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 year ended 31 August 2022 (‘’Current Range’’) to differ by more than 20% compared to the year ended 31 August 2021 (‘’Prior Period’’), as follows: Current Range Prior Period Percentage (Restated) change range enX Group EPS 118c to 135c 165c (19%) to (29%) Diluted EPS 118c to 135c 165c (19%) to (29%) HEPS 255c to 276c 208c 23% to 33% Continuing EPS 145c to 154c 89c 63% to 73% Diluted EPS 145c to 154c 89c 63% to 73% HEPS 155c to 164c 90c 73% to 83% Discontinued EPS (19c) to (27c) 76c Diluted EPS (19c) to (27c) 76c HEPS 100c to 112c 118c (6%) to (16%) Trading commentary Revenue from continuing operations is expected to increase by around 32%. Operating profit before net finance charges, earnings from our associate and impairments from continuing operations is expected to increase between 29% and 33% compared to the same period last year. Discontinued operations Current period The disposal of EIE Group Proprietary Limited (‘’EIE SA’’) to CFAO Holdings South Africa Proprietary Limited (‘’CFAO South Africa’’) was concluded on 1 April 2022. In line with IFRS 5, EIE SA has been reported as an asset held for sale and discontinued operation from 31 August 2021. 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 31 March 2022 of R263 million (after tax: R189 million) was not charged. The assets held for sale were impaired by R193 million relative to the transaction value and a loss on disposal of R13 million was incurred. The loss-making Austro Proprietary Limited (‘’Austro’’) was disposed of effective 30 June 2022 to Highest Mountain Proprietary Limited for R100 on an ‘’as is’’ basis. In line with IFRS 5, Austro has been reported as an asset held for sale and discontinued operation from 26 February 2022. The assets held for sale were impaired by R24 million relative to the transaction value and a loss on disposal of R7 million was incurred. Prior period The disposal of Impact Fork Trucks Limited (‘’Impact Handling (UK)’’), that was concluded on 14 June 2021, has been reported as an asset held for sale and discontinued operation from 1 February 2021. Consequently, depreciation and amortisation from 1 February 2021 to the effective date of R113 million (after tax: R91 million) was not charged and a profit on disposal of R33 million was made. The prior period has been restated as to include EIE SA, Austro and Impact Handling (UK) 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. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. 27 October 2022 Sponsor: The Standard Bank of South Africa Limited Date: 27-10-2022 08:30:00 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.