SCL - Sacoil Holdings Limited - Further cautionary announcement

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")                                                     
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
In compliance with JSE Limited ("JSE") Listings Requirement 3.9 and with        
reference to the cautionary announcement published on 2 September 2011 and the  
further cautionary announcements published on 13 October 2011, 24 November 2011,
10 January 2012, 21  February 2012 and 4 April 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 ("Shares").                                     
Accordingly, Shareholders are advised to continue to exercise caution when      
dealing in their Shares until a further announcement is made in this regard.    
22 May 2012                                                                     
Johannesburg                                                                    
JSE Sponsor                                                                     
Nedbank Capital                                                                 
For further information please contact:                                         
AIM Nominated Adviser and Joint Broker                                          
finnCap Ltd                                                                     
Matthew Robinson / Christopher Raggett         +44 (0)20 7220 0500              
                                                                                
First Energy Capital (Joint Broker UK)         +44 (0)20 7448 0200              
Majid Shafiq                                                                    
Travis Inlow                                                                    
                                                                                
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: 22/05/2012 11:30:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.