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Dealings in Securities


(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”)

Dealings in Securities

In compliance with rule 3.63 of the JSE Limited (“JSE”) Listings Requirements and rule 17 and schedule 5 of the AIM Rules for Companies (“AIM Rules”), the following information relating to dealing in Ordinary Shares by directors and executive management was disclosed to SacOil on 4 August 2011:

Name: Colin Bird

Name of company: SacOil Holdings Limited

Position: Executive Director

Date of trade: 4 August 2011

Number of securities: 250,000

Class: Ordinary shares

Price: 5.45 UK pence/60.11* SA cents

Total value of the transaction: GBP13 625 / ZAR150 275*

Nature of Transaction: Purchase on the open market

Extent of interest: Direct beneficial

*=converted at GBP11.03 to ZAR1

Clearance for this transaction was provided by the Chairman of SacOil in compliance with rule 3.66 of the JSE Listings Requirements.

Pursuant to rule 7 of the AIM Rules, any Ordinary Shares purchased by Colin Bird are subject to lock-in agreements which prohibit such Ordinary Shares from being disposed of for twelve months from 8 April 2011 being the date of admission of Ordinary Shares to trading on AIM.


4 August 2011


Standard Bank

Nominated Adviser and Joint Broker

finnCap Limited

Matthew Robinson/Ed Frisby

+44 (0) 20 7600 1658

Joint Broker

Shore Capital Stockbrokers Limited

Jerry Keen/Dru Danford

+44 (0) 20 7408 4090

Tavistock (Public Relations UK)

Edward Portman / Jos Simson

+44 (0) 20 7920 3150

The Riverbed Agency

Raphala Mogase/Bongiwe Moeli

+27 (0) 11 783 7903


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