Updated Trading Statement 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”) UPDATED TRADING STATEMENT Further to the trading statement released on SENS on 23 May 2019, as an updated trading statement, shareholders are advised that for the year ended 28 February 2019, the loss per share is expected to be between 52.64% and 72.6% more than the loss per share reported for the year ending 28 February 2018 (“Comparative Period”) of 42.34 cents, at between -64.63 and -73.09 cents per share. Headline loss per share is not expected to differ by more than 20% compared to the headline loss per share for the Comparative Period of 42.20 cents. The financial information on which this trading statement is based has not been reviewed or reported on by the auditor of the Company. The results for the year ended 28 February 2019 are expected to be published today. Johannesburg 31 May 2019 Sponsor PSG Capital For further information please contact: Efora Energy Limited Tariro Gadzikwa +27 (0)10 591 2260 Buchanan (Financial PR adviser) Ben Romney / Chris Judd +44 (0)20 7466 5000 About Efora Efora Energy Limited is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo; midstream project relating to crude trading in Nigeria and material downstream distribution operations in South Africa. Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade. Date: 31/05/2019 05:09:00 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.
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