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Scl - Sacoil Holdings Limited - Dealings In Securities

Release Date: 04/08/2011 13:53:00      Code(s): SCL
SCL - Sacoil Holdings Limited - Dealings 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")                                                     
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       GBP13 625 / ZAR150 275*                                
transaction:                                                                    
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                                                                   
For Further Information:                                                        
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                                                          
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: 04/08/2011 13:53:00 Supplied by www.sharenet.co.za                     
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