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SACOIL HOLDINGS LIMITED - Dealing in securities by a director

Release Date: 02/07/2014 11:11:00      Code(s): SCL     
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL
AIM share code: SAC
ISIN: ZAE0000127460

Dealing in securities by a director

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following
information, relating to the dealings in the securities by a director, is disclosed:

Director:                                 Tariro Mudzimuirema
Transaction date:                         2 July 2014
Number of share options:                  2 500 000
Price per share option:                   52.8 cents
Transaction value:                        R1 320 000
Nature of transaction:                    Grant and acceptance of share options in terms
                                          of the SacOil Share Option Scheme (off market)
Vesting periods:                          50% on or after 2 July 2014
                                          25% on or after the first anniversary date being 2
                                          July 2015
                                          25% on or after the second anniversary date
                                          being 2 July 2016
Extent of interest:                       Direct beneficial
Written clearance obtained:               Yes

2 July 2014

Nedbank Capital

For further information please contact:

SacOil Holdings Limited
Tariro Mudzimuirema                                                 +27 (0)11 575 7232

Nedbank Capital, a division of Nedbank Limited                      +27 (0) 11 294 3524
(Investment Bank, Corporate Advisor and Sponsor)
Michelle Benade

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
Pelham Bell Pottinger (UK)
Philip Dennis                +44 (0) 20 7861 3919
Nick Lambert                 +44 (0) 20 7861 3936
Rollo Crichton-Stuart        +44 (0) 20 7861 3918

Date: 02/07/2014 11:11:00 Supplied by www.sharenet.co.za                     
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