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Legal action taken against SacOil

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22 Sep 2010


(Formerly SA Mineral Resources Corporation Limited)

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

Share code: SCL and ISIN: ZAE000127460


Legal action taken against SacOil

SacOil shareholders ("Shareholders") are referred to the previous announcement published on SENS on 15 September 2010 ("the Announcement") in which Shareholders were advised that the Company had been cited as defendant in an action instituted by one Joseph Gadifele Modibane ("the Plaintiff") in the North Gauteng High Court.

Shareholders are advised that the Company is now in receipt of a second summons from the Plaintiff citing the Company as first defendant in another action instituted in the North Gauteng High Court. In his particulars of claim the Plaintiff alleges that the content of the Announcement was defamatory of the Plaintiff and claims payment from the Company of damages in the amount of R80 000 000.

The Company believes the claim is without substance and has instructed its legal representatives, Deneys Reitz, to vigorously defend the action.


22 September 2010


BDO Corporate Finance