Change to the Board - Resignation of Directors ENX GROUP LIMITED Incorporated in the Republic of South Africa (Registration number: 2001/029771/06) JSE share code: ENX ISIN: ZAE000195723 ("enX" or “the Company”) CHANGE TO BOARD – RESIGNATION OF DIRECTORS Shareholders are referred to the announcement released on SENS on 9 June 2020 in which Shareholders were advised that the board of directors of enX (“the Board”) received correspondence from MCC Contracts (Pty) Ltd (“MCC Contracts”) advising the Board that MCC Contracts is the registered and beneficial holder of c.32.44% of enX’s issued share capital and that, in accordance with section 61(3) of the Companies Act 71 of 2008, as amended, MCC Contracts demands that the Board convene a special meeting of shareholders to consider various resolutions for the purpose of: - Removing Messrs Steve Booysen and Eddy Oblowitz as independent non-executive directors of the Company; - Removing Messrs Allan Joffe and Paul O’Flaherty as non-executive directors of the Company; and - Appointing each of Messrs Oyama Mabandla, Zolani Kgosietsile Matthews, Warren Chapman and Andrew James Hannington as non-executive directors of the Company. Shareholders are further advised that on 18 June 2020 the Board received signed irrevocable undertakings from shareholders who, together with MCC Contracts, hold 51.42% of enX’s issued share capital, indicating that they will vote in favour of the resolutions to be proposed by MCC Contracts at the special meeting of shareholders. In light of the level of shareholder support received for the resolutions regarding the removal of Messrs Booysen, Oblowitz, Joffe and O’Flaherty they believe that it is in the best interest of enX if they resign immediately seeing that it is clear that the resolutions that will be proposed for their removal at the special meeting of shareholders will be passed. RESIGNATION OF DIRECTORS In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the Board hereby notifies its Shareholders that, with effect from 22 June 2020: - Mr Steve Booysen has resigned as an independent non-executive director and Chairperson of the Board; - Mr Eddy Oblowitz has resigned as an independent non-executive director of the Company; and - Mr Allan Joffe and Mr Paul O’Flaherty have resigned as non-executive directors of the Company. The Board thanks Messrs Booysen, Oblowitz, Joffe and O’Flaherty for their contributions to the Company and wishes them well in their future endeavours. The remaining members of the Board will consider the filling of the vacancies left by Messrs Booysen, Oblowitz, Joffe and O’Flaherty and a further announcement in this regard will be made soon. Johannesburg 23 June 2020 _________________________________________________________________________________ Sponsor The Standard Bank of South Africa Limited Date: 23-06-2020 08:31:00 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.