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Renewal of cautionary announcement

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18 Jan 2011

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")

Renewal of cautionary announcement

Further to the cautionary announcement published on SENS on 7 December 2010 and announcements made on 25 June, 26 July, 3 September and 30 September 2010, SacOil shareholders are advised that the company is still considering various proposals and potential transactions, which if successfully concluded, may have a material effect on the price of SacOil’s securities. Accordingly, SacOil shareholders are advised to continue to exercise caution when dealing in the company’s securities until a full announcement in this regard is made.

Midrand

18 January 2011

Sponsor

BDO Corporate Finance