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Trading Statement

(Formerly SA Mineral Resources Corporation Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
Share code: SCL ISIN: ZAE000127460


In terms of the Listing Requirements of the JSE Limited, companies are required to publish a Trading Statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period.

Shareholders are referred to previous communication notifying that the company has changed its year end from June to February; hence the difference in interim reporting dates. The board of directors of SacOil advises that its headline earnings per share for the six months ended 31 August 2009 is expected to be 0.47 cents per share as opposed to a headline loss of 0.69 cents per share as reported for the six months ended 31 December 2008, and earnings per share is expected to be 0.47 cents per share as opposed to a loss of 0.69 cents per share reported for the six months ended 31 December 2008.

The financial information contained in this Trading Statement has not been reviewed or reported on by the company`s external auditors. SacOil will release its unaudited interim results for the six months ended 31 August 2009 on or before 26 October 2009.

By order of the board


19 October 2009


Sasfin Capital (A division of Sasfin Bank Limited)

Date: 19/10/2009 11:28:24 Supplied by

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