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SCL - SacOil - Further cautionary announcement

Release Date: 21/02/2012 09:04:04      Code(s): SCL
SCL - SacOil - 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: ZAE000127460                                                              
("SacOil" or "the Company" or "the Group")                                      
21 February 2012                                                                
Further cautionary announcement (JSE)                                           
In compliance with JSE Limited ("JSE") Listings Requirement 3.9 and with        
reference to the further cautionary announcement published on Tuesday, 10       
January 2012, 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    
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                                                 
finnCap Ltd                                                                     
Matthew Robinson / Christopher                  +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 (SA)                                                        
Raphala Mogase / Bongiwe Moeli                  +27 (0) 11 783 7903             
Public Relations (United Kingdom)                                               
Pelham Bell Pottinger (UK)                                                      
Philip Dennis/ Nick Lambert/Rollo               +44 (0)20 7861 3232             
Additional information on SacOil can be found at www.sacoilholdings.com.        
Date: 21/02/2012 09:04:04 Supplied by www.sharenet.co.za                     
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