out below. Receive confirmation of registration by the CIPC of the special resolutions by this date Wednesday, 25 or as soon as possible thereafter October Release of finalisation announcement in respect of the Name Change and Share Thursday, 26 Consolidation on SENS October Last date to trade under the old name and in order to take part in the Share Consolidation Tuesday 7 November Expected termination date for Trading under the name of “SacOil Holdings Limited” and commencement of trading under the new name “Efora Energy Limited”, under share code EEL Short name Efora and ISIN ZAE000248258 and with the new capital structure following the Share Consolidation from the commencement of Wednesday 8 trade November Announcement of fraction rate to be released Thursday, 9 on SENS November Record date in respect of the Name Change and Friday 10 November Share Consolidation Posting of share certificates in respect of Certificated SacOil Shares following the Name Change and Share Consolidation and update of Dematerialised shareholders accounts with their CSDP and Brokers Monday, 13 November Note (1) Share certificates in the old name may not be dematerialised or rematerialised from Wednesday, 8 November 2017. JSE Sponsor PSG Capital Proprietary Limited 26 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 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: 26/10/2017 08:59:00 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.