Sharenet Sites 
Sharenet Sites
Quarterly update announcement
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”)
QUARTERLY UPDATE ANNOUNCEMENT
Shareholders are referred to the ongoing suspension in trading of the Company’s shares on the
Johannesburg Stock Exchange (“JSE”), which came into effect in July 2025 following the late
publication of the consolidated annual financial results for the year ended 28 February 2025 (“2025
Annual Results”). The purpose of this announcement is to provide an update on the current state
of affairs of the Company and the progress made towards achieving the reinstatement of trading in
the Company’s shares.
Shareholders are referred to the cautionary announcement released on the Stock Exchange News
Service (“SENS”) on 21 May 2026 communicating the Board’s decision to pursue provisional
liquidation in the circumstances prevailing at that time, following the termination of the transaction
then under consideration. Shareholders are advised that that decision did not itself place the
Company into liquidation and, as the Company’s circumstances subsequently evolved, the Board
continued to manage the Company’s affairs, reduce its operational commitments and consider
alternatives to provisional liquidation, including opportunities for the recapitalisation of the
Company.
Against this background, Shareholders are referred to the cautionary announcement released on
SENS on 14 August 2026, in which the Company advised that the Board had resolved to defer the
court process relating to the contemplated provisional liquidation of the Company while progressing
engagements regarding a potential transaction. The potential transaction remains subject to further
engagement.
Separately, Shareholders are referred to the announcement released on SENS on 26 August 2026
regarding the liquidation application brought against the Company by Seodi Coal (Pty) Ltd
(“Seodi”). On 25 August 2026, the High Court delivered an ex tempore order striking the application
from the urgent roll, with costs awarded against Seodi. Accordingly, no provisional liquidation order
was granted against the Company. The Company is in the process of obtaining the written order
and will advise Shareholders if any material further information arises therefrom once received.
The Company continues to progress its engagements regarding the potential transaction. The
outcome of those engagements, together with other relevant considerations, will inform the
Company’s approach to the publication of the 2025 Annual Results.
Johannesburg
28 August 2026
Sponsor
PSG Capital
For further information please contact:
Efora Energy Limited
Darrin Arendse
+27 (0)10 591 2260
Date: 28/08/2026 11:34:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
