Further cautionary announcement (7498X)

TIDMSAC

RNS Number : 7498X

SacOil Holdings Limited

21 February 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: ZAE0000127460

("SacOil" or "the Company" or "the Group")

21 February 2012

Johannesburg

Further cautionary announcement (JSE)

In compliance with JSE Limited ("JSE") Listings Requirement 3.9 and with reference to the further cautionary announcement published on Tuesday, 10 January 2012, on the Stock Exchange News Service of the JSE and on the Regulatory News Service of the London Stock Exchange, SacOil shareholders ("Shareholders") are advised that the Company is still in the process of considering various proposals and potential transactions, which if successfully concluded, may have a material effect on the price of SacOil ordinary shares ("Shares").

Accordingly, Shareholders are advised to continue to exercise caution when dealing in their Shares until a further announcement is made in this regard.

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/ Nick Lambert/Rollo Crichton-Stuart    +44 (0)20 7861 3232

Additional information on SacOil can 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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