Appointment of UK Joint Broker

SACOIL HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE share code: SCL

AIM share code: SAC

ISIN: ZAE0000127460

("SacOil" or "the Company")

Appointment of UK Joint Broker

SacOil is pleased to announce the appointment of Shore Capital Stockbrokers Limited ("Shore Capital") as the Company's joint broker in the UK with immediate effect.

Robin Vela, Chief Executive Officer said:

"Shore Capital has a strong trading presence in the London market and will help develop the liquidity of our shares on the AIM Market. We also look forward to the quality research coverage they will provide on the Company."

For further information, please contact:

Standard Bank (Sponsor)

finnCap Limited (Nominated Adviser and Joint Broker)

Matthew Robinson/Ed Frisby

Tel: +44 (0) 20 7600 1658

Shore Capital Stockbrokers Limited (Joint Broker)

Jerry Keen/Dru Danford/Toby Gibbs

Tel: +44 (0) 20 7408 4090

Deneys Reitz Inc. (Corporate legal adviser)

Tavistock (Public Relations UK)

Edward Portman / Jos Simson

Tel: +44 (0) 20 7920 3150

The Riverbed Agency (Public Relations SA)

Raphala Mogase/Bongiwe Moeli

Tel: +27 (0) 11 783 7903