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Scl - Sacoil Holdings Limited - Clarification Of Incorrect Information

Release Date: 04/08/2011 10:45:01      Code(s): SCL
SCL - Sacoil Holdings Limited - Clarification of incorrect information          
published on Bloomberg                                                          
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")                                                     
CLARIFICATION OF INCORRECT INFORMATION PUBLISHED ON BLOOMBERG                   
Sacoil would like to clarify incorrect information pertaining to the            
Company, released on Bloomberg on 27 July 2011.  The release claims             
that the Company has received interest from internationals in terms of          
the ownership of the Company and its assets.  This is incorrect.                
The Company was in fact asked whether it would consider a farm down or          
involvement of partners in its assets.  The CEO`s response was that             
there had been some interest indicated in doing so (as is normal in the         
Oil and Gas industry) but that no talks were taking place.                      
Accordingly, shareholders are advised that the Company is currently not         
involved in any discussions relating to the disposal of the Company or          
its assets.                                                                     
Johannesburg                                                                    
4 August 2011                                                                   
Sponsor                                                                         
Standard Bank                                                                   
Nominated Adviser and Joint Broker                                              
finnCap Limited                                                                 
Matthew Robinson/Ed Frisby                                                      
+44 (0) 20 7600 1658                                                            
Joint Broker                                                                    
Shore Capital Stockbrokers Limited                                              
Jerry Keen/Dru Danford                                                          
Tel: +44 (0) 20 7408 4090                                                       
Contacts                                                                        
Tavistock (Public Relations UK)                                                 
Edward Portman / Jos Simson                                                     
Tel: +44 (0) 20 7920 3150                                                       
The Riverbed Agency (Public Relations SA)                                       
Raphala Mogase/Bongiwe Moeli                                                    
Tel: +27 (0) 11 783 7903                                                        
Date: 04/08/2011 10:45:01 Supplied by www.sharenet.co.za                     
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