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Director PDMR Shareholding

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17 Aug 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: ZAE0000127460

("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 by an associate of a director in ordinary shares of no par value in the Company ("Ordinary Shares") was disclosed to SacOil on 16 August 2011:

Name:            

Carey Linnell

Name of company:

SacOil Holdings Limited

Position:

Immediate family of Richard Linnell-Non-executive Chairman

Date of trade: 

 15 August 2011

Number and price of securities:

30 000 at R0.59

Class:

Ordinary Shares

Price:

R 0.86

Total value of the transaction:

R 20 700.00

Nature of Transaction:

Purchase on the open market

Extent of interest:

Direct beneficial

17 August 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

Contacts

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