RESOURCE GENERATION LIMITED - EGM Update

EGM Update

     Resource Generation Limited
     Registration number ACN 059 950 337
     (Incorporated and registered in Australia)
     ISIN: AU000000RES1
     Share Code on the ASX: RES
     Share Code on the JSE: RSG
     (“Resgen” or the “Company”)

     26 March 2020

                                                                                EGM Update

     Resource Generation Limited (ASX:RES) (Resgen or Company) provides the following
     update in relation to the Extraordinary General Meeting (EGM) of Shareholders
     scheduled for Tuesday 7 April 2019 (see Notice of Meeting released to the ASX on 5
     March 2020). The EGM is being held for the purposes of seeking Shareholder approval
     for the Mine Funding Package detailed in the Notice of Meeting, including the
     Independent Expert’s Report.

     In response to combating the risks associated with the COVID-19 virus, Governments
     around the world have introduced travel and public gathering restrictions. These
     measures will impact the EGM scheduled for 7 April 2020 in Brisbane including the
     inability of the South African based Directors and Management Team to travel to
     Australia.

     The Company is in the process of considering alternative EGM arrangements that will
     enable Shareholders to participate whilst safeguarding the health and safety of its
     Directors, Shareholders, employees and the broader community by restricting
     attendance at a physical location. It should be noted that the Board considered deferring
     the EGM to a later date, however time is of the essence to finalise the Mine Funding
     Package as the Company has access to limited financial resources and further delays
     may impact the Project economics.

     The Company will provide further updates in due course in relation to the EGM
     arrangements. In the interim the Company strongly encourages:

Resource Generation Australia (ACN 059 950 337)
c/o Level 1, 17 Station Road, Indooroopilly, QLD, 4068
GPO Box 126, Albion QLD 4010. Phone +27 (011) 010 6310 Fax +27 (086) 539 3792
Directors: Lulamile Xate (Chairman), Robert Croll, Dr. Konji Sebati,
Colin Gilligan, Leapeetswe Molotsane, Manish Dahiya, Michael Gray                            www.resgen.com.au
Interim CEO: Leapeetswe Molotsane
Company secretary: Mike Meintjes
1. ASX registered Shareholders to lodge their proxies by 10am Sunday 5 April 2020
   using the EGM online voting function managed by our share registry, Boardroom.
   The link follow for online voting is www.votingonline.com.au/resgengm2020. Should
   you not be able to locate your shareholder voting registration number detailed on
   the proxy form mailed or emailed to the registered shareholding address please
   contact Boardroom by phone: (within Australia) 1300 737 760 or (outside Australia)
   +61 2 9290 9600.

2. JSE registered Shareholders to complete their proxies and lodge these with
   Computershare by 10am (South African time) Friday 3 April 2020 using email:
   proxy@computershare.co.za or by post to Computershare Investor Services Pty
   Limited, Private Bag X9000, Saxonwold , 2132, South Africa.


Lulamile Xate
Chairman
For and on behalf of the Board

About Resgen:

Resource Generation Limited (Resgen) is an emerging ASX and JSE-listed energy company, currently
developing the Boikarabelo Coal Mine in South Africa’s Waterberg region. The Waterberg accounts for
around 40% of the country’s currently known coal resources. The Coal Resources and Coal Reserves for the
Boikarabelo Coal Mine, held through the operating subsidiary Ledjadja Coal, were recently updated based
upon a new mine plan and execution strategy. The Boikarabelo Coal Resources total 995Mt and the Coal
Reserves total 267Mt applying the JORC Code 2012 (ASX Announcement :23 January 2017- In accordance
with Listing Rule 5.23.2 the Company confirms that it is not aware of any new information that would impact
on the Reported Coal Resources and Coal Reserves). Stage 1 of the mine development targets saleable coal
production of 6 million tonnes per annum. Ledjadja Coal is a Black Economic Empowerment subsidiary (BEE)
operating under South Africa’s Broad-based Black Economic Empowerment Act, Section 9(5): Codes of Good
Practice

ResGen’s primary shareholders are the Public Investment Corporation of South Africa (PIC), Noble Group
and Altius Investment Holdings.

For further information please contact:

Mike Meintjes, Company Secretary on mmeintjes@resgen.com.au or +61 413 706 143

Media enquiries:

South Africa: Marion Brower/ Charmane Russell on +27 11 880 3924

JSE Sponsor:

Deloitte & Touche Sponsor Services (Pty) Limited



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Date: 26-03-2020 08:35:00
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