Half Year Report 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”) HALF YEAR REPORT Appendix 4D Half year report Introduced 01/01/03 Amended 17/12/10, 01/01/12 The following information must be given to ASX under listing rule 4.2A.3. 1. Details of the reporting period and the previous corresponding period. Refer to the Renergen Limited website for details of the Interim Financial Results for the six months ending 31 August 2019. https://www.renergen.co.za/results-and-reporting/results-and-reporting-2019/ 2. Key information in relation to the following. This information must be identified as “Results for announcement to the market”. 2.1 The amount and percentage change up or down from the previous corresponding period of revenue from ordinary activities. 31 August 31 August Decrease in Percentage 2019 2018 Revenue decrease in compared to Revenue 31 August compared to 2018 31 August 2018 Revenue R1.4 R 1.8 R0.4 22% 31 August 28 February Decrease in Percentage 2019 2019 Revenue decrease in compared to Revenue 28 February compared to 2019 28 February 2019 Revenue R1.4 R2.9 R1.5 52% 2.2 The amount and percentage change up or down from the previous corresponding period of profit (loss) from ordinary activities after tax attributable to members. 31 August 31 August Increase in Percentage 2019 2018 loss increase in compared to loss 31 August compared to 2018 31 August 2018 Net loss R39 988 R17 467 R22,521 129% after tax 31 August 28 February Decrease in Percentage 2019 2019 loss decrease in compared to loss 28 February compared to 2019 28 February 2019 Net loss R39 988 R44 976 R4 988 11% after tax 2.3 The amount and percentage change up or down from the previous corresponding period of net profit (loss) for the period attributable to members. Same as above 2.4 The amount per security and franked amount per security of final and interim dividends or a statement that it is not proposed to pay dividends. Not applicable as no dividends were declared in the six months ending 31 August 2019. 2.5 The record date for determining entitlements to the dividends (if any). Not applicable as no dividends were declared in the six months ending 31 August 2019. 2.6 A brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood. • The Gross loss of R0.4 million (31 August 2018: R0.13 gross profit) was incurred as a result of the 5-month long Association of Mine Workers and Construction Union (AMCU) strike in Virginia which saw a decrease in the Compressed Natural Gas (CNG) volumes sold during the first two months of the financial year on the pilot project of 10 buses transporting mine employees. • More than 100% increase in Share based payment expense and reserve as a result of Share Options granted as part of the ASX listing. 5.1 million share options were awarded to Transaction Advisors at a fair value of R6.3 million on 06 June 2019, the options are can be exercised after 4 years. • Costs associated with capital raised to fund the Virginia Natural Gas Plant expansion increased the losses in the last six months. 3. Net tangible assets per security with the comparative figure for the previous corresponding period. 31 August 2019 28 February 31 August 2018 2019 Net tangible 135.07 93.61 6.14 assets per security (in cents) 4. Details of entities over which control has been gained or lost during the period, including the following. Not applicable, Renergen has not gained or lost control of any entities in the last six months. 4.1 Name of the entity. 4.2 The date of the gain or loss of control. 4.3 Where material to an understanding of the report – the contribution of such entities to the reporting entity’s profit from ordinary activities during the period and the profit or loss of such entities during the whole of the previous corresponding period. 5. Details of individual and total dividends or distributions and dividend or distribution payments. The details must include the date on which each dividend or distribution is payable, and (if known) the amount per security of foreign sourced dividend or distribution. Renergen has not declared or paid any dividends in the last six months 6. Details of any dividend or distribution reinvestment plans in operation and the last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan. Renergen does not plan to declare any dividends in the next six months 7. Details of associates and joint venture entities including the name of the associate or joint venture entity and details of the reporting entity’s percentage holding in each of these entities and – where material to an understanding of the report – aggregate share of profits (losses) of these entities, details of contributions to net profit for each of these entities, and with comparative figures for each of these disclosures for the previous corresponding period. Renergen does not have an associate or joint venture 8. For foreign entities, which set of accounting standards is used in compiling the report (e.g. International Financial Reporting Standards). International Financial Reporting Standards 9. For all entities, if the accounts contain an independent audit report or review that is subject to a modified opinion, emphasis of matter or other matter paragraph, a description of the modified opinion, emphasis of matter or other matter paragraph. Auditor’s Review Mazars, the group’s independent auditor, has reviewed the Condensed Consolidated Interim Results for the period ended 31 August 2019 and have expressed an unmodified review conclusion thereon. A copy of the auditor’s review report is available for inspection at the company’s registered office together with the financial information identified in the auditor’s report. The auditor’s review report does not necessarily report on all the information contained in these financial results. Shareholders are therefore advised that in order to obtain a full understanding of the nature of the auditor’s engagement they should obtain a copy of the auditor’s review report together with the accompanying financial information from the company’s registered office. Johannesburg 27 September 2019 Designated Adviser PSG Capital Date: 27/09/2019 04:24:00 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.