Financial Close Of The Refinance Of Enx’s Southern African Leasing Businesses 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”) FINANCIAL CLOSE OF THE REFINANCE OF ENX’S SOUTHERN AFRICAN LEASING BUSINESSES Shareholders are referred to the Going Concern and Subsequent Events: Liquidity and Funding commentary in enX’s summarised preliminary consolidated financial results for the year ended 31 August 2020 (“Preliminary Results”). It was stated therein that “At the date of signature of the financial statements, agreements with bank lenders have been concluded whereby, subject to the fulfilment of customary conditions precedent, both the EIE SA and Eqstra businesses will raise their own independent funding facilities and all existing bank borrowings will be repaid and debt capital market instruments redeemed”. Shareholders are notified that financial close has been achieved in respect of these independent funding facilities (“New Borrowings”), existing facilities have been refinanced, all debt capital market instruments have been redeemed and the R4billion Domestic Medium Term Note programme has been terminated. The New Borrowings reset the maturity profile of the interest bearing debt of Eqstra and EIE SA as set out in the table below: R ‘m FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Total(1) Immediately prior 1,166 2,062 397 - - - 3,625 to refinance Immediately after - 317(2) 850 90 850 1518 3,625 refinance Notes to the table: (1) Represents gross interest-bearing borrowings as at 17 December 2020 in aggregate for Eqstra and EIE SA (2) Relates to a working capital facility / general banking facility which renews annually The New Borrowings are secured primarily by the underlying lease assets, receivables and ordinary shares in the subsidiaries that make up the Eqstra and EIE SA businesses. The New Borrowings offer liquidity to fund potential growth of the respective lease books and establish a stable capital base for Eqstra and EIE SA to continue to compete strongly in their respective markets. The information included in this announcement has not been reviewed or reported on by enX external auditors. Johannesburg 18 December 2020 Sponsor The Standard Bank of South Africa Limited Date: 18-12-2020 05:15:00 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.