EFORA ENERGY LIMITED - Further cautionary announcement

Further cautionary announcement

EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
("Efora" or "the Company")

FURTHER CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the Company's previous cautionary announcements, the last of which
was published on 7 January 2026 (the "Previous Cautionary"), in which shareholders were
advised that the Company is engaged in negotiations, which, if successfully concluded, may have
a material effect on the price of the Company's securities.

The Board advises that engagements remain ongoing in respect of a potential transaction under
consideration. While progress has been made, certain aspects remain subject to further discussions
and consideration.

Accordingly, as the outcome of these discussions may have a material effect on the price of the
Company's securities, shareholders are advised to continue to exercise caution when dealing in
the Company's securities until a further announcement is made.

The Company will update shareholders in due course.

Johannesburg
18 February 2026

Sponsor
PSG Capital

For further information please contact:

Efora Energy Limited
Darrin Arendse
+27 (0)10 591 2260

Date: 18-02-2026 04:00:00
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