PIC reduces Renergen stake below substantial shareholder threshold

Renergen Limited has informed shareholders that the Public Investment Corporation SOC Limited (PIC) has reduced its beneficial interest in the company's securities. The PIC's total beneficial interest now stands at 4.372% of Renergen's total issued ordinary share capital. This change falls below the substantial shareholding threshold, triggering reporting requirements under the Companies Act and JSE Listings Requirements.

The notification from the PIC indicates a disposal of beneficial interest. Previously, the PIC and its associates held a 6.920% voting power, amounting to 10,737,826 ordinary shares. Following this transaction, the voting power has decreased to 4.372%, representing 6,784,071 ordinary shares. Relevant notices have been filed with the Takeover Regulation Panel.

The company's board confirmed the accuracy of the information provided in the announcement, which reflects the details received from the PIC. Stefano Marani, chief executive officer, authorized the announcement, with PSG Capital serving as the designated advisor. The announcement was made from Johannesburg on 10 September 2025.