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SCL - SACOIL Holdings Limited - Dealings in securities

Release Date: 11/08/2011 14:30:04      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 11 August 2011:                 
Name:                                 Colin Bird                                
Name of company:                      SacOil Holdings Limited                   
Position:                             Executive Director                        
Date of trade:                        11 August 2011                            
Number of securities:                 100,000                                   
Class:                                Ordinary shares                           
Price:                                4.50 UK pence/52.70* SA cents             
Total value of the transaction:       GBP4 500 / ZAR52 695*                     
Nature of Transaction:                Purchase on the open market               
Extent of interest:                   Direct beneficial                         
*=converted at GBP11.71 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.                                              
11 August 2011                                                                  
For Further Information:                                                        
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                                                       
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: 11/08/2011 14:30:03 Supplied by www.sharenet.co.za                     
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