SAC Sacoil

TIDMSAC

RNS Number : 7578L

SacOil Holdings Limited

04 August 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")

Dealings in securities

In compliance with rule 3.63 of the JSE Limited ("JSE") Listings Requirements and rule 17 and schedule 5 of the AIM Rules for Companies ("AIM Rules"), the following information relating to dealing in Ordinary Shares by directors and executive management was disclosed to SacOil on 4 August 2011:

 
 Name:                              Colin Bird 
 Name of company:                   SacOil Holdings Limited 
 Position:                          Executive Director 
 Date of trade:                     4 August 2011 
 Number of securities:              250,000 
 Class:                             Ordinary shares 
 Price:                             5.45 UK pence/60.11* SA cents 
 Total value of the transaction:    GBP13 625 / ZAR150 275* 
 Nature of Transaction:             Purchase on the open market 
 Extent of interest:                Direct beneficial 
 

*=converted at GBP11.03 to ZAR1

Clearance for this transaction was provided by the Chairman of SacOil in compliance with rule 3.66 of the JSE Listings Requirements.

Pursuant to rule 7 of the AIM Rules, any Ordinary Shares purchased by 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.

Johannesburg

4 August 2011

For Further Information:

Sponsor

Standard Bank

Nominated Adviser and Joint Broker

finnCap Limited

Matthew Robinson/Ed Frisby

+44 (0) 20 7600 1658

Joint Broker

Shore Capital Stockbrokers Limited

Jerry Keen/Dru Danford

Tel: +44 (0) 20 7408 4090

Contacts

Tavistock (Public Relations UK)

Jos Simson/Edward Portman

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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