Sacoil : Dealing in securities by a director

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')

Dealing in securities by a director

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the securities by a director, is disclosed:

Director:	Bradley Cerff
Status:	Executive Director - SacOil
Transaction date:	24 June 2016
Number of shares:	1 000 000
Price per share (cents):	24.05
Transaction value:	R240 500.00
Type of securities:	Ordinary shares
Nature of transaction:	Purchase of shares on the open market
Extent of interest:	Direct beneficial
Written clearance obtained:	Yes

JSE Sponsor

PSG Capital Proprietary Limited

28 June 2016

For further information please contact:

SacOil Holdings Limited

Damain Matroos

[phone]

finnCap Limited (Nominated adviser and broker)

Christopher Raggett / James Thompson

[phone]

FirstEnergy Capital (Joint broker)

Hugh Sanderson / David van Erp

[phone]

Buchanan (Financial PR adviser) - UK

Ben Romney / Chris Judd / Madeleine Seacombe

[phone]

Hill + Knowlton Strategies (Financial PR adviser) - SA

Craig Atherfold / Eva Khosa

[phone]

ABOUT SACOIL

SacOil is a South African based independent African oil and gas company, dual-listed on the JSE and AIM. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo, Malawi and Botswana; and midstream and downstream projects including a crude trading allocation in Nigeria and a terminal project in Equatorial Guinea. 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.