EnX : Finalisation of Disposal and Declaration of a Special Distribution of 200 cents per share

ENX GROUP LIMITED

(Incorporated in the Republic of South Africa) (Registration number 2001/029771/06)

JSE share code: ENX ISIN: ZAE000222253

("enX" or "the Company")

FINALISATION OF DISPOSAL AND DECLARATION OF A SPECIAL DISTRIBUTION OF 200 CENTS PER SHARE

Shareholders are referred to the announcements released on the Securities Exchange News Service ("SENS") on 30 September 2021, 30 November 2021 and 7 March 2022 respectively, regarding the divestment of EIE Group Proprietary Limited, the holding company of enX's Southern African materials handling business ("EIE Group"), for an aggregate consideration of R700 million (the "Disposal") as adjusted for leakage. On 15th December 2021, shareholders were advised that the enX board was considering the possibility of paying out c. R272 million of the final consideration (150.00 cents per enX share) as a distribution to enX shareholders.

Following these communications, shareholders are notified that all the suspensive conditions relating to the Disposal have now been fulfilled or waived, the transaction is unconditional and cash Disposal proceeds of R676,2 million have been received by the Company. Accordingly, after further consideration of the strong post Disposal liquidity position of the Company the directors of enX have determined to increase the payment to shareholders and declare a special distribution of 200.00 cents per enX share (the "Distribution"). The Distribution will be implemented by way of a reduction of contributed tax capital as defined in the Income Tax Act No. 58 of 1962 (as amended). Distributions from contributed tax capital which are not dividends as defined do not attract withholding taxes in South Africa. Application has been made to the exchange control division of the South African Reserve Bank for approval of the Distribution. Once received, the finalisation information pertaining to the payment of the Distribution will be communicated to shareholders.

Indicative salient information, dates and times relating to the Distribution:

The indicative salient dates relating to the Distribution are set out below and will be confirmed with the finalisation information announcement:

Issued share capital as at declaration date	182 312 650
Company Tax Reference Number	9483233145
2022
Declaration date announcement in respect of the Distribution released on SENS	Monday, 4 April
Finalisation date announcement in respect of the Distribution released on SENS	Friday, 22 April
Last day to trade in enX ordinary shares in order to receive the Distribution	Tuesday, 07 June
enX ordinary shares trade 'ex' the entitlement to receive the Distribution from	Wednesday, 08 June
Record date for receipt of the Distribution	Friday, 10 June
Distribution paid to enX ordinary shareholders	Monday, 13 June

Notes

• 1. All times given are local times in South Africa.

• 2. The dates and times set out above are subject to change. Any such change will be released on SENS.

• 3. No dematerialisation or rematerialisation of enX ordinary shares may take place between Wednesday, 08 June 2022 and

Friday, 10 June 2022, both days inclusive.

Monday, 4 April 2022

Sponsor

The Standard Bank of South Africa Limited