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Trading Statement

EFORA ENERGY 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 publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the year ended 28 February 2019 the loss per share and headline loss per share will be more than 20% compared to the loss per share and headline loss per share reported for the year ended 28 February 2018.

The financial information on which this trading statement is based has not been reviewed or reported on by the auditor of the Company. A more detailed trading statement will be released on SENS soon, while the audited results for the year ended 28 February 2019 are expected to be published on or about 31 May 2019.

Johannesburg

23 May 2019

Sponsor

PSG Capital For further information please contact:

Efora Energy Limited

Tariro Gadzikwa +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.

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IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES

If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.

Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.

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