REVEGO AFRICA ENERGY LIMITED - REVEGO UPDATE IN RESPECT OF OFFER AND LISTING DATES AND TIMES

REVEGO UPDATE IN RESPECT OF OFFER AND LISTING DATES AND TIMES

Revego Africa Energy Limited
(Incorporated in South Africa)
(Registration Number: 2018/392811/06)
(LEI: 378900D3189A58DB1E83)
Share code on the JSE: RVG
ISIN: ZAE000296513
(“Revego” or “the Company”)

UPDATE IN RESPECT OF OFFER AND LISTING DATES AND TIMES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR
INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION OR REQUIRE REVEGO TO TAKE ANY
FURTHER ACTION.

Unless otherwise defined in this announcement, capitalised terms are as defined in the Pre-Listing
Statement issued by Revego on Wednesday, 31 March 2021.


In light of certain requests from prospective investors, Revego has deemed it appropriate to
extend the Offer period to Friday, 23 April 2021 in order to allow additional time for them to
consider the Pre-Listing Statement and a potential investment into Revego. South African
Qualifying Investors in South Africa or persons in other jurisdictions (excluding persons in an
Affected Jurisdiction) wishing to participate in the Offer should contact the Financial Advisor and
Bookrunner prior to 12:00 on Friday, 23 April 2021. Contact details are as below:

Jarrett Geldenhuys                                        Ashleigh Williams
Jarrett.Geldenhuys@Investec.com                           Ashleigh.Williams@Investec.com
+27 11 286 9481                                           +27 11 286 8676

The revised dates for the Offer period and Listing are set out below. All dates and times referred
to below are dates and times in South Africa.

                                                                                            2021
 Opening of the Offer at 09:00                                                  Monday, 19 April
 Closing of the Offer at 12:00                                                  Friday, 23 April
 Successful applicants advised of allocations                                   Friday, 23 April
 Final number of Offer Shares released on SENS                                  Monday, 26 April
 Final number of Offer Shares published in the press                         Wednesday, 28 April
 Expected Settlement Date and Listing Date on the JSE at 09:00                Thursday, 29 April

Notes:
1. The above dates and times are South African dates and times and are subject to amendment.
   Any such amendment will be released on SENS.
2. Shareholders may only receive Shares in dematerialised form and must advise their CSDP
   or broker of their acceptance of Shares pursuant to their subscriptions in the manner and by
   the cut-off time stipulated by their CSDP or broker.
3.   CSDP’s effect payment on a delivery-versus-payment basis.

In connection with the Offer, the Stabilisation Manager may effect transactions which may support
the market price of the Shares at a level higher than that which might otherwise prevail for a
limited period after the Listing Date. However, there is no assurance that the Stabilisation
Manager will undertake any such actions and there is no obligation on the Stabilisation Manager
to do so. Such actions may be effected on the JSE, and will be carried out in accordance with the
Listings Requirements and other applicable law. Such Stabilisation, if commenced, may be
discontinued at any time without prior notice and will in any event be discontinued after the
Stabilisation Period (being the period from the Listing Date until 30 calendar days after the Listing
Date). Such stabilising action may under no circumstances continue beyond the 30th calendar
day after the Listing Date.

In connection with the Offer, the Stabilisation Manager will be permitted to purchase up to
2,000,000 Shares in the market comprising up to approximately 1.3% of the total number of Offer
Shares. Any such Shares purchased will be sold to Investec at the Offer Price, which Investec
will hold together with the Shares acquired by it as part of its investment as a Cornerstone
Shareholder.

20 April 2021
Johannesburg

Financial Advisor and Bookrunner
Investec Bank Limited

Independent Auditor and Independent Reporting Accountant
Ernst and Young Incorporated

Legal Advisor to Revego
Norton Rose Fulbright South Africa Incorporated

Legal Advisor to Bookrunners
DLA Piper Advisory Services Proprietary Limited

Sponsor
Tamela Holdings Proprietary Limited

Transfer Secretaries
Computershare Investor Services Proprietary Limited

Date: 20-04-2021 09:39:00
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