Annual Report and Notice of AGM

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")

NO CHANGE STATEMENT

Shareholders are hereby advised that SacOil's annual report, containing the audited summarised group financial statements for the year ended 28 February 2015, was dispatched to shareholders yesterday, 31 August 2015, and contains no modifications to the audited results which were announced on SENS on 21 May 2015. The annual report is also available at www.sacoilholdings.com.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting of SacOil will be held at 1st Floor, 12 Culross Road,

Bryanston, on Thursday, 1 October 2015 at 10h00 to transact the business as set out in the notice of the annual general meeting on pages 139 to 144 of the annual report.

The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Thursday, 17 September 2015, with the last day to trade being Friday, 25 September 2015.

JSE Sponsor

PSG Capital Proprietary Limited

1 September 2015

For further information please contact:

SacOil Holdings Limited +27 (0)11 463 6884

Damain Matroos

finnCap Limited (Nominated Adviser and +44 (0) 20 7220

broker) 0500

Christopher Raggett and James Thompson

FirstEnergy Capital (Financial Adviser +44 (0) 20 7448

and Joint Broker UK) 0200

Travis Inlow

Instinctif Partners London (UK Investor +44 (0)20 7457

Relations) 2020

David Simonson / Anca Spiridon

Instinctif Partners Johannesburg (SA +27 (0)11 447 3030

Investor Relations)

Nicholas Williams / Tshepo Mophiring