Non-Executive Director and Lead Independent Director Appointments Resource Generation Limited Registration number ACN 059 950 337 (Incorporated and registered in Australia) ISIN: AU000000RES1 Share Code on the ASX: RES Share Code on the JSE: RSG (“Resgen” or the “Company”) 30 November 2018 ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Non-Executive Director and Lead Independent Director Appointments Non- Executive Director Resource Generation Ltd is pleased to announce the appointment of Mr Michael Gray as an independent non-executive director of the Company. Michael is appointed to the Board following the resignation of Mr Peter Watson as a Non-Executive Director of the Company at the conclusion of the 2018 AGM. The appointment ensures continued compliance with the Corporations Act requirement for a public company to have two Australian resident directors. Michael has more than 25 years’ experience in the planning, approval, financing and development of resource and infrastructure projects and for the last 15 years has been focused on greenfield coal project development. He held executive roles at the Queensland Government’s Office of the Coordinator General and Macarthur Coal Limited and was Chief Executive Officer of Middlemount Coal Pty Ltd, where he had responsibility for development of the $600M Middlemount project from exploration project to operating mine. He has previously been a Director of Bandanna Energy Limited, Wiggins Island Coal Export Terminal Pty Ltd and the Queensland Resources Council. He holds a Bachelor of Engineering (Civil) and an MBA and is a graduate of the Australian Institute of Company Directors. The Board welcomes Michael and looks forward to his contribution. Lead Independent Director The Chairman of the Company is not regarded as independent due to his association with a significant Shareholder. Consequently, the Independent Directors have agreed that it would be appropriate from a governance perspective to appoint a Lead Independent Director. It is envisaged Resource Generation Australia (ACN 059 950 337) c/o Level 1, 17 Station Road, Indooroopilly, QLD, 4068 GPO Box 126, Albion QLD 4010. Phone +27 (011) 010 6310 Fax +27 (086) 539 3792 Directors: Lulamile Xate (Chairman), Robert Croll, Dr. Konji Sebati, Colin Gilligan, Leapeetswe Molotsane, Manish Dahiya, Michael Gray Interim CEO: Leapeetswe Molotsane Joint Company secretaries: Mike Meintjes, Brendan O’Regan that the role will include providing leadership to Independent Directors and advice to the Board on matters where there may be an actual or perceived conflict of interest involving the Chairman. The Board is pleased to announce that Rob Croll has been appointed to this position. On behalf of the Board Lulamile Xate Chairman About Resgen: Resource Generation Limited (the “Company” or “Resgen”) is an emerging ASX and JSE-listed energy company, currently developing the Boikarabelo Coal Mine (“the mine”) in South Africa’s Waterberg coalfield. The Waterberg coalfield accounts for around 40% of the country’s currently known coal resources. The Coal Resources and Coal Reserves for the Boikarabelo Coal Mine, held through the Company’s operating subsidiary Ledjadja Coal, were updated in 2016 based upon a new mine plan and execution strategy. The Boikarabelo Coal Resources total 995Mt and the Coal Reserves total 267Mt applying the JORC Code 2012 (ASX Announcement 23 January 2017 - In accordance with Listing Rule 5.23.2 the Company confirms that it is not aware of any new information that would impact on the reported Coal Resources and Coal Reserves). Stage 1 of the mine development targets saleable coal production of 6 million tonnes per annum. Ledjadja Coal is a Black Economic Empowerment (BEE) subsidiary operating under South Africa’s Broad-based Black Economic Empowerment Act, Section 9(5): Codes of Good Practice. Resgen’s primary shareholders are the Public Investment Corporation of South Africa (PIC), Noble Group and Altius Investment Holdings. For further information please contact: Mike Meintjes, Company Secretary on mmeintjes@resgen.com.au or +61 413 706 143 Media enquiries: South Africa: Marion Brower/ Charmane Russell on +27 11 880 3924 JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited PAGE 2 Date: 30/11/2018 09:08:00 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.