enX GROUP LIMITED - Declaration of a special distribution of R1.55 per share

Declaration of a special distribution of R1.55 per share

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")

GENERAL SEGMENT

DECLARATION OF A SPECIAL DISTRIBUTION OF R1.55 PER SHARE

Shareholders are referred to the announcement on 11 March 2025 regarding the closing of the disposal by enX Trading
Investments Proprietary Limited ("enX Trading") of its 66% interest (including loan claims) in Centlube Proprietary
Limited, its 100% interest (including loan claims) in Ingwe Lubricants Proprietary Limited ("Ingwe") and its 37%
interest in Zestcor Eleven Proprietary Limited to Abakhulu Investments Proprietary Limited ("the Purchaser"). enX
Leasing Investments Proprietary Limited also disposed of its loan claim in Ingwe to the Purchaser.

Proceeds of R259.1 million were received, being gross proceeds of R287.9 million less ten percent of the gross proceeds
amounting to R28.8 million, which will be held in the escrow account of an agreed escrow agent, for the benefit of enX
Trading for a period of 24 months from closing, as security for any warranty and indemnity claims post closing or for
such longer period in the event that there are any unresolved claims that arise on or prior to the last day of the 24 month
period.

The directors of enX regard these proceeds as surplus to the operational requirements of enX. Accordingly, it has
resolved to declare a gross special distribution of R1.55 ( 155.0 cents) per enX share (the "Distribution") to enX
ordinary shareholders that are recorded as such on Friday, 4 April 2025. The Distribution will 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 to shareholders not funded from Contributed Tax Capital as defined in the Income Tax Act. A dividend
withholding tax of 20% will be applicable to all shareholders who are not exempt. A net special distribution of R1.24
(124.0 cents) per enX ordinary share will therefore be applicable to them. Application has been made to the exchange
control division of the South African Reserve Bank for approval of the Distribution. Once received, the finalisation
information pertaining to the payment of the Distribution will be communicated to shareholders.

Indicative salient information, dates and times relating to the Distribution:

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

 Issued share capital as at declaration date                                                                 182 312 650

 Company Tax Reference Number                                                                                9483233145

                                                                                                                 2025
  Declaration date announcement in respect of the Distribution released on SENS                   Wednesday, 12 March

  Finalisation date announcement in respect of the Distribution released on SENS                     Tuesday, 25 March
  (anticipated) on or about
  Last day to trade in enX ordinary shares in order to receive the Distribution                       Tuesday, 01 April

  enX ordinary shares trade 'ex' the entitlement to receive the Distribution from                  Wednesday, 02 April

  Record date for receipt of the Distribution                                                           Friday, 04 April

  Distribution paid to enX ordinary shareholders                                                       Monday, 07 April


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, 2 April 2025
and Friday, 4 April 2025, both days inclusive.

12 March 2025


Sponsor
The Standard Bank of South Africa Limited

Date: 12-03-2025 10:00:00
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