Results of Annual General Meeting

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 Group")

Results of annual general meeting

Shareholders are referred to the notice of the annual general meeting ("AGM") attached to the integrated annual report for the year ended 28 February 2013, posted to Shareholders on 23 September 2013.

Shareholders are advised that at the AGM held today, all the ordinary and special resolutions tabled were approved by the requisite majority of votes required from Shareholders present in person or represented by proxy.

All of the special resolutions passed at the AGM will be filed with, and registered where required, by the Companies and Intellectual Property Commission.

29 November 2013

ENDS

JSE Sponsor

Nedbank Capital