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SACOIL HOLDINGS LIMITED - Appointment of Finance Director

Release Date: 06/12/2012 09:00:00      Code(s): SCL     
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL AIM share code: SAC
ISIN: ZAE000127460
(?SacOil? or ?the Group?)

Appointment of Finance Director

SacOil, the African independent upstream oil & gas company, is pleased to announce the appointment of
Roger Rees as Finance Director of SacOil with immediate effect.

Roger has extensive public company experience, having been Group Finance Director for 11 years of
Murray & Roberts Holdings Limited, one of South Africa?s leading construction and engineering companies
listed on the JSE. He was Chairman of Murray & Roberts International from 2000 to 2011 and also
previously a director and deputy Chairman of Clough Limited, an ASX listed oil and gas engineering

Roger is a qualified Chartered Accountant. He spent his early career with Arthur Andersen, initially in London
and then Johannesburg. He also has significant international experience in acquisitions and disposals, due
diligence and corporate finance.

Further information required to be disclosed by the AIM Rules is provided below.

Commenting on the appointment, Robin Vela, CEO, said:

?We are delighted that Roger has agreed to join the Company. His international investment community
contact base and extensive experience of listed companies will prove extremely valuable as we continue to
grow the business through the further development of our assets towards monetisation?.

6 December 2012

JSE Sponsor
Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)                   +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett

FirstEnergy Capital (Joint Broker UK)                            +44 (0) 20 7448 0200
Majid Shafiq/ Travis Inlow

GMP Securities Europe LLP (Joint Broker UK)                      +44 (0) 20 7647 2800
James Pope/ Chris Beltgens

Keyter Rech Investor Solutions (Investor Relations SA)
Vanessa Ingram/ Lynne Bothma                                     +27 (0) 11 447 2993

The Riverbed Agency (Press Relations SA)
Raphala Mogase                                                   +27 (0) 11 783 7903

Pelham Bell Pottinger (Press Relations UK)
Philip Dennis                                                    +44 (0) 20 7861 3919
Rollo Crichton-Stuart                                            +44 (0) 20 7861 3918
Disclosures required under paragraph g, schedule 2 to the AIM Rules

Roger William Rees, aged 59, has held the following directorships:

Current directorships:
        Rex Trueform Limited;
        Redefine Properties Limited; and
        Ikwezi Mining Limited.

Past directorships held within the last 5 years:
        Murray & Roberts Holdings Limited; and
        Clough Limited.

Date: 06/12/2012 09:00:00 Supplied by www.sharenet.co.za                     
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