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Trading Statement

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17 Nov 2017

EFORA ENERGY LIMITED

(Formerly SacOil Holdings Limited)

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE Share Code: EEL

ISIN:  ZAE000248258

(“Efora” or “the Company”)

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, a listed company is required to provide guidance to the market when it is satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will vary by at least 20% from the results of the previous corresponding reporting period.

Efora is currently finalising its results for the six months ended 31 August 2017. In this regard, shareholders are advised that the Company expects earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the six months ended 31 August 2017 to be at least 20% higher relative to the prior comparative period.

There is currently insufficient certainty to enable the Company to provide specific guidance on the extent of the expected improvement in both HEPS and EPS and it is anticipated that Efora will publish a more detailed trading statement in due course.

Shareholders are advised that the results for the six months ended 31 August 2017 will be released before the end of November 2017.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors.

JSE Sponsor

PSG Capital Proprietary Limited

17 November 2017

For further information please contact:

Efora Energy Limited

Damain Matroos

+27 (0)10 591 2260

Buchanan (Financial PR adviser)

Ben Romney / Chris Judd

+44 (0)20 7466 5000

About Efora

Efora Energy Limited is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo; midstream project relating to crude trading in Nigeria and material downstream distribution operations throughout Southern Africa. Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade.