RENERGEN LIMITED - High Court ruling in Tetra4s favour against NERSA

High Court ruling in Tetra4’s favour against NERSA

RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
("Renergen" or "the Company" or "the Group")


HIGH COURT RULING IN TETRA4'S FAVOUR AGAINST NERSA

Renergen is pleased to announce a landmark legal victory that brings much-needed regulatory
clarity to South Africa's petroleum sector. On 2 May 2025, the High Court of South Africa,
Gauteng Division, Pretoria ruled in favour of Tetra4's request for a declarator that the Gas Act
48 of 2001 (the "Gas Act") does not apply to any production and incidental activities related to
upstream petroleum activities, including the requirement for licensing of trading, construction
and operation of liquefaction facilities outside the Piped Gas industry. The order was granted
with costs.

On or about December 2021, Tetra4 initiated motion proceedings in the High Court of South
Africa to seek clarification on the jurisdiction of the National Energy Regulator of South Africa
("NERSA") regarding certain operational activities. This order shows that these activities fall
under the regulatory purview of the Production Right granted in accordance with the Mineral
and Petroleum Resources Development Act 28 of 2002 and resolves the ambiguity and
potential contradictions arising from disparate sets of legislation affecting Tetra4.

Notably the court found that Tetra4 does not require a NERSA licence for trading in gas (such
as methane and helium) when such trading occurs outside the piped gas industry, i.e., not
involving the national pipeline grid or downstream market regulated by NERSA. In addition,
the judgment clarified that the Gas Act regulates only hydrocarbon gases transported by
pipeline, and does not cover noble gases like helium. Thus, helium production and trading are
outside NERSA's regulatory reach.

"This judgment is a landmark win for Tetra4 and the entire upstream gas industry. It affirms
that upstream gas production and related activities, including on-site liquefaction, are outside
the scope of the Gas Act and NERSA's licensing regime, provided they do not supply the
regulated piped gas industry. This clarity reduces regulatory duplication, lowers barriers to
entry, and creates a more enabling environment for upstream gas development in South
Africa." said CEO Stefano Marani.

Johannesburg
6 May 2025

Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital

To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which can be found in the PDF version
posted on the Company's website.

www.renergen.co.za

For all media relations please contact:
investorrelations@renergen.co.za

Date: 06-05-2025 08:30:00
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