Update on Encha Payment 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” UPDATE ON ENCHA PAYMENT Shareholders are referred to the announcement released on SENS on 22 November 2019 outlining Encha Group Limited’s indebtedness to the Company of R75 million plus interest and arbitration costs. We are progressing the recovery of these amounts and shareholders will be notified as soon as payment is received from Encha. Johannesburg 31 January 2020 Sponsor PSG Capital For further information please contact: Efora Energy Limited Tariro Gadzikwa +27 (0)10 591 2260 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 throughout Southern 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: 31-01-2020 08:26:00 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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