Cautionary Announcement RENERGEN LIMITED Incorporated in the Republic of South Africa (Registration number: 2014/195093/06) Share code: REN ISIN: ZAE000202610 (“RENERGEN” or “the Company”) CAUTIONARY ANNOUNCEMENT Shareholders are advised that the Company has entered into negotiations which, if successfully concluded, will result in the acquisition of a viable asset and may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities, until a further announcement is made. Johannesburg 10 July 2015 Designated Adviser Merchantec Capital About RENERGEN RENERGEN is a Special Purpose Acquisition Company (“SPAC”) that is focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. As an investment holding company RENERGEN aims to participate in the growth of the African alternative energy sector, take advantage of investor demand and benefit from the growing need for alternative and renewable energy in South Africa and in sub-Saharan Africa. It is the intention of RENERGEN to maximise returns to shareholders by acquiring viable alternative and renewable energy businesses which are integral to their vertical integration in the supply chain. Refer to www.renergen.co.za for more information. Date: 10/07/2015 09:00:00 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.