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SCL - Sacoil Holdings Limited - Issue of Equity (AIM)

Release Date: 01/02/2012 07:05:50      Code(s): SCL
SCL - Sacoil Holdings Limited - Issue of Equity (AIM)                           
SACOIL HOLDINGS LIMITED                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/000460/06)                                            
AIM share code: SAC                                                             
JSE share code: SCL                                                             
ISIN: ZAE0000127460                                                             
31 January 2012                                                                 
SacOil Holdings Limited                                                         
("SacOil" or the "Company")                                                     
Issue of Equity (AIM)                                                           
SacOil, the independent Pan-African upstream oil and gas company, announces     
that it has raised ZAR5,000,000 by the issue of 11,111,112 new ordinary         
shares of no par value in SacOil ("Ordinary Shares") to Peregrine Securities    
Pty Ltd ("Peregrine") at a price of ZAR0.45 per Ordinary Share being a 10%      
discount to the 30 day VWAP of Ordinary Shares on 16 January 2012, the day      
prior to the signing of an irrevocable undertaking by Peregrine to subscribe    
for Ordinary Shares.                                                            
Application has been made for these Ordinary Shares to be listed on the JSE     
Limited ("JSE") and admitted to trading on the AIM Market of the London Stock   
Exchange plc and such listing and admission are expected to occur by no later   
than 1 February 2012.                                                           
For further information, please contact:                                        
JSE Sponsor                                                                     
The Standard Bank of South Africa Limited                                       
AIM Nominated Adviser and Joint Broker                                          
finnCap Ltd                                                                     
Matthew Robinson / Christopher Raggett         +44 (0)20 7220 0500              
Joint Broker (United Kingdom)                                                   
Shore Capital Stockbrokers Ltd                                                  
Jerry Keen / Bidhi Bhoma                       +44 (0)20 7408 4090              
Public Relations (South Africa)                                                 
The Riverbed Agency (SA)                                                        
Raphala Mogase / Bongiwe Moeli                +27 (0) 11 783 7903               
Public Relations (United Kingdom)                                               
Pelham Bell Pottinger (UK)                                                      
Philip Dennis/ Nick Lambert/Rollo Crichton-    +44 (0)20 7861 3232              
Date: 01/02/2012 07:05:50 Supplied by www.sharenet.co.za                     
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