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Further Announcement in Relation to Proposed Admission

SACOIL HOLDINGS LIMITED

(Formerly SA Mineral Resources Corporation Limited)

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

Share code: SCL and ISIN: ZAE000127460

(“SacOil”)

Further Announcement in Relation to Proposed Admission

Further announcement in relation to proposed admission to trading on the AIM Market of the London Stock Exchange (“AIM”) With reference to an announcement on Securities Exchange News Services dated 8 March 2011, SacOil wishes to confirm that the Company will not be listing any new shares upon admission to trading on AIM. Its existing shares in issue of 674 090 410 are expected to be admitted to AIM on or about 8 April 2011 thereby allowing foreign investors to trade in SacOil ordinary shares on AIM. The issued shares of the Company remain 674 090 410 and will remain unchanged when both listed on the JSE Limited and admitted to trading on AIM.

Bryanston

9 March 2011

Sponsor

Standard Bank

For further information please contact:

Nominated Adviser and Joint Broker

finnCap Limited

Matthew Robinson/Ed Frisby

+44 (0) 20 7600 1658

Joint Broker

Shore Capital Stockbrokers Limited

Jerry Keen/Dru Danford

+44 (0) 20 7408 4090

Tavistock (Public Relations UK)

Edward Portman / Jos Simson

+44 (0) 20 7920 3150

The Riverbed Agency (Public Relations SA)

Raphala Mogase/Bongiwe Moeli

+27 (0) 11 783 7903

Additional information on SacOil can be found at www.sacoilholdings.com.

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IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES

If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.

Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.

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