enX GROUP LIMITED - Declaration of a Special Distribution

Declaration of a Special Distribution

 ENX GROUP LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number: 2001/029771/06)
 Share code: ENX
 ISIN: ZAE000222253
 Listed on the General Segment of the Main Board
 ("enX" or "the Company")


DECLARATION OF A SPECIAL DISTRIBUTION


Unless otherwise defined herein, capitalised words and terms contained in this announcement
shall bear the meanings ascribed thereto in the Circular (defined below).

1.   INTRODUCTION

1.1. Shareholders are referred to the Firm Intention Announcement released on SENS on 20
     February 2026, relating to, inter alia, the written notice delivered by Trichem SA of its
     intention to exercise its option to acquire the remaining 75% interest in WAI
     ("Transaction"), the subsequent circular distributed to Shareholders on 5 March 2026
     ("Circular"), and the announcement released on SENS on 30 April 2026, whereby
     Shareholders were advised that the Transaction had closed.

1.2. Following the successful implementation of the Transaction, including the release of
     restricted cash previously held in escrow, the Board has determined to return the
     majority of the net surplus cash realised from the Transaction to Shareholders by way
     of a distribution.

1.3. Accordingly, the Company has resolved to declare a gross special distribution of R1.92
     (192.00 cents) per enX ordinary share (the "Distribution") to Shareholders recorded as
     such on the record date to be detailed in the finalisation announcement referred to
     below. The aggregate gross Distribution amounts to approximately R348 million. The
     Distribution will be deemed to be a dividend, for South African tax purposes, in terms of
     section 1 of the Income Tax Act No 58 of 1962 (''Income Tax Act''), being a distribution
     not funded from Contributed Tax Capital. Dividend withholding tax at a rate of 20% will
     be withheld from the gross Distribution paid to Shareholders who are not exempt from
     such tax, resulting in a net Distribution of R1.536 (153.60 cents) per enX ordinary share.
     Application has been made to the Exchange Control Division of the South African
     Reserve Bank for approval of the Distribution. A finalisation announcement containing
     the salient dates and times relating to the Distribution will be released on SENS following
     receipt of such approval.

2.   INDICATIVE SALIENT INFORMATION, DATES AND TIMES RELATING TO THE DISTRIBUTION

     The indicative salient dates and times relating to the Distribution are set out below and
     will be confirmed in the finalisation announcement:

      Issued share capital as at the declaration date                              181 366 763
      
      Company Tax Reference Number                                                  9483233145
                                                                                           
                                                                                          2026
      Declaration date                                                          Monday, 25 May

      Finalisation announcement in respect of the Distribution               Thursday, 11 June
      released on SENS by 11:00 am
       
      Last day to trade in enX ordinary shares in order to receive            Tuesday, 23 June
      the Distribution
       
      enX ordinary shares trade 'ex' the entitlement to receive             Wednesday, 24 June
      the Distribution from
       
      Record date for receipt of the Distribution                              Friday, 26 June

      Distribution paid to enX Shareholders                                    Monday, 29 June

  Notes:

  1.    All times given are local times in South Africa.
  2.    The dates and times set out above are subject to change. Any such change will be released
        on SENS.
  3.    No dematerialisation or rematerialisation of enX ordinary shares may take place between
        Wednesday, 24 June 2026 and Friday, 26 June 2026, both days inclusive.


Johannesburg
25 May 2026

Sponsor
Valeo Capital Proprietary Limited

Date: 25-05-2026 01:00:00
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.