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Dealings in Securities

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11 May 2011

SACOIL HOLDINGS LIMITED
(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 paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited ("JSE"), and pursuant to the admission of SacOil to the AIM Market of the London Stock Exchange ("the Admission") as announced on the Securities Exchange News Service in South

Africa and on RNS in the UK, on 8 April 2011, the following information is disclosed:

Name:

Colin Bird

Name of company:

SacOil Holdings Limited

Position:

Executive director

Date of trade:

6 May 2011

Number of securities:

2,552,610

Class:

Ordinary Shares

Price:

R2.14

Total value of the transaction:

R5,462,585

Nature of Transaction:

AIM admission bonus payable in SacOil ordinary shares within 30 days of the Admission in terms of Colin Bird`s service agreement and as approved by SacOil shareholders at a general

Nature of Trade:

Off market

Extent of interest:

Direct beneficial

Name of director:

Robin Vela

Designation :

Chief executive officer

Date of transaction:

6 May 2011

Price of securities:

R2.14

Number of securities:

6,489,605

Total value:

R13,887,755

Class of securities:

Ordinary shares

Nature of transaction:

AIM admission bonus payable in SacOil ordinary shares within 30 days of the Admission in terms of Robin Vela`s service agreement and as approved by SacOil shareholders at a general meeting held on 31 March 2011

 

Nature of Trade:

Off market

Extent of interest:

Direct beneficial

Clearance to trade was given for the above director`s dealings in accordance with paragraph 3.66 of the Listings Requirements of JSE. Following this transaction, Mr Bird`s total beneficial interest in the Company is 7,852,610 ordinary shares, representing approximately 1.1 per cent of the issued share capital of Company.

Following this transaction, Mr Vela`s total beneficial interest in the Company is 11,839,196 ordinary shares, representing approximately 1.7 per cent of the issued share capital of the Company and is a beneficial holding held by Lonsa Capital (Proprietary) Limited which is controlled by Netgame Investments (Proprietary) Limited, a company that is controlled by Robin Vela.

The Company advises that an application has been made to the London Stock Exchange for a total of 9,042,215 new ordinary shares of no par value in SacOil to be admitted to trading. These shares are expected to be admitted to trading on AIM on 13 May 2011.

Details of the AIM admission bonuses payable under these service agreements were included within SacOil`s Appendix to AIM Announcement dated 8 March 2011.

11 May 2011

Sponsor

Standard Bank

For further information

Nominated Adviser and Joint Broker

finnCap Limited

Matthew Robinson/Ed Frisby

+44 (0) 20 7600 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 www.sacoilholdings.com