EFORA ENERGY LIMITED - Trading statement

Trading statement

EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
("the Company" or together with its subsidiaries and joint
venture "the Group")

TRADING STATEMENT

In terms of paragraph 3.4(b) 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.

Six months ended 31 August 2022

The Company hereby advises that a reasonable degree of certainty exists that for the six-month
period ended 31 August 2022 ("Current Interim Reporting Period"):

-     headline earnings per share will be between 0.68 cents and 0.74 cents, representing an
      increase in the headline earnings per share of between 312% and 332% compared to the
      headline loss per share of 0.32 cents reported for the six-month period ended 31 August 2021
      ("Prior Interim Reporting Period"); and

-     earnings per share will be between a loss per share of 0.74 cents and earnings per share of
      2.16 cents, representing a decrease of between 85% and 105% compared to the earnings per
      share of 14.51 cents reported for the Prior Interim Reporting Period.

Year ended 28 February 2023

The Company further advises that a reasonable degree of certainty exists that for the year ended
28 February 2023 ("Current Annual Reporting Period"):

-     headline earnings per share will be between 0.36 cents and 0.66 cents, representing an
      increase of between 123% and 143% compared to the headline loss per share of 1.53 cents
      reported for the year ended 28 February 2022 ("Prior Annual Reporting Period"); and

-     earnings per share will be between a loss per share of 1.58 cents and earnings per share of
      2.60 cents, representing a decrease of between 88% and 108% when compared to the
      earnings per share of 20.87 cents reported for the Prior Annual Reporting Period.

The financial information on which this trading statement is based has not been reviewed or reported
on by the auditor of the Company. The reviewed results for the Current Interim Reporting Period and
the audited results for the Current Annual Reporting Period are expected to be published on or about
30 April 2024.

Johannesburg
26 April 2024

Sponsor
PSG Capital
For further information please contact:

Efora Energy Limited
Darrin Arendse
+27 (0)10 591 2260

Date: 26-04-2024 10:56:00
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