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Dealing in Securities by Directors

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01 Nov 2010


(Formerly SA Mineral Resources Corporation Limited)

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

Share code: SCL and ISIN: ZAE000127460


Dealing in securities by Directors

In compliance with rule 3.63 of the JSE Limited Listings Requirements, the following information relating to dealing in SacOil shares by directors is disclosed:

Name of director:                                                      R Vela

Name of company:                                                    SacOil Holdings Limited

Position:                                                                     Chief Executive Officer

Date of trade:                                                            29 October 2010

Number of securities:                                                5 349 593

Class:                                                                          Ordinary shares

Price:                                                                           R1.70

Total value of the transaction:                                R9 094 308.10

Nature of Transaction:                                              Purchase

Extent of interest:                                                     Indirect beneficial


The above is an on-market transaction. Clearance for these transactions was provided in terms of section 3.66 of the JSE Listings Requirements.



1 November 2010


BDO Corporate Finance