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Appointment of Finance Director

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06 Dec 2012

SacOil, the African independent upstream oil & gas company, is pleased to announce the appointment of Roger Rees as Finance Director of SacOil with immediate effect. Roger has extensive public company experience, having been Group Finance Director for 11 years of Murray & Roberts Holdings Limited, one of South Africa's leading construction and engineering companies listed on the JSE.

He was Chairman of Murray & Roberts International from 2000 to 2011 and also previously a director and deputy Chairman of Clough Limited, an ASX listed oil and gas engineering company. Roger is a qualified Chartered Accountant. He spent his early career with Arthur Andersen, initially in London and then Johannesburg. He also has significant international experience in acquisitions and disposals, due diligence and corporate finance. Further information required to be disclosed by the AIM Rules is provided below.