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Scl - Sacoil Holdings Limited - Management Demonstrates Confidence By Increasing

Release Date: 30/06/2011 09:31:00      Code(s): SCL
SCL - SACoil Holdings Limited - Management demonstrates confidence by increasing
their interest in SACoil                                                        
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")                                                     
MANAGEMENT DEMONSTRATES CONFIDENCE BY INCREASING THEIR INTEREST IN SACOIL       
Members of SacOil`s executive management team; Chief Executive Officer: Robin   
Vela, Vice President Commercial: Bradley Cerff and Executive Director: Colin    
Bird have recently sought and been given clearance to enter into the market and 
buy ordinary shares of no par value in the capital of the Company ("Ordinary    
Shares"). Pursuant to rule 7 of the AIM Rules for Companies ("AIM Rules"), any  
Ordinary Shares purchased by Robin Vela and 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.                                                                 
In compliance with rule 3.63 of the JSE Limited ("JSE") Listings Requirements   
and rule 17 and schedule 5 of the AIM Rules, the following information relating 
to dealing in Ordinary Shares by directors and executive management was         
disclosed to SacOil on 29 June 2011:                                            
Name:                              Robin Vela                                   
Name of company:                   SacOil Holdings Limited                      
Position:                          Chief Executive Officer                      
Date of trade:                     29 June 2011                                 
Number of securities:              100,000                                      
Class:                             Ordinary shares                              
Price:                             R0.88                                        
Total value of the transaction:    R88,000                                      
Nature of Transaction:             Purchase on the open market                  
Extent of interest:                Direct beneficial                            
Relevant clearances for these transactions were provided by the Chairman of     
SacOil in compliance with rule 3.66 of the JSE Listings Requirements.           
Shareholders will be advised on further trades as they are executed.            
30 June 2011                                                                    
For Further Information:                                                        
Sponsor                                                                         
Standard Bank                                                                   
Nominated Adviser and Joint Broker                                              
finnCap Limited                                                                 
Matthew Robinson/Ed Frisby                                                      
+44 (0) 20 7220 1658                                                            
Joint Broker                                                                    
Shore Capital Stockbrokers Limited                                              
Jerry Keen/Dru Danford                                                          
Tel: +44 (0) 20 7408 4090                                                       
Contacts                                                                        
Tavistock (Public Relations UK)                                                 
Edward Portman / Jos Simson                                                     
Tel: +44 (0) 20 7920 3150                                                       
The Riverbed Agency (Public Relations SA)                                       
Raphala Mogase/Bongiwe Moeli                                                    
Tel: +27 (0) 11 783 7903                                                        
Additional information on SacOil can be found at www.sacoilholdings.com.        
Date: 30/06/2011 09:31:00 Supplied by www.sharenet.co.za                     
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