Sharenet Sites 
Sharenet Sites
Renewal of Cautionary Announcement Relating to The Acquisition of Assets and Potential Reverse Takeover
MANTENGU LIMITED
(formerly Mantengu Mining Limited)
Incorporated in the Republic of South Africa
(Registration number 1987/004821/06)
Share code: MTU ISIN: ZAE000320347
("Mantengu" or "the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT RELATING TO THE PROPOSED ACQUISITION OF
AVERI FINANCE ASSETS AND POTENTIAL REVERSE TAKEOVER
Shareholders are referred to the detailed cautionary announcement published on SENS on
20 May 2026 and renewal of cautionary on 2 July 2026 in relation to the proposed Acquisition
of Averi Finance Assets ("Acquisition") and are advised that negotiations between the
parties are continuing and are progressing well.
As advised, Mantengu has engaged Bowmans to advise it in relation to all legal and
regulatory aspects of the Acquisition, including the due diligence process. The due
diligence in respect of the South African assets has commenced and is progressing
satisfactorily. Details of the assets held outside of South Africa, including renewable assets
and oil and gas assets, are expected to be received in due course.
The Board remains of the view that the Acquisition creates compelling strategic value for
Mantengu shareholders in the form of diversified revenue streams, exposure to the oil and
gas and renewable energy industries, together with the requisite pan-African geographical
exposure.
The Board will keep shareholders updated as important milestones during the Acquisition
are reached.
Accordingly, shareholders are advised to continue to exercise caution when dealing in the
Company's securities until a further announcement is made, as the Acquisition, if
successfully concluded, may have a material effect on the price of the Company's
securities.
By Order of the Board
13 August 2026
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 13-08-2026 05:07:00
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.
