RENERGEN LIMITED Incorporated in the Republic of South Africa (Registration number: 2014/195093/06) JSE Share code: REN A2X Share code: REN ISIN: ZAE000202610 LEI: 378900B1512179F35A69 Australian Business Number (ABN): 93 998 352 675 ASX Share code: RLT (“Renergen” or “the Company”) IVANHOE TRANSACTION UPDATE Natural gas and helium producer Renergen provides an update on the proposed transaction with Ivanhoe Mines Ltd. (“Ivanhoe”). Shareholders are referred to the announcement dated 14 March 2022 and following Ivanhoe’s initial investment to become a 4.35% shareholder in Renergen, a 120-day period was agreed to for the fulfilment of all conditions, including inter alia, completion of further due diligence and progressing various stakeholder and regulatory approvals, to finalise the strategic investment and co-operation agreement (“Strategic Agreement”). Through the terms of the Strategic Agreement, Ivanhoe would be entitled to subscribe for such number of Shares as will, after their issue, result in Ivanhoe in aggregate holding 25% of the total issued share capital of Renergen on a fully diluted basis (“Second Subscription”) and then a third subscription which would result in Ivanhoe being entitled to subscribe for such number of Shares as will, after their issue, result in Ivanhoe in aggregate holding 55% on a fully diluted basis (“Third Subscription”). The 120-day period wherein the fulfilment of the Strategic Agreement conditions had to be achieved has been reached, without meeting those conditions in full. Consequently, the transaction cannot progress further and the Second Subscription (to 25%) and Third Subscription (to 55%) proposed in the Strategic Agreement are no longer applicable and have lapsed. “Renergen is at an exciting point of the Company’s history as we steadily march towards commencing production at our world class Virginia Gas Project. Once in operation, the Project will become a globally significant LNG and helium producer and importantly, will be coming online at a time when current global LNG and helium markets are in a shortfall and helium supply remains extremely tight. “Importantly, it also must be noted that the equity funding for Phase Two operations at Virginia is only required in 2023, so premature dilution for existing shareholders wasn’t necessary. This presents a unique opportunity to commence generating revenue by bringing Phase One into production, progress other remaining transactions and to further resource expansion through additional drilling prior to assessing capital requirements for Phase Two,” said Stefano Marani, CEO of Renergen. “We are continuing to explore the potential for Renergen’s liquefied natural gas to be part of a cleaner, reliable energy solution for our Platreef palladium, rhodium, nickel, platinum, copper and gold mine,” added Ivanhoe President, Marna Cloete. “We look forward to the Renergen team completing commissioning and ramping-up the Phase One operation.” Johannesburg 15 July 2022 Authorised by: Stefano Marani Chief Executive Officer Designated Advisor PSG Capital For Australian Investors & Media, contact Citadel-MAGNUS Cameron Gilenko, 0466 984 953 www.renergen.co.za