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Dealing in Securities by a Director

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02 Jul 2014

SACOIL HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE share code: SCL

AIM share code: SAC

ISIN: ZAE0000127460

("SacOil")

Dealing in Securities by a Director

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the securities by a director, is disclosed:

Director:

Tariro Mudzimuirema

Transaction date:

2 July 2014

Number of share options:

2 500 000

Price per share option:

52.8 cents

Transaction value:

R1 320 000

Nature of transaction:

Grant and acceptance of share options in terms of the SacOil Share Option Scheme (off market)

Vesting periods:

50% on or after 2 July 2014

25% on or after the first anniversary date being 2 July 2015

25% on or after the second anniversary date being 2 July 2016

Extent of interest:

Direct beneficial

Written clearance obtained:

Yes

Johannesburg

2 July 2014

Sponsor

Nedbank Capital

 For further information please contact:

 

SacOil Holdings Limited

Tariro Mudzimuirema

 

+27 (0)11 575 7232

Nedbank Capital, a division of Nedbank Limited (Investment Bank, Corporate Advisor and Sponsor)

Michelle Benade

 

+27 (0) 11 294 3524

finnCap Limited (Nominated Adviser and Broker)

Matthew Robinson / Christopher Raggett

 

+44 (0) 20 7220 0500

FirstEnergy Capital (Joint Broker UK)

Majid Shafiq

Travis Inlow

 

+44 (0) 20 7448 0200

Pelham Bell Pottinger (UK)

Philip Dennis

Nick Lambert

Rollo Crichton-Stuart

 

+44 (0) 20 7861 3919

+44 (0) 20 7861 3936

+44 (0) 20 7861 3918