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Dealings in Securities

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21 Jul 2011


(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


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