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Withdrawal of Cautionary Announcement

(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL AIM share code: SAC
ISIN: ZAE000127460
(“SacOil” or “the Company”)

Withdrawal of cautionary announcement – JSE regulatory requirement

In compliance with the JSE Limited (“JSE”) Listings Requirement 3.9 and with reference to various cautionary announcements, with the most recent thereof dated 9 July 2012 released 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 continues to look at specific potential transactions in the ordinary course of business.

However, in light of uncertainty regarding the date on which an acquisition could be completed, the Board and management of SacOil feel it prudent to withdraw from discussions until the negotiating parties are in a position where decisions can be made decisively and rapidly.

Accordingly, shareholders are advised that caution is no longer to be exercised when dealing in the Company’s securities.

21 August 2012

JSE Sponsor
Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)
Matthew Robinson / Christopher Raggett

+44 (0) 20 7220 0500

First Energy Capital (Joint Broker UK)
Majid Shafiq / Travis Inlow

+44 (0) 20 7448 0200

GMP Securities Europe LLP (Joint Broker UK)
James Pope / Chris Beltgens

+44 (0) 20 7647 2800

Keyter Rech Investor Solutions (SA)
Vanessa Ingram / Lynne Bothma

+27 (0) 11 447 2993

The Riverbed Agency (SA)
Raphala Mogase

+27 (0) 11 783 7903

Pelham Bell Pottinger (UK)
Philip Dennis
Nick Lambert
Rollo Crichton-Stuart

+44 (0) 20 7861 3919
+44 (0) 20 7861 3936
+44 (0) 20 7861 3918


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