Results of the Annual General Meeting EFORA ENERGY LIMITED (Formerly SacOil Holdings Limited) (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE Share Code: EEL ISIN: ZAE000248258 (“Efora” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are hereby advised that at the annual general meeting (“AGM”) of the Company held at 11h00, on Tuesday, 25 September 2018 at 1st Floor, 12 Culross Road, Bryanston (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the AGM are as follows: Shareholders are further advised that ordinary resolutions number 6 and 7 were modified to limit the number of shares placed under the authority of the directors and those that can be issued for cash to 5%, respectively. Number of Number of shares Votes for Votes against shares abstained resolution as a resolution as a voted at as a percentage of percentage of AGM as a percentag Resolutions total number of total number of percentage e of proposed at the shares voted shares voted Number of shares of shares in shares in AGM at AGM at AGM voted at AGM issue issue Ordinary resolution number 1: Reappointment of 99.996% 0.004% 1 000 765 577 90.66% 0.01% external auditors Ordinary resolution number 2: Confirmation of 99.995% 0.005% 1 000 760 577 90.66% 0.01% appointment of Ignatius Sehoole Ordinary resolution number 3: Confirmation of 99.995% 0.005% 1 000 760 577 90.66% 0.01% appointment of Thuto Masasa Ordinary resolution number 4.1: Re- election of Audit and Risk 99.995% 0.005% 1 000 760 577 90.66% 0.01% Committee Members - Mr Ignatius Sehoole Ordinary resolution number 4.2: Re- election of Audit and Risk 99.995% 0.005% 1 000 760 577 90.66% 0.01% Committee Members - Ms Thuto Masasa Ordinary resolution number 4.3: Re- election of Audit and Risk 99.995% 0.005% 1 000 760 577 90.66% 0.01% Committee Members - Mr Patrick Mngconkola Ordinary resolution number 5.1: Endorsement of 99.55% 0.45% 1 000 734 478 90.66% 0.01% remuneration policy Ordinary resolution number 5.2: Endorsement of remuneration 99.995% 0.005% 1 000 760 577 90.66% 0.01% implementation report Ordinary resolution number 6: General authority to issue 99.55% 0.45% 1 000 765 577 90.66% 0.01% shares Ordinary resolution number 7: General authority to issue shares for cash 99.99% 0.01% 1 000 765 077 90.66% 0.01% Ordinary resolution number 8: Authority to sign all required 99.995% 0.005% 1 000 764 478 90.66% 0.01% documents Special resolution number 1: General authority to acquire (repurchase) 99.55% 0.45% 1 000 765 577 90.66% 0.01% shares Special resolution number 2: Remuneration of 99.99% 0.01% 1 000 764 478 90.66% 0.01% Non-executive Directors Special resolution number 3: Financial assistance for 99.99% 0.01% 1 000 760 577 90.66% 0.01% acquisition of shares in a related or inter- related company Special resolution number 4: Intercompany 99.99% 0.01% 1 000 760 577 90.66% 0.01% financial assistance Note Total number of shares in issue as at the date of the AGM was 1 103 834 635. Johannesburg 26 September 2018 Sponsor PSG Capital Date: 26/09/2018 02:15:00 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.