TIDMSAC

RNS Number : 4324J

SacOil Holdings Limited

30 June 2011

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        R88,000 
  transaction: 
 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 SacOilcan be found at www.sacoilholdings.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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