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Trading Statement

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May 19, 2010

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”)

Trading Statement

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. The board of directors of SacOil advises that its headline earnings per share for the year ended 28 February 2010 is expected to be between 0, 85 and 1, 05 cents per share as opposed to a loss of 8, 65 cents per share as reported for the eight months ended 28 February 2009, and earnings per share is expected to be between 0, 68 and 0,74 cents per share as opposed to a loss of 8, 65 cents per share as reported for the eight months ended 28 February 2009. The information contained in this Trading Statement has not been reviewed or reported on by the company`s external auditors. SacOil will release its reviewed provision

By order of the board

Johannesburg

19 May 2010

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