TIDMSAC

RNS Number : 8421S

SacOil Holdings Limited

06 December 2012

SACOIL HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

   JSE share code: SCL     AIM share code: SAC

ISIN: ZAE000127460

("SacOil" or "the Group")

Appointment of Finance Director

SacOil, the African independent upstream oil & gas company, is pleased to announce the appointment of Roger Rees as Finance Director of SacOil with immediate effect.

Roger has extensive public company experience, having been Group Finance Director for 11 years of Murray & Roberts Holdings Limited, one of South Africa's leading construction and engineering companies listed on the JSE. He was Chairman of Murray & Roberts International from 2000 to 2011 and also previously a director and deputy Chairman of Clough Limited, an ASX listed oil and gas engineering company.

Roger is a qualified Chartered Accountant. He spent his early career with Arthur Andersen, initially in London and then Johannesburg. He also has significant international experience in acquisitions and disposals, due diligence and corporate finance.

Further information required to be disclosed by the AIM Rules is provided below.

Commenting on the appointment, Robin Vela, CEO, said:

"We are delighted that Roger has agreed to join the Company. His international investment community contact base and extensive experience of listed companies will prove extremely valuable as we continue to grow the business through the further development of our assets towards monetisation".

6 December 2012

ENDS

JSE Sponsor

Nedbank Capital

 
 
   For further information please contact: 
   finnCap Limited (Nominated Adviser 
    and Broker)                                     +44 (0) 20 7220 0500 
   Matthew Robinson / Christopher Raggett 
   FirstEnergy Capital (Joint Broker 
    UK) 
    Majid Shafiq/ Travis Inlow                      +44 (0) 20 7448 0200 
   GMP Securities Europe LLP (Joint Broker 
    UK) 
    James Pope/ Chris Beltgens                      +44 (0) 20 7647 2800 
   Keyter Rech Investor Solutions (Investor 
    Relations SA) 
    Vanessa Ingram/ Lynne Bothma 
    The Riverbed Agency (Press Relations             +27 (0) 11 447 2993 
    SA) 
    Raphala Mogase                                   +27 (0) 11 783 7903 
   Pelham Bell Pottinger (Press Relations 
    UK) 
   Philip Dennis                                    +44 (0) 20 7861 3919 
   Rollo Crichton-Stuart                            +44 (0) 20 7861 3918

Disclosures required under paragraph g, schedule 2 to the AIM Rules

Roger William Rees, aged 59, has held the following directorships:

Current directorships:

   --     Rex Trueform Limited; 
   --     Redefine Properties Limited; and 
   --     Ikwezi  Mining Limited.

Past directorships held within the last 5 years:

   --     Murray & Roberts Holdings Limited; and 
   --     Clough Limited.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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