SAC Sacoil

TIDMSAC

RNS Number : 6972S

SacOil Holdings Limited

24 November 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")

24 November 2011

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 Thursday, 13 October 2011 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

   Raphala Mogase / Bongiwe Moeli                     +27 (0) 11 783 7903 

Public Relations (United Kingdom)

Pelham Bell Pottinger

Philip Dennis/Nick Lambert/Rollo Critchton-Stuart +44 (0)20 7861 3232

This information is provided by RNS

The company news service from the London Stock Exchange

END

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