1.9% Helium Surprise in P12 at Virginia Gas Project 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”) 1.9% HELIUM SURPRISE IN P12 AT VIRGINIA GAS PROJECT Natural gas and helium producer Renergen is pleased to announce that the P12 well, which we previously advised would be plugged and abandoned (ASX release June 30, 2021), was observed to commence flowing gas (at low rates) in the days following rig release. The flow rate has subsequently continued to increase with a current flow rate in excess of 30,000 standard cubic feet per day. Most significantly, the measured helium concentration in the gas stream is high at 1.9%. This well was drilled using standard rotary drilling, which uses water as a drill fluid to remove cuttings during drilling. Fractures intersected during drilling can drain the drilling fluid, and so it is common practice to use Lost Circulation Material, or LCM, to seal the fractures temporarily and allow water laden with drill cutting to circulate back to the surface. When drilling is complete the LCM typically dries and shrinks; in the case of P12, it appears that it took the LCM over a week to shrink enough to allow gas to flow to surface. Although initially the flow was at very low rates, the rate has been steadily climbing daily, and is expected to continue to do so until all the LCM has been completely dried out over the coming weeks. The figure above shows an approximate trajectory of the well, along with the gas ingress point. The well targeted an interpreted fault labelled 2089, to ascertain whether the fault is gas-bearing. “The significance of this discovery cannot be overstated. Whilst drilling the well was risky with a low conviction of success, the team did its homework and we decided to drill the well to confirm if this fault is gas-bearing, and more importantly whether it contains helium. I cannot express how proud I am of the team and its achievements on a 5 for 6 drilling campaign,” said CEO, Stefano Marani. Johannesburg 12 July 2021 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 Date: 12-07-2021 08:30:00 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.