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Dealing in Securities by a Director

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22 Nov 2013

SACOIL HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06

JSE share code: SCL

AIM share code: SAC

ISIN: ZAE0000127460

("SacOil")

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:

Steve Muller

Transaction date:

22 November  2013

Number of shares:

1 200 000

Price per share

27 cents

Deemed transaction value:

R 324 000

Nature of transactions:

Purchase of shares on the open market

Extent of interest:

Direct beneficial

Written clearance obtained:

Yes

Johannesburg

22 November 2013

Sponsor

Nedbank Capital

Nominated Adviser and Broker

finnCap Limited