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11 Aug 2011


(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 and rule 17 and schedule 5 of the AIM Rules for Companies ("AIM Rules"), the following information relating to dealing in Ordinary Shares by directors and executive management was disclosed to SacOil on 11 August 2011:

Name:                                              Colin Bird

Name of company:                        SacOil Holdings Limited

Position:                                         Executive Director

Date of trade:                                 11 August 2011

Number of securities:                  100,000

Class:                                              Ordinary shares

Price:                                               4.50 UK pence/52.70* SA cents

Total value of the transaction:   GBP4 500 / ZAR52 695*

Nature of Transaction:                   Purchase on the open market

Extent of interest:                            Direct beneficial

*=converted at GBP11.71 to ZAR1

Clearance for this transaction was provided by the Chairman of SacOil in compliance with rule 3.66 of the JSE Listings Requirements.

Pursuant to rule 7 of the AIM Rules, any Ordinary Shares purchased by 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.


11 August 2011


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