enX GROUP LIMITED - Voluntary update and trading statement

Voluntary update and trading statement

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”)


VOLUNTARY UPDATE AND TRADING STATEMENT


VOLUNTARY UPDATE
Shareholders are advised that enX is anticipating adjusted headline earnings per share (“adjusted HEPS”) for the year
ended 31 August 2017 to be between 175 cents per share and 190 cents per share. Adjusted HEPS reflects sustainable
earnings generated by enX’s industrial businesses. It excludes any interest income earned and fair value adjustments arising
from its equity and debt investments in eXtract Group Limited (“eXtract”) (collectively “eXtract Investments”). This
compares to the industrial earnings of 187 cents per share included in the adjusted HEPS forecast for the year ended
31 August 2017 (as disclosed in the SENS published on 30 June 2016).

The full adjusted HEPS forecast of 270 cents per share included 83 cents of interest and dividend income from the eXtract
Investments, which enX no longer earns, as a result of the restructure and unbundling of the eXtract Investments.
Shareholders are referred to the announcement published today confirming that the restructure and unbundling agreement
with eXtract is now unconditional. Accordingly, enX shareholders can expect to receive 21.39799 eXtract shares for every
enX share owned. At the eXtract closing price of 6 cents per share, as at 27 September 2017, this represents R1.28 of value
for enX shareholders. The unbundling timetable is expected to be published on 3 October 2017.

TRADING STATEMENT
In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied
that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at
least 20% from the financial results for the previous corresponding period or from a profit forecast previously provided in
relation to such period.

Shareholders are accordingly advised that as a result of the restructure and unbundling of the eXtract Investments and
associated fair value adjustments, which cannot yet be accurately determined, the earnings per share (“EPS”) and headline
earnings per share (“HEPS”) for the year ended 31 August 2017 are expected to be at least 20% lower than the forecasted
EPS and HEPS for the year ended 31 August 2017. A further trading statement will be released with the EPS and HEPS
ranges once this becomes certain.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s
auditors. The Company’s financial results for the year ended 31 August 2017 are expected to be released on SENS on
23 October 2017 with an investor presentation and call taking place at the JSE’s Atrium Hall on the day at 12.30 (CAT).

In the interim, enX management will be holding an investor call on 29 September 2017 at 11:00 (CAT) to discuss the
current financial effects of the eXtract financial results and subsequent unbundling. The dial-in details for the call are:
       South Africa (Toll Free)                              0 800 200 648
       Johannesburg                                          011 535 3600
       USA and Canada (Toll Free)                            1 855 481 5362
       UK (Toll Free)                                        0 808 162 4061

Participants may ask to be joined into the ‘enX call’.

enX management will not be dealing with any operational or forward looking information due to being in a closed period.

28 September 2017


Sponsor
Java Capital

Date: 28/09/2017 05:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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