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Sacoil Holdings Limited - Results Of Agm

Release Date: 30/11/2012 12:00:00      Code(s): SCL     
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 Group?)

                          Results of annual general meeting and shareholder update

Shareholders are referred to the notice of the annual general meeting ("AGM") attached to the integrated
annual report for the year ended 28 February 2012, posted to Shareholders on 31 August 2012.

Shareholders are advised that at the AGM held today, all the ordinary and special resolutions tabled were
approved by the requisite majority of votes required from Shareholders present in person or represented
by proxy, except for the following which were not approved by the requisite majority:

    -   ordinary resolution number 5, relating to the endorsement of SacOil remuneration policy;
    -   ordinary resolution number 7, relating to the general authority to issue shares for cash; and
    -   special resolution number 2, relating to the remuneration of non-executive directors.

All of the special resolutions passed at the AGM will be filed with, and registered where required, by the
Companies and Intellectual Property Commission.

A shareholder update was presented by Robin Vela, CEO of SacOil, at the annual general meeting and this
presentation is now available on SacOil?s website (www.sacoilholdings.com)

30 November 2012
ENDS

JSE Sponsor
Nedbank Capital


For further information please contact:

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

FirstEnergy 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 (Investor Relations SA)
Vanessa Ingram/ Lynne Bothma                                     +27 (0) 11 447 2993

The Riverbed Agency (Press Relations SA)
Raphala Mogase                                                   +27 (0) 11 783 7903

Pelham Bell Pottinger (Press Relations UK)
Philip Dennis                                                    +44 (0) 20 7861 3919
Rollo Crichton-Stuart                                            +44 (0) 20 7861 3918

Date: 30/11/2012 12:00:00 Supplied by www.sharenet.co.za                     
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