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Director PDMR Shareholding

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04 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 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 4 August 2011:

Name:                                                  Colin Bird

Name of company:                            SacOil Holdings Limited

Position:                                             Executive Director

Date of trade:                                     4 August 2011

Number of securities:                         250,000

Class:                                                   Ordinary shares

Price:                                                   5.45 UK pence/60.11* SA cents

Total value of the transaction:     GBP13 625 / ZAR150 275*

Nature of Transaction:                   Purchase on the open market

Extent of interest:                            Direct beneficial

*=converted at GBP11.03 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.

Johannesburg

4 August 2011

Sponsor

Standard Bank

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

Raphala Mogase/Bongiwe Moeli                                                            

+27 (0) 11 783 7903