EFORA ENERGY LIMITED - Trading statement

Trading statement

EFORA ENERGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
("the Company" or together with its subsidiaries "the Group")

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required
to publish a trading statement as soon as it becomes reasonably certain that the financial results for
the next period to be reported on will differ by 20% or more from the financial results for the previous
corresponding period.

Six months ended 31 August 2021

The Company hereby advises that a reasonable degree of certainty exists that for the six-month
period ended 31 August 2021 ("Current Interim Reporting Period"):

-     headline loss per share will be between a loss of 2.8 cents and headline earnings per share of
      2.2 cents, representing a decrease in the headline loss per share of between 89% and 109%
      compared to the headline loss per share of 25.1 cents reported for the six-month period ended
      31 August 2020 ("Prior Interim Reporting Period"); and

-     earnings per share will be between 10.7 cents and 18.4 cents, representing an increase of
      between 128% and 148% compared to the loss per share of 38.4 cents reported for the Prior
      Interim Reporting Period.

Year ended 28 February 2022

The Company further advises that a reasonable degree of certainty exists that for the year ended
28 February 2022 ("Current Annual Reporting Period"):

-     headline losses per share will be between a loss of 4.9 cents and a headline profit of 1.9 cents,
      representing a decrease of between 86% and 106% compared to the headline loss per share
      of 34.0 cents reported for the year ended 28 February 2021 ("Prior Annual Reporting
      Period"); and

-     earnings per share will be between 16.2 cents and 25.5 cents, representing an increase of
      between 135% and 155% when compared to the loss per share of 46.5 cents reported for the
      Prior Annual Reporting Period.

The financial information on which this trading statement is based has not been reviewed or reported
on by the auditor of the Company. The reviewed results for the Current Interim Reporting Period and
the audited results for the Current Annual Reporting Period are expected to be published on or about
27 November 2023.

Johannesburg
24 November 2023

Sponsor
PSG Capital

For further information please contact:

Efora Energy Limited
Darrin Arendse
+27 (0)10 591 2260

Date: 24-11-2023 04:10:00
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