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Management demonstrates confidence by increasing their interest in SacOil

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30 Jun 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”)

Management demonstrates confidence by increasing their interest in SacOil

Members of SacOil`s executive management team; Chief Executive Officer: Robin Vela, Vice President Commercial: Bradley Cerff and Executive Director: Colin Bird have recently sought and been given clearance to enter into the market and buy ordinary shares of no par value in the capital of the Company ("Ordinary Shares"). Pursuant to rule 7 of the AIM Rules for Companies ("AIM Rules"), any Ordinary Shares purchased by Robin Vela and Colin Bird are subject to lock-in agreements which prohibit such Ordinary Shares from being disposed of for twelve months from 8 April 2011 being the date of admission of Ordinary Shares to trading on AIM.

In compliance with rule 3.63 of the JSE Limited ("JSE") Listings Requirements and rule 17 and schedule 5 of the AIM Rules, the following information relating to dealing in Ordinary Shares by directors and executive management was disclosed to SacOil on 29 June 2011:

Name:                                                                         Robin Vela

Name of company:                                         SacOil Holdings Limited

Position:                                                          Executive Director

Date of trade:                                                             27 July 2011

Number of securities:                                                 100,000

Class:                                                               Ordinary Shares

Price:                                                               R0.88

Total value of the transaction:                       R88, 000

Nature of Transaction:                                    Purchase on the open market

Extent of interest:                                           Direct beneficial

Relevant clearances for these transactions were provided by the Chairman of SacOil in compliance with rule 3.66 of the JSE Listings Requirements. Shareholders will be advised on further trades as they are executed.

30 June 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 SacOilcan be found at www.sacoilholdings.com.