SOGTL - Keeping the Faith, page-102

From the Mezzanine Prospectus - Page 80

"Swala Energy Limited ('SWE'), which at the time held 58.5% of the issued share capital
of Swala Oil & Gas (Tanzania) Plc ('Swala') was placed in voluntary administration as part of a corporate restructuring
on the 24th June 2016.

On the 18th October 2016 the administrator sold the listed shell to Trident
Capital, in a transaction that was approved by the shareholders of SWE at an Extraordinary General
Meeting on the 22nd June 2017.

On the 30th June 2017 SWE and Swala announced that they had agreed
that Swala would redeem an outstanding inter-company loan for A$1,000,000 on or by 10th October
2017 and upon this SWE would release the shares it held in Swala to the SWE shareholders in an
intermediated in-specie distribution for nil consideration."