RENERGEN LIMITED - Renergen and Springbok Solar Power Plant announce full settlement and coexistence agreement

Renergen and Springbok Solar Power Plant announce full settlement and coexistence agreement

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")


RENERGEN AND SPRINGBOK SOLAR POWER PLANT ANNOUNCE FULL
SETTLEMENT AND COEXISTENCE AGREEMENT


The Company is pleased to announce that a full settlement and coexistence agreement has
been reached with Springbok Solar Power Plant (the "Agreement"), ending all legal disputes
and paving the way for mutually beneficial operations in the Free State.

Summary outcomes of the Agreement

   -   Springbok Solar has indicated that it regrets the circumstances that gave rise to the
       dispute and acknowledges the concerns raised by Tetra4 regarding their existing rights
       and more specifically the requirement to consult under Section 53 of the MPRDA;
   -   The parties have formalised the Agreement such that it allows both the Virginia Gas
       Project and the Springbok Solar Project to operate within the designated area;
   -   Clear protocols defined for ongoing communication and operational coordination;
   -   Tetra4 will retain the exclusive rights conferred to it within the Production Right outside
       of the agreed boundary of the Springbok Solar Project facility to explore and produce;
       and
   -   The parties will continue to engage and consult in terms of all applicable legislation
       and regulation on future development and expansion of both companies' continued
       development in the Free State.

Following a period of protracted legal proceedings and regulatory review, the parties have
agreed to settlement terms that ensure the protection of Renergen's subsidiary, Tetra4
Proprietary Limited's rights to natural gas extraction and the continued operation of the
Springbok Solar Project, in accordance with South African law and the Mineral and Petroleum
Resources Development Act (MPRDA). This follows the recent setting aside of the Section 53
approval relied upon by Springbok Solar for land use by the Director-General due to
procedural defects. The Department of Mineral and Petroleum Resources was kept informed
throughout and will continue to be a key stakeholder. Both companies remain fully committed
to complying with all applicable laws and regulations. The DMPR's involvement was
constructive in nature. By affirming the validity of Renergen's Production Right and clarifying
the regulatory framework under Section 53 of the MPRDA, the Department helped establish
a basis for engagement. This contributed to a more coordinated consultation process and
supported the parties in reaching a workable resolution.

Background

The issue arose from overlapping land use rights governed by South African law, specifically
Section 53 of the MPRDA. Renergen was the first to acquire a valid Production Right over the
relevant area. Subsequently, Springbok sought to pursue a solar energy development on the
same land. In terms of Section 53 of the MPRDA, such surface development required
ministerial consent, which was initially granted but later set aside.

The settlement between Renergen and Springbok not only provides clarity and avoids further
litigation, but also establishes a framework for both projects to progress constructively. This
outcome underscores the importance of collaboration between the renewable energy and
mineral and petroleum rights holders on multi-use land rights, paving the way for future
cooperative efforts.

Ensuring that Interested and Affected Parties (I&APs) are meaningfully engaged under all
applicable legislative frameworks is essential to promoting transparency, strengthening
regulatory compliance, and resolving overlapping rights in a manner that is both legally sound
and socially responsive. This inclusive approach enables stakeholders to unlock opportunities
for sustainable, multi-sector development while safeguarding the integrity of the consultative
process.

Such engagement is a substantive legal requirement under multiple statutory regimes,
including Section 53 of the MPRDA, as well as other sector-specific laws governing land use,
mineral rights, and energy development.


"This agreement closes a difficult chapter for both parties, and clears a path forward built on
collaboration and mutual respect. We look forward to working alongside Springbok Solar and
any other parties wishing to co-exist on our production right to deliver energy security and
economic growth for South Africa," said Stefano Marani, CEO of Renergen.

A comprehensive joint media statement can be found on our website at
www.renergen.co.za/media.


Johannesburg
22 September 2025

Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital


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

For all media relations please contact:
investorrelations@renergen.co.za

Date: 22-09-2025 08:30:00
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