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Dealing in Securities by a Director

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02 Dec 2014

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:

Dr Thabo Kgogo

Transaction date:

2 December 2014

Number of share options:

5 850 000

Price per share option:

42.17 cents

Transaction value:

R2 466 945

Nature of transaction:

Grant and acceptance of share options in terms of the SacOil Share Option Scheme (off market)

Vesting periods:

one third on or after 2 December 2015;

one third on or after the second anniversary date being 2 December 2016;

one third on or after the third anniversary date being 2  December 2017;

Extent of interest:

Direct beneficial

Written clearance obtained:

Yes

Johannesburg

2 December 2014

Sponsor

PSG Capital Proprietary Limited

For further information please contact:

 

SacOil Holdings Limited

Tariro Mudzimuirema

 

+27 (0)11 575 7232

PSG Capital (Corporate Advisor and Sponsor)

Leonard Eiser

 

+27 (0) 11 032 7400

finnCap Limited (Nominated Adviser and Broker)

Matthew Robinson / Christopher Raggett

 

+44 (0) 20 7220 0500

FirstEnergy Capital (Joint Broker UK)

Majid Shafiq

Travis Inlow

 

+44 (0) 20 7448 0200

Instinctif Partners London (UK Investor Relations)

David Simonson / Anca Spiridon

 

+44 (0)20 7457 2020

Instinctif Partners Johannesburg (SA Investor Relations)

Nicholas Williams / Fred Cornet

 

+27 (0)11 447 3030