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Dealings in 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”)

Dealings in Securities

In compliance with rule 3.63 of the JSE Limited (“JSE”) Listings Requirements, the following information relating to dealing in Ordinary Shares by directors and executive management was disclosed to SacOil on 21 July 2011:

Name: Colin Bird

Name of company: SacOil Holdings Limited

Position: Executive Director

Date of trade: 21 July 2011

Number of securities: 200,000

Class: Ordinary shares

Price: 6.25 UK pence/69.9* SA cents

Total value of the transaction: £12 500 / ZAR139 875*

Nature of Transaction: Purchase on the open market

Extent of interest: Direct beneficial

*=converted at £11.19 to ZAR1

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

21 July 2011

Sponsor

Standard Bank

For further information:

Nominated Adviser and Joint Broker

finnCap Limited

Matthew Robinson/Ed Frisby

+44 (0) 20 7220 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 (Public Relations SA)

Raphala Mogase/Bongiwe Moeli

+27 (0) 11 783 7903

Additional information on SacOil can be found at www.sacoilholdings.com

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IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES

If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.

Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.