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Dealing in Securities by Directors

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01 Nov 2010

SACOIL HOLDINGS LIMITED

(Formerly SA Mineral Resources Corporation Limited)

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

Share code: SCL and ISIN: ZAE000127460

("SacOil")

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.

 

Midrand

1 November 2010

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