Updated Trading Statement RENERGEN LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2014/195093/06) Share code: REN ISIN: ZAE000202610 (“Renergen” or “the Company”) UPDATED TRADING STATEMENT Renergen has had a strong year and made significant progress on developing the Virginia project. In particular, the project has developed from compressed natural gas to liquefied natural gas, thus increasing the foot print for delivery of product and customer catchment area. The total proven helium reserves have been defined at close to 6 billion cubic feet, and a meaningful off-take agreement for natural gas has been secured with a blue-chip company for use in its trucks. These developments were only possible through streamlining workstreams and investing in the necessary manpower, skills and engineering required to bring the project to where we are today. As a result of streamlining efforts, the Company announced the impending write-down of the Ivory Coast hydro project in our half-year results which will be reflected for the first time in our full year results. Furthermore the increased expenditure required to develop the Virginia project to its current status has also contributed, so despite the period showing increased losses, overall the Company has made good progress on the main asset and is in a stronger position now as a result. Further to the trading statement released on SENS on 23 March 2018, as an updated trading statement, shareholders are advised that for the year ended 28 February 2018, the loss per share is expected to be between 102% and 122% more than the loss reported for the year ending 28 February 2017 (“Comparative Period”) of 22.19 cents per share, at between 44.88 and 49.32 cents per share. Headline loss per share is expected to be between 60% and 80% more than the headline loss per share reported for the Comparative Period of 22.20 cents per share, at between 35.46 and 39.90 cents per share. The information in this trading statement has neither been reviewed nor reported on by the Company’s external auditors. The results for the year ended 28 February 2018 are expected to be released on SENS on or about 31 May 2018. Johannesburg 25 May 2018 Designated Adviser PSG Capital Date: 25/05/2018 05:30:00 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.