SacOil Holdings Limited Dealing in securities by a director (6403Y)

TIDMSAC

RNS Number : 6403Y

SacOil Holdings Limited

02 December 2014

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")

Dealing in securities by a director

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the securities by a director, is disclosed:

   Director:                                 Dr Thabo Kgogo 
   Transaction date:                         2 December 2014 
   Number of share options:                  5 850 000 
   Price per share option:                   42.17 cents 
   Transaction value:                        R2 466 945 
   Nature of transaction:                    Grant and acceptance of share

options in terms of the SacOil

Share Option Scheme (off market)

   Vesting periods:                          one third on or after 2 December

2015;

one third on or after the second

anniversary date being 2 December

2016;

one third on or after the third

anniversary date being 2 December 2017;

   Extent of interest:                       Direct beneficial 
   Written clearance obtained:               Yes

Johannesburg

2 December 2014

Sponsor

PSG Capital Proprietary Limited

For further information please contact:

SacOil Holdings Limited

   Tariro Mudzimuirema                              +27 (0)11 575 7232 
   PSG Capital                                      +27 (0) 11 032 7400

(Corporate Advisor and Sponsor)

Leonard Eiser

   finnCap Limited (Nominated Adviser and Broker)   +44 (0) 20 7220 0500

Matthew Robinson / Christopher Raggett

   FirstEnergy Capital (Joint Broker UK)            +44 (0) 20 7448 0200

Majid Shafiq

Travis Inlow

 
 Instinctif Partners London (UK Investor 
  Relations) 
  David Simonson / Anca Spiridon               +44 (0)20 7457 2020 
 Instinctif Partners Johannesburg (SA 
  Investor Relations) 
 Nicholas Williams / Fred Cornet             +27 (0)11 447 3030

This information is provided by RNS

The company news service from the London Stock Exchange

END

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