Disclosure Devil - Summary

For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only Tel: +27 011 488 1700 Fax: +27 010 060 7000 www.bdo.co.za Wanderers Office Park 52 Corlett Drive Illovo, 2196 Private Bag X60500 Houghton, 2041 South Africa 12 BDO South Africa Incorporated Registration number: 1995/002310/21 Practice number: 905526 VAT number: 4910148685 Chief Executive Officer: LD Mokoena A full list of all company directors is available on www.bdo.co.za The company’s principal place of business is at The Wanderers Office Park, 52 Corlett Drive, Illovo, Johannesburg where a list of directors’ names is available for inspection. BDO South Africa Incorporated, a South African personal liability company, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms Independent Auditor’s Review Report on Interim Financial Results To the shareholders of Renergen Limited and its subsidiaries We have reviewed the interim consolidated financial statements of Renergen Limited and its subsidiaries (“the Group”), contained in the accompanying interim report, which comprise the interim consolidated statement of financial position as at 31 August 2025 and the interim consolidated statements profit or loss and other comprehensive income, changes in equity and cash flows for the 6 months period then ended, and selected explanatory notes. Directors' Responsibility for the Interim Financial Statements The directors are responsible for the preparation and presentation of these interim consolidated financial statements in accordance with the requirements of the JSE Limited Listing requirements as set out in note 1 to the financial statements and the requirements of the Companies Act of South Africa, and for such internal controls as the directors determine is necessary to enable the preparation of interim financial statements that are free from material misstatement, whether due to fraud or error. The Listings Requirements require condensed consolidated financial statements to be prepared in accordance with the framework concepts and the measurement and recognition requirements of IFRS Accounting Standards as issued by the International Accounting Standards Board, the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee and Financial Pronouncements as issued by Financial Reporting Standards Council and to also, as a minimum, contain the information required by International Accounting Standard (IAS) 34, Interim Financial Reporting. Auditor’s Responsibility Our responsibility is to express a conclusion on these interim consolidated financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. ISRE 2410 requires us to conclude whether anything has come to our attention that causes us to believe that the interim consolidated financial statements are not prepared in all material respects in accordance with the applicable financial reporting framework. This standard also requires us to comply with relevant ethical requirements. A review of interim consolidated financial statements in accordance with ISRE 2410 is a limited assurance engagement. We perform procedures, primarily consisting of making inquiries of management and others within the entity, as appropriate, and applying analytical procedures, and evaluate the evidence obtained. The procedures performed in a review are substantially less than and differ in nature from those performed in an audit conducted in accordance with International Standards on Auditing. Accordingly, we do not express an audit opinion on these financial statements. Material uncertainty related to going concern We draw attention to note 20 to the interim consolidated financial statements, which indicates that the regulatory and lender approvals and the timely completion of the ASP Isotopes Inc. offer during the assessment period ending 30 September 2026 represent material uncertainties that may cast significant doubt on the Group’s ability to continue as a going concern and therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business. Our review conclusion is not modified in respect of this matter. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim consolidated financial statements of Renergen Limited and its subsidiaries for the 6 months period ended 31 August 2025 are not prepared, in all material respects, in accordance with the requirements of the JSE Limited Listings Requirements, as set out in note 1 to the financial statements and the requirements of the Companies Act of South Africa. BDO South Africa Incorporated Registered Auditors J Barradas 30 October 2025 Director Registered Auditor For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only For personal use only