SACOIL HOLDINGS LIMITED - Dealing in Securities by a Director

Dealing in Securities by a Director

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")

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:                                 Dr Thabo Kgogo
Transaction date:                         2 December 2014
Number of share options:                  5 850 000
Price per share option:                   42.17 cents
Transaction value:                        R2 466 945
Nature of transaction:                    Grant and acceptance of share
                                          options in terms of the SacOil
                                          Share Option Scheme (off market)
Vesting periods:                          one third on or after 2 December
                                          2015;
                                          one third on or after the second
                                          anniversary date being 2 December
                                          2016;
                                          one third on or after the third
                                          anniversary date being 2
                                          December 2017;
Extent of interest:                       Direct beneficial
Written clearance obtained:               Yes


Johannesburg
2 December 2014

Sponsor
PSG Capital Proprietary Limited

For further information please contact:

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

PSG Capital                                      +27 (0) 11 032 7400
(Corporate Advisor and Sponsor)
Leonard Eiser

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


Instinctif Partners London (UK Investor          +44 (0)20 7457 2020
Relations)                                  
David Simonson / Anca Spiridon

Instinctif Partners    Johannesburg   (SA        +27 (0)11 447 3030
Investor Relations)
Nicholas Williams / Fred Cornet

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