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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 six month period ended 31 August 2019 the earnings per share will be between 0.2 cents per share and 1.46 cents per share compared to the loss per share of 12.63 cents per share for the six month period ended 31 August 2018.

Headline earnings per share will be between 0.22 cents per share and 1.48 cents per share compared to the headline loss per share of 12.57 cents per share for the six month period ended 31 August 2018.

The financial information on which this trading statement is based has not been reviewed or reported on by the auditor of the Company. The results for the six months ended 31 August 2019 are expected to be published on or about 29 November 2019.

Johannesburg

20 November 2019

Sponsor

PSG Capital

For further information please contact:

Efora Energy Limited

Tariro Gadzikwa

+27 (0)10 591 2260

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 in South 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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