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Scl - Sacoil Holdings Limited - Trading Statement

Release Date: 19/10/2009 11:28:24      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                                          
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.   
Shareholders are referred to previous communication notifying that the company  
has changed its year end from June to February; hence the difference in         
interim reporting dates.                                                        
The board of directors of SacOil advises that its headline earnings per         
share for the six months ended 31 August 2009 is expected to be 0.47 cents      
per share as opposed to a headline loss of 0.69 cents per share as reported     
for the six months ended 31 December 2008, and earnings per share is expected   
to be 0.47 cents per share as opposed to a loss of 0.69 cents per share         
reported for the six months ended 31 December 2008.                             
The financial information contained in this Trading Statement has not been      
reviewed or reported on by the company`s external auditors. SacOil will         
release its unaudited interim results for the six months ended 31 August        
2009 on or before 26 October 2009.                                              
By order of the board                                                           
19 October 2009                                                                 
Sasfin Capital (A division of Sasfin Bank Limited)                              
Date: 19/10/2009 11:28:24 Supplied by www.sharenet.co.za                     
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