Sharenet Sites 
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SCL - SacOil Holdings Limited - Issue of shares for cash to Ya Global Masters Spv Ltd SacOil Holdings Limited Incorporated in the Republic of South Africa Registration number: 1993/000460/06 Share code: SCL ISIN code: ZAE000127460 ("SacOil") 7 December 2010 Johannesburg ISSUE OF SHARES FOR CASH TO YA GLOBAL MASTERS SPV LTD ("YA") SacOil shareholders ("Shareholders") are advised that further to the general meeting of Shareholders which was held on Thursday, 17 November 2011 ("general meeting") and the passing of a special resolution relating to a specific authority to issue up to a maximum of 339 390 036 SacOil ordinary shares ("Shares") over a three year period ending November 2014 ("Specific Issue"), 14 318 181 Shares (the "SEDA Shares") have been issued to YA at a price of R0,44 per Share pursuant to the terms of the Standby Equity Distribution Agreement dated 12 October 2011. Application has been made to the JSE Limited ("JSE") to grant a listing of the SEDA Shares and to the London Stock Exchange for the admission of the SEDA Shares to trading on the AIM Market. The listing of the SEDA Shares on the JSE and the admission of the SEDA Shares to trading on AIM are expected to take place on Tuesday, 13 December 2011. The proceeds of the issue of the SEDA Shares will be utilised to repay short term debt. JSE Sponsor The Standard Bank of South Africa Limited For further information please contact: AIM Nominated Adviser and Joint Broker finnCap Ltd Matthew Robinson / Christopher Raggett +44 (0)20 7220 0500 Joint Broker (United Kingdom) Shore Capital Stockbrokers Ltd Jerry Keen / Bidhi Bhoma +44 (0)20 7408 4090 Public Relations (South Africa) The Riverbed Agency (SA) Raphala Mogase / Bongiwe Moeli +27 (0) 11 783 7903 Public Relations (United Kingdom) Pelham Bell Pottinger (UK) Philip Dennis/Rollo Critchton-Stuart +44 (0)20 7861 3232 Date: 07/12/2011 09:10:35 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.
