Sharenet Sites 
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SCL - SACoil Holdings Limited - Management demonstrates confidence by increasing their interest in SACoil 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") MANAGEMENT DEMONSTRATES CONFIDENCE BY INCREASING THEIR INTEREST IN SACOIL Members of SacOil`s executive management team; Chief Executive Officer: Robin Vela, Vice President Commercial: Bradley Cerff and Executive Director: Colin Bird have recently sought and been given clearance to enter into the market and buy ordinary shares of no par value in the capital of the Company ("Ordinary Shares"). Pursuant to rule 7 of the AIM Rules for Companies ("AIM Rules"), any Ordinary Shares purchased by Robin Vela and Colin Bird are subject to lock-in agreements which prohibit such Ordinary Shares from being disposed of for twelve months from 8 April 2011 being the date of admission of Ordinary Shares to trading on AIM. In compliance with rule 3.63 of the JSE Limited ("JSE") Listings Requirements and rule 17 and schedule 5 of the AIM Rules, the following information relating to dealing in Ordinary Shares by directors and executive management was disclosed to SacOil on 29 June 2011: Name: Robin Vela Name of company: SacOil Holdings Limited Position: Chief Executive Officer Date of trade: 29 June 2011 Number of securities: 100,000 Class: Ordinary shares Price: R0.88 Total value of the transaction: R88,000 Nature of Transaction: Purchase on the open market Extent of interest: Direct beneficial Relevant clearances for these transactions were provided by the Chairman of SacOil in compliance with rule 3.66 of the JSE Listings Requirements. Shareholders will be advised on further trades as they are executed. 30 June 2011 For Further Information: Sponsor Standard Bank Nominated Adviser and Joint Broker finnCap Limited Matthew Robinson/Ed Frisby +44 (0) 20 7220 1658 Joint Broker Shore Capital Stockbrokers Limited Jerry Keen/Dru Danford Tel: +44 (0) 20 7408 4090 Contacts Tavistock (Public Relations UK) Edward Portman / Jos Simson Tel: +44 (0) 20 7920 3150 The Riverbed Agency (Public Relations SA) Raphala Mogase/Bongiwe Moeli Tel: +27 (0) 11 783 7903 Additional information on SacOil can be found at www.sacoilholdings.com. Date: 30/06/2011 09:31:00 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.
