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Scl - Sacoil Holdings Limited - Change To The Board Of Directors

Release Date: 15/10/2010 09:40:07      Code(s): SCL
SCL - SacOil Holdings Limited - Change to the board of directors                
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                                                
In compliance with section 3.59 of the Listing Requirements of the JSE Limited, 
the Board of Directors of SacOil ("Board") are pleased to announce the          
appointment of Colin Bird, currently an Independent Non-executive Director, to  
the Board as an Executive Director with effect from 13 October 2010.            
He is a Chartered Mining Engineer, is a Fellow of the Institute of Materials,   
Minerals and Mining and is a certified Mine Manager both in the United Kingdom  
and South Africa.                                                               
Colin is the former CEO of Jubilee Platinum plc and founder of Kiwara plc.      
Colin is well known to the London Alternative Investment Market and its         
institutional investors.                                                        
Midrand                                                                         
15 October 2010                                                                 
Sponsor                                                                         
BDO Corporate Finance                                                           
Date: 15/10/2010 09:40:07 Supplied by www.sharenet.co.za                     
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