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”)


PLANT UPDATE


Renergen wishes to update investors on the status of the plant and its operational capacity
amidst growing speculation about the plant. The LNG system is complete, and the preliminary
performance data show the LNG exceeds design specifications. The onsite storage tanks and
virtual pipeline tankers are full. Ceramic Industries onsite installation is complete and fully
commissioned, while Consol’s site is now cooled down with nitrogen waiting for final
commissioning and handover to take place.

The helium train was tested, and all components are working as designed, with the
microturbines creating the cooling effect as required.

During the test, the helium train was super cooled to within near helium liquefaction
temperatures before the test had to be paused due to a utility proving to be unreliable. The
utility in question is the conduction oil system providing lubrication and heating to the plant.
The utility was incorrectly installed and was providing inconsistent heating to the conduction
oil, and in order to ensure no damage would be done to the plant, management decided to
turn the plant off to repair the utility in question. It has now been corrected, reinstalled, tested
and is operating reliably and within specification.

With the plant having been turned off to complete this repair, the Company has taken the
opportunity to connect additional wells which were recently drilled, which will thus increase the
output of the plant and brings the plant closer to within full design specification.

The process, from here is to pressurise the pipeline, prime the utilities and turn on the plant
for steady state production, with LNG commencing first, and liquid helium turning on thereafter.
The helium module has our full attention.

“Fundamentally there is no material difference to where the Company was three weeks ago.
Had we pushed to continue to helium liquefaction point without pausing the operation, the risk
to the plant was significant. While stopping the plant within hours of producing liquid helium
was less than ideal and extremely frustrating to the whole team, and no doubt shareholders
too, the decision was the correct one as the risk was simply too high. This commissioning has
always been about ensuring minimal risk to turn on, not speed.

We are fully cognizant of the plant being delayed, but we have been working around the clock
to ensure its safe turn on without damaging this critical investment which will operate for the
next 20 years at least. Our shareholders’ faith in the team does not go unnoticed, and our
primary focus is to deliver a fully functioning plant with the lowest possible risk,” said CEO
Stefano Marani.
Johannesburg
26 October 2022
Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital


For Australian Investors & Media, contact Citadel-MAGNUS

Cameron Gilenko, 0466 984 953

To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which can be found in the PDF version
posted on the Company’s website.

www.renergen.co.za