Termination of Acquisition EFORA ENERGY LIMITED (Formerly SacOil Holdings Limited) (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) Share Code: EEL ISIN: ZAE000248258 (“Efora” or “the Company”) TERMINATION OF ACQUISITION Shareholders are referred to the announcements released by Efora on SENS on 2 October 2017 and 5 October 2017 wherein the Company announced the acquisition of the assets and operations as well as the assumption of the liabilities of Belton Park Trading 134 Proprietary Limited for an aggregate purchase consideration of R220 million subject to the fulfilment of outstanding conditions precedent (“the Acquisition”). Shareholders are hereby advised that certain outstanding conditions precedent to the Acquisition were not fulfilled. Accordingly, the Acquisition agreement has lapsed. Sponsor PSG Capital Proprietary Limited 2 January 2018 For further information please contact: Efora Energy Limited Damain Matroos +27 (0)10 591 2260 Buchanan (Financial PR adviser) Ben Romney / Chris Judd +44 (0)20 7466 5000 About Efora Efora Energy Limited is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo; midstream project relating to crude trading in Nigeria and material downstream distribution operations throughout Southern Africa. Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade. Date: 02/01/2018 08:02:00 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.