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Renewal of cautionary announcement

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”)

Renewal of cautionary announcement

Further to the cautionary announcement published on SENS on 7 December 2010 and announcements made on 25 June, 26 July, 3 September and 30 September 2010, SacOil shareholders are advised that the company is still considering various proposals and potential transactions, which if successfully concluded, may have a material effect on the price of SacOil’s securities. Accordingly, SacOil shareholders are advised to continue to exercise caution when dealing in the company’s securities until a full announcement in this regard is made.

Midrand

18 January 2011

Sponsor

BDO Corporate Finance

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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.