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Trading Statement

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27 May 2009

SACOIL HOLDINGS LIMITED  
(Formerly SA Mineral Resources Corporation Limited)  
(Incorporated in the Republic of South Africa)  
(Registration number 1993/000460/06)  
Share code: SCL    
ISIN: ZAE000127460
("SacOil")

TRADING STATEMENT

In terms of the Listing Requirements of the JSE Limited, companies are required to publish a Trading Statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period.

The board of directors of SacOil advises that its headline loss per share for the eight months ended 28 February 2009 is expected to be 8, 66 cents per share as opposed to 5, 68 cents per share as reported for the period ended 30 June 2008, and loss per share is expected to be 8, 66 cents per share as opposed to 5, 68 cents per share reported for the period ended 30 June 2008.

The information contained in this Trading Statement has not been reviewed or reported on by the company`s external auditors. SacOil will release its reviewed provisional results for the 8 months ended 28 February 2009 on or about 29 May 2009.

By order of the board

Johannesburg

27 May 2009

Sponsor

Sasfin Capital (A division of Sasfin Bank Limited)

Date: 27/05/2009 14:57:46 Supplied by www.sharenet.co.za

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