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SCL - Sacoil Holdings Limited - Dealing in Securities 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" or "the Company") DEALING IN SECURITIES In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited ("JSE"), and pursuant to the admission of SacOil to the AIM Market of the London Stock Exchange ("the Admission") as announced on the Securities Exchange News Service in South Africa and on RNS in the UK, on 8 April 2011, the following information is disclosed: Name of director: Colin Bird Designation: Executive director Date of transaction: 6 May 2011 Price of securities: R2.14 Number of ordinary shares: 2,552,610 Total value R5,462,585 Class of securities: Ordinary shares Nature of transaction: AIM admission bonus payable in SacOil ordinary shares within 30 days of the Admission in terms of Colin Bird`s
service agreement and as approved by SacOil shareholders at a general meeting held on 31 March 2011 Nature of Trade: Off market Extent of interest: Direct beneficial Name of director: Robin Vela Designation: Chief executive officer Date of transaction: 6 May 2011 Price of securities: R2.14 Number of securities: 6,489,605 Total value: R13,887,755 Class of securities: Ordinary shares Nature of transaction: AIM admission bonus payable in SacOil ordinary shares within 30 days of the Admission in terms of Robin Vela`s service agreement and as approved by
SacOil shareholders at a general meeting held on 31 March 2011 Nature of Trade: Off market Extent of interest: Direct beneficial Clearance to trade was given for the above director`s dealings in accordance with paragraph 3.66 of the Listings Requirements of JSE. Following this transaction, Mr Bird`s total beneficial interest in the Company is 7,852,610 ordinary shares, representing approximately 1.1 per cent. of the issued share capital of Company. Following this transaction, Mr Vela`s total beneficial interest in the Company is 11,839,196 ordinary shares, representing approximately 1.7 per cent. of the issued share capital of the Company and is a beneficial holding held by Lonsa Capital (Proprietary) Limited which is controlled by Netgame Investments (Proprietary) Limited, a company that is controlled by Robin Vela. The Company advises that an application has been made to the London Stock Exchange for a total of 9,042,215 new ordinary shares of no par value in SacOil to be admitted to trading. These shares are expected to be admitted to trading on AIM on 13 May 2011. Details of the AIM admission bonuses payable under these service agreements were included within SacOil`s Appendix to AIM Announcement dated 8 March 2011. Bryanston 11 May 2011 Sponsor Standard Bank Legal Adviser Deneys Reitz Inc. For further information, please contact: United Kingdom Enquiries Tavistock Communications Jos Simson/ Ed Portman Tel: +44 (0)20 7920 3150 South African Enquiries The Riverbed Agency Raphala Mogase / Bongiwe Moeli Tel: +27 (0)11 783 7903 finnCap Ltd Nominated Adviser Matthew Robinson/Ed Frisby Tel: +44 (0) 20 7600 1658 Date: 11/05/2011 08:55:01 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.
