Further cautionary announcement
CautionaryLegal or solvencyTransactionMaterial
In brief
The board has rejected the final offer regarding a potential transaction and terminated discussions. Separately, a liquidation application brought by Seodi Coal (Pty) Ltd was set down for hearing on 2 November 2026, with the outcome pending.
The 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 28 September 2026, advising that engagements regarding a potential transaction remained ongoing and that the Board’s decision to defer the court process relating to the Company’s contemplated provisional liquidation remained in place. The Board has considered the final offer received in respect of the potential transaction and resolved not to accept it in its present form. Accordingly, discussions have been terminated without agreement being reached in respect of the potential transaction. Shareholders are further referred to the announcement released on SENS on 26 August 2026, advising that the liquidation application brought against the Company by Seodi Coal (Pty) Ltd was struck from the urgent roll by the High Court. The application was subsequently set down for hearing on 2 November 2026. The Company will advise shareholders of the outcome once confirmed. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a further announcement is made Johannesburg 2 November 2026 Sponsor PSG Capital For further information please contact: Efora Energy Limited Darrin Arendse +27 (0)10 591 2260 Date: 02/11/2026 02:08:00 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.