ANNOUNCEMENT TO SHAREHOLDERS – NEW ISSUE OF SHARES

The Board of Directors of Shumba Energy Ltd (the “Company”) are pleased to inform its shareholders and the public in general that the Company had issued 1,313,612 Ordinary shares (“New Shares”) on 12 May 2017 to acquire the remaining shares in Shumba Resources Ltd not already owned by the Company.

The New Shares will be listed on the Botswana Stock Exchange and on the Stock Exchange of Mauritius with effect from Monday 10 July 2017. The Company’s total number of shares in issue will therefore be 264,604,249.

By order of the Board

International Financial Services Limited
Company Secretary

7 July 2017

This announcement is issued pursuant to Section 87 of the Securities Act 2005, Rule 5 of the Securities (Disclosure Obligation of Reporting Issuers) Rules 2007 and DEM Rule 21.

The Board of Directors of the Company accepts full responsibility for the accuracy of the information contained in this announcement.

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