DISCLOSURE OF ACQUISITION & DISPOSAL OF SECURITIES

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")

DISCLOSURE OF THE ACQUISITION AND DISPOSAL OF SECURITIES

In accordance with section 122 (3)(b) of the Companies Act No. 71 of 2008, as amended, and section 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has been notified of the following movements in securities of the Company:

Newdel Holdings Limited ("Newdel") has, in aggregate, acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by Newdel amounts to 7.42% of the total issued share capital of the Company.

Westglamry Limited ("Westglamry") has, in aggregate, acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by Westglamry amounts to 19.60% of the total issued share capital of the Company.

Gairloch Limited ("Gairloch") has, in aggregate, disposed of their interest in the securities of the Company, such that the total interest in the securities of the Company held by Gairloch amounts to 0.00% of the total issued share capital of the Company.

JSE Sponsor

PSG Capital Proprietary Limited

23 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

Hugh Sanderson / David van Erp

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