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Scl - Sacoil Holdings Limited - Change To The Board Of Directors And Dealing In

Release Date: 10/08/2010 17:31:01      Code(s): SCL
SCL - SacOil Holdings Limited - Change to the board of directors and dealing in 
securities by directors: acceptance of share options                            
SacOil Holdings Limited                                                         
Incorporated in the Republic of South Africa                                    
Registration number: 1993/000460/06                                             
Share code: SCL                                                                 
ISIN code: ZAE000127460                                                         
("SacOil" or "the company")                                                     
CHANGE TO THE BOARD OF DIRECTORS AND DEALING IN SECURITIES BY DIRECTORS:        
ACCEPTANCE OF SHARE OPTIONS                                                     
Change to the board of directors                                                
In compliance with Section 3.59 of the JSE Listing Requirements, the Board of   
Directors of SacOil ("Board") are pleased to announce the appointment of Carina 
de Beer to the Board as an Executive Director, in the position of Financial     
Director, with immediate effect.                                                
Carina is a Chartered Accountant (SA) and has 11 years experience in corporate  
financial management and reporting, corporate secretarial practice as well as   
corporate governance. She is a member of the South African Institute of         
Chartered Accountants, of the Chartered Secretaries Southern Africa and of the  
Institute of Directors.                                                         
Dealings in securities by Directors: Acceptance of share options                
In compliance with Section 3.63 of the JSE Listings Requirements, the following 
information relating to dealings in SacOil shares by Directors is disclosed:    
Name of director:        R Vela                                                 
Name of company:         SacOil                                                 
Position:                Chief Executive Officer                                
Grant date:              8 July 2010                                            
Date of acceptance:      30 July 2010                                           
Number of securities:    4 198 614                                              
Class:                   Ordinary shares                                        
Option price:            R0.29                                                  
Nature of Transaction:   Grant and acceptance of share                          
                        options in terms of and subject to                      
                        the rules of the company`s Share                        
                        Option Scheme                                           
Latest exercise date:    8 July 2020                                            
Extent of interest:      Direct beneficial                                      
Name of director:        G Moseneke                                             
Name of company:         SacOil                                                 
Position:                Non-executive Director                                 
Grant date:              8 July 2010                                            
Date of acceptance:      10 August 2010                                         
Number of securities:    3 132 916                                              
Class:                   Ordinary shares                                        
Option price:            R0.29                                                  
Nature of Transaction:   Grant and acceptance of share                          
                        options in terms of and subject to                      
the rules of the company`s Share                        
                        Option Scheme                                           
Latest exercise date:    8 July 2020                                            
Extent of interest:      Direct beneficial                                      
Name of director:        C de Beer                                              
Name of company:         SacOil                                                 
Position:                Financial Director                                     
Grant date:              8 July 2010                                            
Date of acceptance:      2 August 2010                                          
Number of securities:    3 132 916                                              
Class:                   Ordinary shares                                        
Option price:            R0.29                                                  
Nature of Transaction:   Grant and acceptance of share                          
                        options in terms of and subject to                      
                        the rules of the company`s Share                        
                        Option Scheme                                           
Latest exercise date:    8 July 2020                                            
Extent of interest:      Direct beneficial                                      
The above are off-market transactions. Clearance for these transactions was     
provided in terms of Section 3.66 of the JSE Listings Requirements.             
Midrand                                                                         
10 August 2010                                                                  
Sponsor                                                                         
BDO Corporate Finance                                                           

                                                                                
Date: 10/08/2010 17:31:01 Supplied by www.sharenet.co.za                     
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