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Scl - Sacoil Holdings Limited - Dealing In Securities

Release Date: 11/05/2011 08:55:01      Code(s): SCL
SCL - Sacoil Holdings Limited - Dealing in Securities                           
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")                                                     
DEALING IN SECURITIES                                                           
In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the  
JSE Limited ("JSE"), and pursuant to the admission of SacOil to the AIM Market  
of the London Stock Exchange ("the Admission") as announced on the Securities   
Exchange News Service in South Africa and on RNS in the UK, on 8 April 2011, the
following information is disclosed:                                             
Name of director:                       Colin Bird                              
Designation:                            Executive director                      
Date of transaction:                    6 May 2011                              
Price of securities:                    R2.14                                   
Number of ordinary shares:              2,552,610                               
Total value                             R5,462,585                              
Class of securities:                    Ordinary shares                         
Nature of transaction:                  AIM admission bonus payable in SacOil   
                                       ordinary shares within 30 days of the    
Admission in terms of Colin Bird`s       
                                       service agreement and as approved by     
SacOil shareholders at a general                                                
meeting held on 31 March 2011                                                   
Nature of Trade:                        Off market                              
Extent of interest:                     Direct beneficial                       
Name of director:                       Robin Vela                              
Designation:                            Chief executive officer                 
Date of transaction:                    6 May 2011                              
Price of securities:                    R2.14                                   
Number of securities:                   6,489,605                               
Total value:                            R13,887,755                             
Class of securities:                    Ordinary shares                         
Nature of transaction:                  AIM admission bonus payable in SacOil   
                                       ordinary shares within 30 days of the    
                                       Admission in terms of Robin Vela`s       
service agreement and as approved by     
SacOil shareholders at a general                                                
meeting held on 31 March 2011                                                   
Nature of Trade:                        Off market                              
Extent of interest:                     Direct beneficial                       
Clearance to trade was given for the above director`s dealings in accordance    
with paragraph 3.66 of the Listings Requirements of JSE.                        
Following this transaction, Mr Bird`s total beneficial interest in the Company  
is 7,852,610 ordinary shares, representing approximately 1.1 per cent. of the   
issued share capital of Company.                                                
Following this transaction, Mr Vela`s total beneficial interest in the Company  
is 11,839,196 ordinary shares, representing approximately 1.7 per cent. of the  
issued share capital of the Company and is a beneficial holding held by Lonsa   
Capital (Proprietary) Limited which is controlled by Netgame Investments        
(Proprietary) Limited, a company that is controlled by Robin Vela.              
The Company advises that an application has been made to the London Stock       
Exchange for a total of 9,042,215 new ordinary shares of no par value in SacOil 
to be admitted to trading. These shares are expected to be admitted to trading  
on AIM on 13 May 2011.                                                          
Details of the AIM admission bonuses payable under these service agreements were
included within SacOil`s Appendix to AIM Announcement dated 8 March 2011.       
Bryanston                                                                       
11 May 2011                                                                     
Sponsor                                                                         
Standard Bank                                                                   
Legal Adviser                                                                   
Deneys Reitz Inc.                                                               
For further information, please contact:                                        
United Kingdom Enquiries                                                        
Tavistock Communications                                                        
Jos Simson/ Ed Portman                                                          
Tel: +44 (0)20 7920 3150                                                        
South African Enquiries                                                         
The Riverbed Agency                                                             
Raphala Mogase / Bongiwe Moeli                                                  
Tel: +27 (0)11 783 7903                                                         
finnCap Ltd                                                                     
Nominated Adviser                                                               
Matthew Robinson/Ed Frisby                                                      
Tel: +44 (0) 20 7600 1658                                                       
Date: 11/05/2011 08:55:01 Supplied by www.sharenet.co.za                     
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