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Appointment of UK Joint Broker

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25 May 2011


(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”)

Appointment of UK Joint Broker

SacOil is pleased to announce the appointment of Shore Capital Stockbrokers Limited ("Shore Capital") as the Company`s joint broker in the UK with immediate effect. Robin Vela, Chief Executive Officer said: "Shore Capital has a strong trading presence in the London market and will help develop the liquidity of our shares on the AIM Market. We also look forward to the quality research coverage they will provide on the Company."

25 May 2011


Standard Bank

For further information:

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