Update on liquidation application and withdrawal of cautionary announcement
CautionaryLegal or solvencyMaterial
In brief
The High Court placed the company under provisional winding-up by consent on 2 November 2026 following an application by Seodi Coal (Pty) Ltd, with a rule nisi returnable on 22 February 2027. The cautionary announcement has been withdrawn.
The announcement
Update on liquidation application and withdrawal of 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”) UPDATE ON LIQUIDATION APPLICATION AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Efora shareholders (“Shareholders”) are referred to the Company’s announcement released on SENS on 26 August 2026 and the further cautionary announcement released on SENS on 2 November 2026 regarding the liquidation application brought against the Company by Seodi Coal (Pty) Ltd. The Company advises Shareholders that, on 2 November 2026, the High Court of South Africa, Gauteng Division, Johannesburg, granted an order, by consent, placing the Company under provisional winding-up. A rule nisi was issued calling upon interested persons to show cause on Monday, 22 February 2027 why the Company should not be placed under final winding-up. As at the date of this announcement, a provisional liquidator has not yet been appointed. The Company will advise Shareholders of further material developments in due course. Withdrawal of cautionary announcement Shareholders are referred to the Company’s cautionary announcements, the last of which was released on SENS on 2 November 2026. As discussions regarding the potential transaction have been terminated and the outcome of the liquidation application has now been announced, caution is no longer required to be exercised by Shareholders when dealing in the Company’s securities. Johannesburg 5 November 2026 Sponsor PSG Capital For further information please contact: Efora Energy Limited Darrin Arendse +27 (0)10 591 2260 Date: 05/11/2026 01:49:00 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.