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Scl - Sacoil Holdings Limited - Further Announcement In Relation To Proposed

Release Date: 09/03/2011 13:16:00      Code(s): SCL
SCL - SacOil Holdings Limited - Further announcement in relation to proposed    
admission to trading on the AIM Market of the London Stock Exchange ("AIM")     
SacOil Holdings Limited                                                         
Incorporated in the Republic of South Africa (Registration                      
number: 1993/000460/06)                                                         
Share code: SCL ISIN code: ZAE000127460                                         
("SacOil" or "the Company")                                                     
Further announcement in relation to proposed admission to trading on the AIM    
Market of the London Stock Exchange ("AIM")                                     
With reference to an announcement on Securities Exchange News Services dated 8  
March 2011, SacOil wishes to confirm that the Company will not be listing any   
new shares upon admission to trading on AIM. Its existing shares in issue of 674
090 410 are expected to be admitted to AIM on or about 8 April 2011 thereby     
allowing foreign investors to trade in SacOil ordinary shares on AIM. The issued
shares of the Company remain 674 090 410 and will remain unchanged when both    
listed on the JSE Limited and admitted to trading on AIM.                       
Bryanston                                                                       
9 March 2011                                                                    
Sponsor                                                                         
BDO Corporate Finance                                                           
Contacts                                                                        
SacOil                                                                          
Robin Vela, Chief Executive Officer                                             
Tel : +27 (0) 11 575 7232                                                       
Tavistock (Public Relations UK)                                                 
Jonathan Charles / Jos Simson                                                   
Tel: +44 (0) 20 7429 6666                                                       
The Riverbed Agency (Public Relations SA)                                       
Raphala Mogase                                                                  
Tel: +27 (0) 11 783 7903                                                        
Date: 09/03/2011 13:16:00 Supplied by www.sharenet.co.za                     
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