enX GROUP LIMITED - Results of Mandatory Offer

Results of Mandatory Offer

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”)


RESULTS OF MANDATORY OFFER


1.   Introduction
     Shareholders are referred to the respective announcements released on the Stock Exchange News
     Service regarding a mandatory offer for enX shares by African Phoenix Investments Limited, acting in
     concert with MCC Contracts Proprietary Limited, Samvenice Trading Proprietary Limited, SBSA ITF
     Sui Generis LPFP H4 QHF, Crimson Harvest Holdings Proprietary Limited and Peresec Prime Brokers
     Proprietary Limited (collectively the “Offerors”), to acquire the remaining shares in enX at an offer
     consideration of R6.41 per share (the “Offer Consideration”) in terms of section 123 of the Companies
     Act 71 of 2008 (the “Mandatory Offer”). Shareholders are further referred to the combined offer
     circular containing full details of the Mandatory Offer published on Tuesday, 20 June 2023 and amended
     on 3 August 2023 (such circular, as amended, the “Circular”).

2.   Mandatory Offer results
     Shareholders are advised that the Mandatory Offer, which closed at 12:00 on Friday, 15 September
     2023, was accepted in respect of 495 846 enX shares, comprising 0.27% of enX’s issued share capital.
     Accordingly, once all acceptances have been settled, the Offerors will collectively hold 89 468 470 enX
     shares, being 49.07% of the issued share capital of enX.

3.   Responsibility statements
     The enX Independent Board accepts responsibility for the information contained in this announcement
     insofar as it relates to enX, and certifies that, to the best of its knowledge and belief, such information
     contained herein is true and nothing has been omitted which is likely to affect the import of such
     information.

     The Offerors accept responsibility for the information contained in this announcement insofar as it
     relates to the Offerors, and certify that, to the best of their knowledge and belief, the information
     contained in this announcement relating to the Offerors is true and nothing has been omitted which is
     likely to affect the import of such information.

18 September 2023


Corporate advisor and Sponsor to enX
The Standard Bank of South Africa Limited

Corporate advisor to the Offerors
Java Capital

Legal advisor to enX
White & Case

Legal advisor to the Offerors
Herbert Smith Freehills

Date: 18-09-2023 02:30:00
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