enX GROUP LIMITED - Cautionary Announcement

Cautionary Announcement

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”)

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the Company has received a non-binding expression of interest for the
acquisition of 100% of the issued share capital of a major subsidiary of the Company (the “proposed
transaction”).

If successfully concluded, the proposed transaction represents an attractive opportunity for the
Company to monetise its investment in a major subsidiary. Negotiations in respect of the proposed
transaction are in the early stages.

The proposed transaction will be subject to a due diligence and various regulatory and merger
approvals as well as the conclusion of a formal share purchase agreement. The proposed transaction,
if concluded, would be classified as a category 1 transaction, requiring a circular and shareholder
approval.

Shareholders are advised to exercise caution when dealing in the Company’s securities until a further
announcement is released on SENS.

18 November 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 18-11-2020 02:58:00
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