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”) DECLARATION OF A SPECIAL DISTRIBUTION OF R1.00 PER SHARE enX has closed the disposal of two businesses in the past 29 months, namely Impact Fork Trucks Ltd and EIE Group Proprietary Limited. These disposals collectively realised net cash proceeds of c.R1.330 billion. In addition, c.R435 million has been realised at group level via dividends from underlying operations. Of these proceeds, c.R350 million was applied to recapitalise Eqstra Fleet Management and Logistics, c.R637 million paid as distributions and R60 million to repay debt, while c.R135 million remains restricted – a result of collateral related to warranties and indemnities. Currently, the directors of enX regard the majority of the balance of these proceeds as surplus to the operational requirements of enX. Accordingly, it has resolved to declare a special distribution of R1.00 per enX share (the “Distribution”) which will be implemented by way of a reduction of contributed tax capital, as defined in the Income Tax Act No. 58 of 1962 (as amended), to enX ordinary shareholders that are recorded as such on Friday, 24 November 2023. Distributions from contributed tax capital which are not dividends as defined, do not attract withholding taxes in South Africa. 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 2023 Declaration date announcement in respect of the Distribution released on SENS Monday, 6 November Finalisation date announcement in respect of the Distribution released on SENS Monday, 13 November (anticipated) Last day to trade in enX ordinary shares in order to receive the Distribution Tuesday, 21 November enX ordinary shares trade ‘ex’ the entitlement to receive the Distribution from Wednesday, 22 November Record date for receipt of the Distribution Friday, 24 November Distribution paid to enX ordinary shareholders Monday, 27 November 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, 22 November 2023 and Friday,24 November 2023, both days inclusive. 6 November 2023 Sponsor The Standard Bank of South Africa Limited