Sharenet Sites 
Sharenet Sites
Subsidiary shareholder matter
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
("Renergen" or "the Company")
SUBSIDIARY SHAREHOLDER MATTER
Renergen refers to its announcement dated 27 December 2023 ("Announcement"),
regarding an investment in the Company's Tetra4 Proprietary Limited ("Tetra4") subsidiary by
Mahlako Gas Energy Proprietary Limited ("MGE") through a sale, subscription and
shareholders agreement entered into on or about 23 December 2023 (the "Transaction
agreement"), classified at the time as a category 2 transaction in terms of the JSE Listings
Requirements.
Shareholders are advised that MGE has given notice to Renergen, in which it elects to
exercise the put option referred to in paragraph 9 of the Announcement ("Put Option"),
pursuant to a purported Put Option Event (which event Renergen disputes has occurred), at
a price yet to be determined. The consequence of this election gives rise to a share transaction
necessitating Renergen repurchasing MGE's stake in Tetra 4 (the ("Option Transaction
Agreement").
Renergen categorically disputes that the Put Option has been lawfully or validly exercised and
that it has consequently given rise to the aforementioned share transaction. Further to this,
and resulting from the invalidity of the exercise of the Put Option, Renergen also disputes that
the Option Transaction Agreement has validly come into existence and will be challenging
same.
As such Renergen is confident that MGE's purported and premature exercise of rights, that
have not arisen in the circumstances, and that may never come to fruition, is devoid of legal
merit, based on advice received.
The transaction agreement contains comprehensive dispute resolution mechanisms to
address such matters, and the Company expects this dispute to be resolved through those
prescribed processes in due course.
While it may take some time for the dispute to be resolved or adjudicated, Renergen has, in
the interests of transparency, opted to inform shareholders of the above, and will update
shareholders of any material developments warranting disclosure, as and when appropriate.
Renergen's core business operations and strategic direction remain unaffected by this
commercial dispute. The Company continues to focus on the successful execution of its
business plan and the development of the Tetra4 project.
Johannesburg
9 July 2025
Designated Advisor
PSG Capital
Date: 09-07-2025 01:17:00
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.
