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Sacoil Holdings Limited - Withdrawal Of Cautionary Announcement

Release Date: 21/08/2012 08:00:00      Code(s): SCL     
(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?)

21 August 2012

        Withdrawal of cautionary announcement - JSE regulatory requirement

In compliance with the JSE Limited ("JSE") Listings Requirement 3.9 and with reference to various
cautionary announcements, with the most recent thereof dated 9 July 2012 released 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 continues to look at
specific potential transactions in the ordinary course of business.

However, in light of uncertainty regarding the date on which an acquisition could be completed the
Board and management of SacOil feel it prudent to withdraw from discussions until the negotiating
parties are in a position where decisions can be made decisively and rapidly.

Accordingly, shareholders are advised that caution is no longer required to be exercised when
dealing in the Company's securities.


JSE Sponsor
Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)                      +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett

First Energy Capital (Joint Broker UK)                              +44 (0) 20 7448 0200
Majid Shafiq
Travis Inlow

GMP Securities Europe LLP (Joint Broker UK)                         +44 (0) 20 7647 2800
James Pope
Chris Beltgens

Keyter Rech Investor Solutions (SA)                                 +27 (0) 11 447 2993
Vanessa Ingram
Lynne Bothma

The Riverbed Agency (SA)                                            +27 (0) 11 783 7903
Raphala Mogase
Pelham Bell Pottinger (UK)
Philip Dennis                +44 (0) 20 7861 3919
Nick Lambert                 +44 (0) 20 7861 3936
Rollo Crichton-Stuart        +44 (0) 20 7861 3918

Date: 21/08/2012 08:00:00 Supplied by www.sharenet.co.za                     
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