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Extension of Agreements – Acquisition of DRC Oil Concessions

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08 Feb 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")

Extension of Agreements – Acquisition of DRC Oil Concessions

Further to the circular dated 24 October 2008, shareholders are advised that the agreements in relation to the acquisition of the DRC oil concessions by the company have been extended to 8 March 2010.

This is the last material outstanding sus pensive condition to the acquisition of the oil concessions.

8 February 2010

Sponsor

SASFIN CAPITAL