SacOil Holdings Limited Withdrawal of cautionary announcement (3876K)

TIDMSAC

RNS Number : 3876K

SacOil Holdings Limited

21 August 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 Company")

21 August 2012

Johannesburg

Withdrawal of cautionary announcement - JSE regulatory requirement

In compliance with the JSE Limited ("JSE") Listings Requirement 3.9 and with reference to various cautionary announcements, with the most recent thereof dated 9 July 2012 released 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 continues to look at specific potential transactions in the ordinary course of business.

However, in light of uncertainty regarding the date on which an acquisition could be completed the Board and management of SacOil feel it prudent to withdraw from discussions until the negotiating parties are in a position where decisions can be made decisively and rapidly.

Accordingly, shareholders are advised that caution is no longer required to be exercised when dealing in the Company's securities.

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 
 
   First Energy 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 (SA) 
   Vanessa Ingram                               +27 (0) 11 447 2993 
   Lynne Bothma 
 
   The Riverbed Agency (SA) 
   Raphala Mogase                               +27 (0) 11 783 7903 
 Pelham Bell Pottinger (UK) 
 Philip Dennis                                +44 (0) 20 7861 3919 
 Nick Lambert                                 +44 (0) 20 7861 3936 
 Rollo Crichton-Stuart                        +44 (0) 20 7861 3918

This information is provided by RNS

The company news service from the London Stock Exchange

END

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