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")

UPDATE ON DIVESTMENT OF EIE GROUP

Shareholders are referred to previous announcements released by enX on SENS on 30 September 2021 and 30 November 2021, respectively, regarding the divestment of EIE Group to CFAO South Africa for an aggregate consideration of R700 million (the "initial announcements"). The terms defined in the initial announcements bear the same meaning as in this announcement, where appropriate.

Shareholders are advised that approval of the requisite Competition Authorities has been obtained. Fulfilment and/or waiver of the remaining conditions precedent is expected to take place in the next few weeks. Accordingly, the proposed transaction is anticipated to close in early April 2022.

7 March 2022

Transaction sponsor

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enX Group Ltd. published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 15:49:07 UTC.