Distribution of Circular RENERGEN LIMITED Incorporated in the Republic of South Africa (Registration number: 2014/195093/06) JSE Share code: REN ISIN: ZAE000202610 Australian Business Number ABN: 93998352675 ASX Share code: RLT (“Renergen” or “the Company” or “the Group”) DISTRIBUTION OF CIRCULAR INTRODUCTION Shareholders are referred to Renergen’s SENS announcement dated 27 September 2019, whereby ordinary resolution 6 relating to the general authority to issue shares for cash was withdrawn due to the potentially highly dilutive consequence, being the ability to issue 50% of the current issued share capital of the Company. Furthermore, following the successful Initial Public Offering on the Australian Stock Exchange in June of 2019, and the successful draw down of the loan from the Overseas Private Investment Corporation, the Company does not envisage requiring significantly more capital on the basis of its current business plan. Accordingly, Renergen wishes to obtain a general authority to issue shares for cash from its shareholders by proposing an ordinary resolution (requiring a 75% majority of the votes of shareholders entitled to exercise voting rights in relation to the resolution) in terms of section 60 of the Companies Act No. 71 of 2008 (“Companies Act”) in order to authorise the board of directors of Renergen to have a general authority to issue shares for cash of up to a maximum of 5% of the current issued share capital of the Company (“Proposed General Issue of Shares for Cash Resolution”). DISTRIBUTION OF CIRCULAR AND NOTICE FOR OBTAINING WRITTEN APPROVAL FROM SHAREHOLDERS Details of the Proposed General Issue of Shares for Cash Resolution are contained in a circular that has been distributed to shareholders today (“Section 60 Circular”). The Proposed General Issue for Shares Resolution is presented to shareholders in terms of section 60 of the Companies Act for their consideration and written approval. Shareholders are requested to vote on the Proposed General Issue of Shares for Cash Resolution in accordance with the instructions contained on page 4 of the Section 60 Circular. The Section 60 Circular is available in English only. Copies may be obtained from the registered office of Renergen and Renergen’s transfer secretaries, Computershare Investor Services Proprietary Limited. A copy of the Section 60 Circular will also be made available on Renergen’s website https://www.renergen.co.za/wp-content/uploads/2018/04/Renergen- Circular-10-Oct-19-final.pdf today. IMPORTANT DATES AND TIMES Shareholders are referred to the table below setting out important dates and times in relation to voting on the Proposed General Issue of Shares for Cash Resolution. Last day to trade for the General Issue of Shares for Cash Record Date purposes Tuesday, 1 October 2019 General Issue of Shares for Cash Record Date to determine which Shareholders are entitled to receive the Section 60 Circular and entitled to vote on the General Issue of Shares for Cash Resolution Friday, 4 October 2019 Circular distributed to Shareholders on Friday, 11 October 2019 Announcement providing full details of the General Issue of Shares for Cash giving salient dates and advising of the distribution of the Section 60 Circular released on SENS Friday, 11 October 2019 Closing date for voting on the General Issue of Shares for Cash Resolution being 20 Business Days after the Section 60 Circular has been distributed to Shareholders Friday, 8 November 2019 Results of the voting on the General Issue of Shares for Cash Resolution anticipated to be released on SENS Monday, 11 November 2019 Statement describing the results of the voting on the General Issue of Shares for Cash Resolution anticipated to be distributed on or about Friday, 15 November 2019 Notes 1. All of the above dates and times are subject to change. Any changes made will be notified to Shareholders by release on SENS. 2. Shareholders should note that, as transactions in shares are settled in the electronic settlement system used by Strate, settlement of trades takes place three Business Days after such trade. Therefore, persons who acquire Shares after the last day to trade in order to be eligible to vote in respect of the General Issue of Shares for Cash Resolution, namely, Tuesday, 1 October 2019, will not be able to vote thereon. All times given in the Section 60 Circular are local times in South Africa. Johannesburg 11 October 2019 Designated Adviser PSG Capital For Australian Investors & Media, contact Citadel-MAGNUS Cameron Gilenko, 0466 984 953 Tom Kohlen, 0419 95 526 To readers reviewing this announcement on the Stock Exchange News Service (SENS), this announcement may contain graphics and/or images which can be found in the PDF version posted on the Company’s website. Please visit www.renergen.co.za Date: 11/10/2019 04:52:00 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. 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