Notification in terms of section 45(5) of the Companies Act 71 of 2008 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”) NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT 71 OF 2008 1. Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008 (the “Companies Act”), and pursuant to the special resolution passed at the annual general meeting of the Company held on Wednesday, 29 March 2017, the board of directors of the company (the “board”) has adopted a resolution to provide financial assistance to Friedshelf 1320 Proprietary Limited (“Friedshelf”) by the issuance of a guarantee by the Company in respect of certain loan and banking facilities being made available to Friedshelf by the financing parties, which constitutes direct and/or indirect financial assistance in terms of the provisions of section 45(5) of the Companies Act. 2. Friedshelf is a wholly owned subsidiary of the Company which holds its Power, Wood and Petrochemical investments. 3. The loan and banking facilities are for an aggregate principal amount of R550 million, of which R350 million represents term and overdraft facilities and R200 million represents indirect banking facilities. 4. In accordance with section 45(3)(b) of the Companies Act, the board is satisfied and acknowledges, in respect of the financial assistance granted that: 4.1. the Company will satisfy the solvency and liquidity test as set out in section 4 of the Companies Act immediately after providing the financial assistance; and 4.2. the terms under which the financial assistance is to be given are fair and reasonable to enX. 29 August 2017 Sponsor Java Capital Date: 29/08/2017 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.