General SENS Submitter Company - Gen - General - Removal of Listing Announcement - ERN

Gen - General - Removal of Listing Announcement - ERN

Gen - General - Removal of Listing Announcement

ERIN ENERGY CORPORATION (the “Issuer”)
Share Code: ERN
ISIN: US2956251076


The Issuer has a secondary listing on the Johannesburg Stock Exchange (“JSE”). On 26 April 2018, the
Issuer was suspended from trading on the JSE following the Issuer filed for bankruptcy in the United
States of America on 25 April 2018 which was subsequently converted to a liquidation order in July
2018. Since 13 July 2018, the Company ceased doing business and has been undergoing liquidation
proceedings.

In terms of paragraph 1.8 of the JSE Listings Requirements (“the Requirements”), “If a listing is
suspended and the affected applicant issuer fails to take adequate action to enable the JSE to reinstate
the listing within a reasonable period of time, the JSE may remove the listing in accordance with the
procedure set out below.”

Based on the failure of the Issuer to make any meaningful progress on the completion of the
liquidation proceedings and addressing the various non-compliances with the Requirements since its
suspension on 26 April 2018, the JSE advised the Issuer that it is considering the removal of the Issuer’s
listing at the instance of the JSE pursuant to section 12(2) of the Financial Markets Act no. 19 of 2012
and section 1.12 and 1.13 of the Requirements.

The JSE provided the Issuer with an opportunity to make written representations as to why the
removal of the Issuer should not be effected. After careful consideration of the representations by the
Issuer, the JSE informed the Issuer that it has decided to remove the Issuer’s listing and advised the
Issuer of its right to appeal the decision pursuant to paragraph 1.5 of the Requirements. The Issuer
did not appeal the decision.

Accordingly, shareholders are advised that the Issuer’s listing will be removed from the
commencement of business on Monday, 15 May 2023 and that they will remain shareholders in an
unlisted company. Accordingly, the last day to trade (off-market) will be Tuesday, 09 May 2023 and
the record date will be Friday, 12 May 2023.



Wednesday, 3 May 2023

Date: 03-05-2023 03:44:00
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