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’’ or ‘’the Group’’) 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. Shareholders are advised that the Company anticipates results for the half year ended 28 February 2022 (‘’Current Range’’) to differ by more than 20% compared to the half year ended 28 February 2021 (‘’Prior Period’’), as follows: Current Range Prior Period Percentage (Restated) change range enX Group EPS 30c to 36c 63c (42%) to (52%) Diluted EPS 30c to 36c 63c (42%) to (52%) HEPS 145c to 151c 62c - Continuing EPS 50c to 56c 28c 79% to 100% Diluted EPS 50c to 56c 28c 79% to 100% HEPS 50c to 56c 28c 79% to 100% Discontinued EPS (18c) to (22c) 35c - Diluted EPS (18c) to (22c) 35c - HEPS 93c to 97c 34c - Discontinued operations Current period Shareholders are referred to the SENS announcement dated 30 September 2021 announcing the disposal of enX’s South African materials handling business, EIE Group Proprietary Limited (‘’EIE SA’’) to CFAO Holdings South Africa Proprietary Limited (‘’CFAO South Africa’’). In line with IFRS 5, EIE SA has been reported as an asset held for sale and discontinued operation from 31 August 2021, the date that the conditions were met to be classified as an asset held for sale. enX was required to cease depreciation and amortisation and assess the carrying value of the held for sale assets relative to the transaction value. Consequently, depreciation and amortisation from 1 September 2021 to 28 February 2022 of R222 million (after tax: R160 million) was not recorded in the current period and the assets held for sale were impaired by R187.7 million relative to the transaction value. As referred to in the SENS announcement dated 4 April 2022, EIE SA was disposed of effective 1 April 2022. In addition, in line with IFRS 5, enX’s woodworking equipment and tooling business, Austro Proprietary Limited (‘’Austro’’), has been reported as an asset held for sale and discontinued operation from 26 February 2022, the date that the conditions were met to be classified as an asset held for sale. enX was required to cease depreciation and amortisation and assess the carrying value of the held for sale assets in terms of the transaction value. The assets held for sale were impaired by R24.6 million relative to the transaction value. Prior period Shareholders are referred to the SENS announcement dated 15 April 2021 announcing the disposal of Impact Fork Trucks Limited (‘’Impact Handling (UK)’’). In line with IFRS 5, Impact Handling (UK) has been reported as an asset held for sale and discontinued operation from 1 February 2021, the date that the conditions were met to be classified as an asset held for sale. enX was required to cease depreciation and amortisation and assess the carrying value of the held for sale assets relative to the transaction value. Consequently, depreciation and amortisation from 1 February 2021 of R25 million (after tax: R18 million) was not recorded in the prior period. Impact Handling (UK) was disposed of effective 14 June 2021. The prior period has been restated as to include EIE SA and Austro as discontinued operations in terms of IFRS 5. The Group EPS and HEPS remain unchanged with only the split between continuing and discontinued operations having changed. Trading commentary Revenue from continuing operations is expected to increase by around 17%. Operating profit before net finance charges and earnings from associate from continuing operations is expected to increase between 55% and 59% compared to the same period last year. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. 12 May 2022 Sponsor: The Standard Bank of South Africa Limited Date: 12-05-2022 05:31:00 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.