Renergen Limited together with Mahlako Gas Energy Propriety Limited

Renergen Limited together with Mahlako Gas Energy Proprierty Limited (MGE) is pleased to announce the conclusion of an investment in Tetra4 Proprietary Limited (Tetra4). The investment will provide an injection of R550 million into the Company and its subsidiaries within 20 business days from conclusion of the procedural conditions precedent, which funds will contribute to the further development of the Virginia Gas Project, and in return MGE will own 5.5% of the equity in Tetra4 once all the investment proceeds have been fully invested for the development of Phase 2.

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