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SACOIL HOLDINGS LIMITED - Dealing in securities by a Director

Release Date: 28/06/2016 11:00:00      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 Company?)

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:                   Bradley Cerff
Status:                     Executive Director - SacOil
Transaction date:           24 June 2016
Number of shares:           1 000 000
Price per share (cents):    24.05
Transaction value:          R240 500.00
Type of securities:         Ordinary shares
Nature of transaction:      Purchase of shares on the open
Extent of interest:         Direct beneficial
Written clearance obtained: Yes

JSE Sponsor
PSG Capital Proprietary Limited

28 June 2016

For further information please contact:

SacOil Holdings Limited

Damain Matroos

+27 (0)10 591 2260

finnCap Limited (Nominated adviser and broker)

Christopher Raggett / James Thompson

+44 (0) 20 7220 0500

FirstEnergy Capital (Joint broker)

Hugh Sanderson / David van Erp

+44 (0) 20 7448 0200

Buchanan (Financial PR adviser) - UK
Ben Romney / Chris Judd / Madeleine Seacombe

+44 (0)20 7466 5000

Hill + Knowlton Strategies (Financial PR adviser) - SA

Craig Atherfold / Eva Khosa

+27 11 463 2198


SacOil is a South African based independent African oil and gas
company, dual-listed on the JSE and AIM. The Company has a diverse
portfolio of assets spanning production in Egypt; exploration and
appraisal in the Democratic Republic of Congo, Malawi and Botswana;
and midstream and downstream projects including a crude trading
allocation in Nigeria and a terminal project in Equatorial Guinea.
Our focus as a Group is on delivering energy for the African
continent by using Africa?s own resources to meet the significant
growth in demand expected over the next decade.

Date: 28/06/2016 11:00:00 Supplied by www.sharenet.co.za                     
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