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Sacoil Holdings Limited - Further Cautionary Announcement

Release Date: 16/03/2015 09:00:00      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 Company?)

FURTHER CAUTIONARY ANNOUNCEMENT

In compliance with JSE Limited (?JSE?) Listings Requirement
3.9 an issuer that has published a cautionary announcement
must provide updates thereon in the required manner and
within the time limits prescribed.

With reference to the cautionary announcements, the last of
which was published on 2 February 2015 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 its portfolio rationalisation, 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

PSG Capital Proprietary Limited

16 March 2015

For further information please contact:

SacOil Holdings Limited                    +27 (0)11 463 6884
Damain Matroos

finnCap Limited (Nominated Adviser and     +44 (0) 20 7220
broker)                                    0500
Christopher Raggett

FirstEnergy Capital (Financial Adviser     +44 (0) 20 7448
and Joint Broker UK)                       0200
Travis Inlow

Instinctif Partners London (UK Investor    +44 (0)20 7457
Relations)                                 2020
David Simonson / Anca Spiridon

Instinctif Partners Johannesburg (SA       +27 (0)11 447 3030
Investor Relations)
Nicholas Williams / Tshepo Mophiring

Date: 16/03/2015 09:00:00 Supplied by www.sharenet.co.za                     
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