SCL - SacOil Holdings Limited - Dealing in securities by directors

SCL - SacOil Holdings Limited - Dealing in securities by directors              
SacOil Holdings Limited                                                         
Incorporated in the Republic of South Africa                                    
Registration number: 1993/000460/06                                             
Share code: SCL                                                                 
ISIN code: ZAE000127460                                                         
("SacOil" or "the company")                                                     
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with rule 3.63 of the JSE Limited Listings Requirements, the      
following information relating to dealing in SacOil shares by directors is      
disclosed:                                                                      
Name of director:           R Vela                                              
Name of company:            SacOil Holdings Limited                             
Position:                   Chief Executive Officer                             
Date of trade:              29 October 2010                                     
Number of securities:       5 349 593                                           
Class:                      Ordinary shares                                     
Price:                      R 1.70                                              
Total value of the          R9 094 308.10                                       
transaction:                                                                    
Nature of Transaction:      Purchase                                            
Extent of interest:         Indirect beneficial                                 
The above is an on-market transaction. Clearance for these transactions was     
provided in terms of section 3.66 of the JSE Listings Requirements.             
Midrand                                                                         
1 November 2010                                                                 
Sponsor                                                                         
BDO Corporate Finance                                                           
                                                                                
                                                                                
Date: 01/11/2010 15:31:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.