Notice of AGM

SACOIL HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE share code: SCL

AIM share code: SAC

ISIN: ZAE0000127460

SacOil Holdings Limited

("SacOil" or the "Company")

NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

1. Posting of annual financial statement

Shareholders are advised that the annual financial statements for the year ended 28 February 2011, containing a notice of the annual general meeting of shareholders, will be distributed to shareholders (recorded in the share register on Friday, 19 August 2011), on Monday, 29 August 2011.

These annual financial statements contain no modifications to the reviewed provisional results of the Group as published on the Securities Exchange News Service of the JSE Limited and the Regulatory News Service of the London Stock Exchange on Tuesday, 24 May 2011. The annual financial statements will also be available on the Company's website at www.sacoilholdings.com.

2. Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders will be held on Thursday, 17 November 2011 at 10:00 at 2nd Floor, The Gabba, Dimension Data Campus, 57 Sloane Street, Bryanston to consider, and if deemed fit, approve the resolutions as set out in the notice of the annual general meeting.

Johannesburg

26 August 2011

Sponsor

The Standard Bank of South Africa

For further information, please contact:

SACOIL

United Kingdom Enquiries

Tavistock Communications

Jos Simson/ Ed Portman

Tel: +44 (0)20 7920 3150

South African Enquiries 

The Riverbed Agency 

Raphala Mogase

Tel: +27 (0) 11 783 7903

finnCap Ltd

(Nominated Adviser and Joint Broker to SacOil)

Matthew Robinson/Ed Frisby

Tel: +44 (0) 20 7600 1658

Shore Capital Stockbrokers Ltd

(Joint Broker)

Jerry Keen/Dru Danford

Tel: +44 (0) 20 7408 4050