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SCL - SACOIL Holdings Limited - Trading statement

Release Date: 20/03/2009 07:40:02      Code(s): SCL
SCL - SACOIL Holdings Limited - Trading statement                               
SACOIL HOLDINGS LIMITED                                                         
(Formerly SA Mineral Resources Corporation Limited)                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/000460/06)                                            
Share code: SCL     ISIN: ZAE000127460                                          
("the company")                                                                 
TRADING STATEMENT                                                               
In terms of the Listing Requirements of the JSE Limited, companies are required 
to publish a Trading Statement as soon as they become reasonably certain that   
the financial results for the period to be reported on next, will differ by more
than 20% from those of the previous corresponding period.                       
The board of directors of Sacoil advises that its headline earnings per share   
for the six months ended 31 December 2008 is expected to show a 21% reduction in
the loss per share as opposed to the 0.87 cent loss per share as reported for   
the comparable period ended 31 December 2007, and earnings per share is expected
to move to a marginal loss per share from the marginal profit of 0.47 cent per  
share reported for the comparable period ended 31 December 2007.                
The information contained in this trading statement has not been reviewed or    
reported on by the company`s external auditors. Sacoil expects to release its   
interim results for the period ended 31 December 2008 on or about 26 March 2009.
By order of the board                                                           
20 March 2009                                                                   
Sasfin Capital (A division of Sasfin Bank Limited)                              
Date: 20/03/2009 07:40:02 Supplied by www.sharenet.co.za                     
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