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Scl - Sacoil Holdings Limited - Further Cautionary Announcement

Release Date: 24/11/2011 09:45:01      Code(s): SCL
SCL - SACOIL Holdings Limited - Further cautionary announcement                 
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                                                                
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          
Date: 24/11/2011 09:45:01 Supplied by www.sharenet.co.za                     
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