Distinguished Engineer and SOE Reform Advocate to Provide Shareholder Perspective Following SANPC Launch by Minister Mantashe; Inaugural Episode Airs Tuesday, June 3rd

JOHANNESBURG, South Africa – June 2, 2025 – Following the recent official launch of the
South African National Petroleum Company (SANPC) by Mineral Resources and Petroleum
Resources Minister Gwede Mantashe, where he emphasized the critical need to revitalize
domestic refining activity, Ms. Ayanda Noah, the distinguished professional engineer and
Group Chairperson of the Central Energy Fund (CEF), SANPC’s shareholder, will provide
critical insights into CEF’s strategic and financial stewardship of the new entity.

This significant discussion will feature on the inaugural episode of “Energy Bridge Africa,”
hosted by leading financial journalist Fifi Peters, airing on CNBC Africa (DStv Channel 410)
on Tuesday, June 3, 2025, at 13:30 SAST

In this timely interview, Ms. Noah will articulate CEF’s overarching vision for SANPC,
addressing the strategic rationale behind its formation and the R5 billion funding
commitment. She will detail the robust governance and oversight mechanisms CEF is
implementing to ensure SANPC’s financial prudence and operational effectiveness,
learning from historical SOE challenges.

Furthermore, Ms. Noah will outline how SANPC, under CEF’s guidance, plans to tackle
South Africa’s fuel import dependency by revitalizing key domestic refining assets and
strategically navigate the Just Energy Transition, which includes a significant R10 billion
commitment to integrate renewable energy into SANPC’s portfolio. The discussion will
also cover the ‘Lease and Assign’ model designed to manage legacy issues and ensure
SANPC’s viable future.

This premiere episode of “Energy Bridge Africa” promises a frank discussion on the
challenges and opportunities facing South Africa’s new energy champion, providing a
crucial shareholder perspective on the path ahead.

Tune-in Details: Show:

Energy Bridge Africa (Inaugural Episode)
Guest: Ms. Ayanda Noah, Group Chairperson, Central Energy Fund
Host: Fifi Peters
Channel: CNBC Africa (DStv Channel 410)
Date: Tuesday, June 3, 2025
Time: 13:30 SAST

About the Central Energy Fund (CEF): The Central Energy Fund (CEF), chaired by
distinguished professional engineer Ms. Ayanda Noah, is a state-owned company
mandated to contribute to South Africa’s energy security. As SANPC’s shareholder, CEF is
pivotal in its strategic direction, funding, and governance oversight.

About the South African National Petroleum Company (SANPC): The South African
National Petroleum Company (SANPC) is the newly established State- Owned Company.
This company was formed after the merger of three of the Central Energy Fund (CEF)
subsidiaries, iGas, PetroSA and Strategic Fuel Fund.

It is poised to become a leading player in South Africa’s energy sector, ensuring energy
security, driving modern technologies, developing, and enabling essential infrastructure,
fostering strategic partnerships, and propelling social and economic development.
The SANPC is also expected to oversee strategic planning, coordination, and governance
of the country’s petroleum resources, contributing to the country’s sustainable
development and economic growth.

Contact:
Jacky Mashapu
Executive: Communications
South African National Petroleum Company (SANPC)
Mobile: 081 011 7528
Email: jacky.mashapu@sa-npc.co.za