Unqualified Audit Report

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")

UNQUALIFIED AUDIT REPORT

Shareholders are advised that the independent auditors report on the Company's 28 February 2015 consolidated condensed preliminary financial statements is unqualified.

JSE Sponsor

PSG Capital Proprietary Limited

2 June 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

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